Tablet Shipments Declined Over The Decade Expects To Rise In 2024
IBM Consulting's BPO Unit Wins Vendor Invoicing Deal from Indian Oil Corporation Ltd in March 2022
By Indu Tyagi Ketan , 08 December, 2022
Indian Oil Corporation Ltd, a state-owned energy firm, awarded a vendor invoicing management contract to IBM Consulting's BPO division.
The shared service center would be located in Noida, Uttar Pradesh, and would be used by employees of Indian Oil Corporation Ltd and IBM to address vendor issues, make payments, record exceptions, and keep records. Each year, the center would have the capacity to process 1.5 million invoices.
According to the CXO of IBM Consulting, the partnership uses the IT company's knowledge in the sector and capabilities in hybrid cloud and AI. According to the press release, IndianOil would be able to boost the visibility of important process parameters with the use of digital technology, including optical character recognition, vendor portal & ticketing tools, analytics, and automation solutions. AI-enabled chatbots allowing vendors to receive updates on bills and payments are also available.
The agreement would enable the delivery of technology-enabled services at scale for IndianOil. According to the CXO of IndianOil, the shared service center centralizes processing for the "accounts payable" function countrywide.
BPO Services Market value
Latest News
Tablet Shipments Declined Over The Decade Expects To Rise In 2024
There is a growing demand for smartphones in the era of artificial intelligence. The technology-driven market prioritizes smartphones and personal computers (PCs) over tablets. It is due to consumers' convenience to reach out to smaller or larger…
Amazon Is The Largest Investor On Renewable Energy For 2024
The renewable energy industry is gaining momentum due to the transition of clean energy worldwide. The nations globally aim to achieve net zero emissions by the end of 2050. In the United States, the targets of clean energy transition are to be…
China Shuts Door To Battery Production In 2024
The growing concerns over climate change in 2024 are increasing the demand for rechargeable batteries. There has been a surge in lithium-ion batteries since the beginning of 2024. Several studies have developed a substitute for lithium-ion batteries…
Investments And Fundings Into Clean Energy Sector Supports The Transformation
The clean energy transition is gaining momentum due to nations' active interest in climate change issues. In 2024, significant breakthroughs in the green energy transformation research and development sector are commendable. Transition in the…
Artificial Intelligence Stands As A Challenge For Clean Energy Transition
Artificial intelligence is reigning over every sector of the economy in the era of technology. It has set up its era rather than being a part of technology only. Recent developments in artificial intelligence make it very important from the…
Indu Tyagi Ketan
Chief Strategy Officer
