|Page (1) of 1 - 05/08/12||email article||print page|
UniCredit and HP to Optimize Payroll Production, Human Resources Processes(May 08, 2012)
MILAN, ITALY -- (Marketwire) -- 05/08/12 -- HP Enterprise Services Italia today announced that UniCredit Business Integrated Solutions SCpA, an Italy-based global service company, has signed a 15-year agreement with HP (NYSE: HPQ) to optimize payroll operations and information technology related to human resources administration processes across the organization.
These services will be provided through a jointly owned, dedicated company called ES Shared Service Center SpA.
HP will assist UniCredit in adopting common tools for human resources activities and payroll production, providing HP Human Resources and Payroll Services for the firm's active and retired workforce located in Italy and Austria. Based on HP best practices and UniCredit technical skills, the new delivery model will generate benefits for the bank such as economy of scale, reduced administrative costs, higher transactional quality and improved workforce and payroll reporting.
"As one of the largest financial institutions in Europe, it is important for UniCredit to seek and create value partnerships with strategic players so we can continue along our path to business growth and capitalize on opportunities to strengthen our market position," said Massimo Schiattarella, general manager, UniCredit Business Integrated Solutions. "HP is a proven ally that will support our initiatives with business process and technology expertise, allowing us to remain focused on serving our broad customer base."
UniCredit will migrate its current multiple human resources/enterprise resource planning (ERP) platforms to a standard, unified enterprise model running SAP® solutions. HP will provide HP Applications Transformation and HP Modernization Services to lead the bank's transformation to the SAP solution-based platform. The global implementation of SAP enterprise applications will provide employee and manager self-service functionalities with a streamlined portfolio of supporting applications and tools.
HP will host UniCredit's SAP solution-based platform from its data centers, providing UniCredit a full scope of Infrastructure, Security and Network services. HP Data Center Services will help to ensure high availability of IT services, continuous reliable operations and scalability for needed processing volumes and future growth.
"To succeed in today's market environment, financial institutions need to focus resources on creating and delivering quality, innovative services to their customers," said Mike Nefkens, senior vice president and general manager, Enterprise Services -- Europe, Middle East and Africa, HP. "As a long-term technology partner of UniCredit, HP will support their initiatives to improve performance and services for their customers."
HP has worked with UniCredit for more than 10 years, delivering services to manage the company's technology infrastructure, applications, desktop and printing environments.
UniCredit is a major international financial institution with strong roots in 22 European countries and an overall international network present in approximately 50 markets, 9,500 branches and 160,000 employees as of 31 December 2011. In the CEE region, UniCredit operates the largest international banking network with over 3,800 branches. The Group operates in the following countries: Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine. www.unicredit.eu.
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, including execution of cost reduction programs and restructuring and integration plans; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any 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; expectations and assumptions relating to the execution and timing of cost reduction programs and restructuring and integration plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2012 and HP's other filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2011. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2012 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.
Copyright @ Marketwire
Related Keywords: HP Enterprise Services Italia, UniCredit, HP Human Resources and Payroll Services, Applications, Human Resources, Productivity Applications, Security, Business Issues, Software Development, Other Applications, Administration, IT Management, Contracts, Tools, Platforms, Management, Human Resources, Human Resources, Africa, Hungary, Czech Republic, Poland, Russia, Germany, Austria, Italy, Marketwire, , IT (Information Technology), Enterprise Applications, HP, Financial, Computer Science, Business, middle east, russia, Other,