HP Helps Clients Transform Finance and Accounting Processes With New BPO Solution

Thu Feb 14, 2013 7:45am EST

* Reuters is not responsible for the content in this press release.

  PALO ALTO, CA, Feb 14 (Marketwire) -- 
HP (NYSE: HPQ) -- HP Enterprise Services today announced a new business
process outsourcing (BPO) solution, HP AutoFlow, that enables clients to
automate core business processes, including finance and accounting, to
enhance operational agility.

    As business functions become more complex, organizations struggle to
maximize efficiencies while maintaining quality and process transparency.
At the same time, these complexities often prompt organizations to
perform inefficient, time-consuming manual workarounds when responding to
and solving issues. Yet, while enterprises are constantly looking for
ways to cut costs, they are also aiming to increase the return on
investment (ROI) of their enterprise resource planning (ERP) systems.

    HP AutoFlow integrates with any ERP platform and is designed to provide a
scalable, unified solution that automates and streamlines finance and
accounting processes. Utilizing a leveraged, private cloud
infrastructure, the solution offers out-of-the-box functionality. HP
AutoFlow can be rapidly deployed to support client efforts to:

--  Reduce the need for manual intervention and shift valuable resources
    to more strategic projects by increasing automation through improved
    integration with ERPs and legacy systems.
--  Support enablement of e-invoicing to achieve better invoice accuracy
    and improve on-time payment performance.
--  Drive process transformation via process-modeling capabilities.
--  Realize improved cost and additional savings by accelerating
    processing time for accounts payable, thereby increasing opportunities
    for early payment discounts.


"Today's chief financial officers are plagued with diminishing
resources and the growing complexity of processes and technology," said
Danila Meirlaen, vice president, Business Process Outsourcing, HP
Enterprise Services. "HP AutoFlow builds on our strong history in
finance, administration and technology to increase process automation and
optimize cost structures, so clients can focus on revenue-generating

    HP AutoFlow combines HP's deep BPO experience with the Omniflow workflow
solution from leading business process management and enterprise content
management provider Newgen Software Technologies. Hosted in a leveraged
cloud environment, HP AutoFlow fully integrates with HP Document
Processing Services and the HP invoice automation program to enable
electronic receipt, document scanning, data capture and document
repository services while allowing easy integration into clients' back
office systems. 

    In addition to finance and administration, HP AutoFlow can be used in
other business processes such as human resources, procurement, supply
chain, master data management, dispute management and financial services.

    Pricing and availability
 HP AutoFlow is available immediately worldwide;
pricing varies according to client needs and environment.

    HP's premier Americas client event, HP Discover, takes place June 11-13
in Las Vegas.

    About HP
 HP creates new possibilities for technology to have a
meaningful impact on people, businesses, governments and society. The
world's largest technology company, HP brings together a portfolio that
spans printing, personal computing, software, services and IT
infrastructure to solve customer problems. More information about HP is
available at http://www.hp.com.

    This news release contains forward-looking statements that involve risks,
uncertainties and assumptions. If such risks or uncertainties materialize
or such assumptions prove incorrect, the results of HP and its
consolidated subsidiaries could differ materially from those expressed or
implied by such forward-looking statements and assumptions. All
statements other than statements of historical fact are statements that
could be deemed forward-looking statements, including but not limited to
statements of the plans, strategies and objectives of management for
future operations; any statements concerning expected development,
performance, market share or competitive performance relating to products
and services; any statements regarding anticipated operational and
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statements of assumptions underlying any of the foregoing. Risks,
uncertainties and assumptions include macroeconomic and geopolitical
trends and events; the competitive pressures faced by HP's businesses;
the development and transition of new products and services and the
enhancement of existing products and services to meet customer needs and
respond to emerging technological trends; the execution and performance
of contracts by HP and its customers, suppliers and partners; the
protection of HP's intellectual property assets, including intellectual
property licensed from third parties; integration and other risks
associated with business combination and investment transactions; the
hiring and retention of key employees; assumptions related to pension and
other post-retirement costs and retirement programs; the execution,
timing and results of restructuring plans, including estimates and
assumptions related to the cost and the anticipated benefits of
implementing those plans; the resolution of pending investigations,
claims and disputes; and other risks that are described in HP's filings
with the Securities and Exchange Commission, including HP's Annual Report
on Form 10-K for the fiscal year ended October 31, 2012. HP assumes no
obligation and does not intend to update these forward-looking statements.

    Copyright 2013 Hewlett-Packard Development Company, L.P. The information
contained herein is subject to change without notice. The only warranties
for HP products and services are set forth in the express warranty
statements accompanying such products and services. Nothing herein should
be construed as constituting an additional warranty. HP shall not be
liable for technical or editorial errors or omissions contained herein.


Editorial contacts

Lisa Yarbrough
+1 214 762 0209


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