ITC Infotech Announces Consumer Goods BPS
Offering Powered by Oracle
September 20, 2013: ITC Infotech, a leading global IT services and solutions company and fully owned subsidiary of ITC Ltd, today announced a new Consumer Goods Business Process Services (BPS) offering “Powered by Oracle” and based on Oracle’s Comprehensive Trade Management (CTM) solution. ITC Infotech is a Gold level member of Oracle PartnerNetwork.
The Oracle CTM solution is built on Oracle’s proven and highly robust Siebel Trade Promotion Management solution which is primarily utilised for managing promotions and funds, settling claims and forecasting sales and liabilities. ITC Infotech has further complemented Oracle’s Siebel platform with predictive trade planning, real-time ‘what-if’ scenario planning and consumption-based volume planning capabilities. This will allow companies to leverage a complete Trade Management solution that combines trade promotion execution with trade promotion ‘planning’ and monitoring. The CTM solution will enable Consumer Goods companies to optimize their trade promotion ROI, increase trade spend efficiency, help improve sales forecasting accuracy and deliver joint business planning with their retail customers.
Organizations today are looking to reduce costs while operating more efficiently, leading many to sign up for non-core and specialized business process services, such as logistics and transportation management, accounts payable and receivables, human resource administration, or learning management. With the combined Oracle and partner service, customers can focus more on their business challenges and innovation, instead of day-to-day operations or IT management.
Mr. Bernard Goor, Vice President – Retail, Consumer Goods, Oil & Gas, Resources and Process Industries, Oracle said, “Oracle is committed to delivering value and efficiency to both our partners and the joint customers we serve. By leveraging Oracle’s extensive network of partners who deliver business process services ‘Powered by Oracle,’ customers gain the combined benefit of Oracle’s leading stack of technology and applications and specific partner expertise in the business processes they choose to subscribe to. Oracle Comprehensive Trade Management solution in combination with the industry and process expertise of ITC Infotech customers can increase trade planning process agility and effectively manage spend.”
ITC Infotech will make the CTM solution available in the cloud with managed technical services and business services. The ITC Infotech cloud solution will be built on Oracle Exadata Database Machine, Oracle Exalytics and Oracle Exalogic Elastic Cloud, and will be available on a subscription-based pricing model.
Mr. L N Balaji, President – North American Operations, ITC Infotech, said, “The Oracle CTM platform is a leader worldwide and we are glad to further strengthen our relationship with Oracle through the launch of our CTM solution. This solution offers increased trade spend efficiency and more insightful category management recommendations. This can result in better collaboration and relationships with customers. We expect it will immensely benefit companies in the Consumer Goods, Durables, Hi-Tech and Consumer Healthcare sectors, and in general all companies that manage brands and promotions”.
ITC Infotech brings domain expertise and vast experience in the Consumer Goods Trade Promotion Management solutions space. Their CTM solution offers a host of benefits for customers seeking to implement on a Cloud/SaaS Model or on the traditional On-premise model. ITC Infotech also brings to the table its global delivery capability to enable reduced implementation time and cost along with ongoing technical and business support services. In addition, ITC Infotech has the expertise to implement the Oracle CTM best-practices based solution at nearly half the time and cost of a typical implementation.
About ITC Infotech
ITC Infotech, a fully owned subsidiary of USD 7 billion ITC Ltd, provides IT services and solutions to leading global customers. The company has carved a niche for itself by addressing customer challenges through innovative IT solutions.
ITC Infotech is focused on servicing the BFSI (Banking, Financial Services & Insurance), CPG&R (Consumer Packaged Goods & Retail), Life Sciences, Manufacturing & Engineering Services, THT (Travel, Hospitality and Transportation) and Media & Entertainment industries.
About Oracle Business Process Services
Oracle Business Process Services (BPS) makes Oracle’s complete stack of application, database, and middleware technologies available through Oracle’s network of BPS providers. With Business Process Services (BPS) offerings “Powered by Oracle”, partners leverage Oracle’s best-in-class software solutions to help their customers speed time to market with new innovations, while providing a low risk, cost effective and world-class service. When choosing an Oracle BPS partner, customers benefit from process services that are powered by leading Oracle technologies and applications that deliver performance, reliability and security. For more information, please visit: http://www.oracle.com/bps .
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle’s partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit: http://www.oracle.com/partners.