HP has unveiled a business process outsourcing (BPO) service designed to help firms better integrate and manage finance and strategic planning operations.
The company said that its AutoFlow brand would integrate with conventional ERP platforms and provide companies with tools to manage and track financial transactions, invoicing and account management activities. The service combines HP's BPO platform with services from partner Newgen Software Technologies.
The service will also integrate with HP's Document Processing Service for file and records management.
In addition to conventional financial management and modelling tasks, HP is looking to target the AutoFlow platform at areas such as inventory management, human resources and supply chain management.
"Today's chief financial officers are plagued with diminishing resources and the growing complexity of processes and technology," said HP vice president for BPO Danila Meirlaen.
"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 activities."
The company said that the service would be available internationally with pricing varying on region and usage case.
BPO has long been at the forefront of the IT service outsourcing field as companies look to save costs over on-premise deployment and management. The services have been hailed with helping to cut capital expenditure costs and bringing overall savings to companies.
With the rise of the public and private cloud computing movement, however, the management and deployment of such systems has grown even more complex.