FOR IMMEDIATE RELEASE
Synaptix Systems Provides Project Management Leadership for $40B Financial Services Customer’s Business Process Outsourcing (BPO) Initiative
ALISO VIEJO, California – February 27, 2007 – Synaptix Systems Inc., a leading strategy and solutions firm that helps clients understand & maximize return on their information technology (IT) and project investments, today announced the successful project management of a key phase in the overall delivery of a $40B financial services client’s Business Process Outsourcing (BPO) effort.
As part of its continued focus on streamlining operations and capturing process efficiencies, Synaptix Systems’ customer had undertaken a major initiative to outsource certain Financial, Procurement and Human Resources processes. As part of this program, Synaptix Systems managed the project to deliver a newly integrated system (along with related business process improvements) that administered the Procure-to-Pay business process thread.
Synaptix Systems teamed with the client’s BPO and Program Management Office (PMO) leadership teams to successfully implement the complex system, which featured numerous interfaces between the client’s internal Financial applications and an outsourced platform based on Ariba’s software product offering. Furthermore, the client has gone on to leverage Synaptix Systems Project Management and Analysis resources for several related projects under the Enterprise Resource Planning (ERP) umbrella.
“We are excited to have helped our client deliver a key project under challenging timeline and cost expectations”, states Synaptix Systems President & CEO Heath Hawker. “I am confident that the long term financial value proposition inherent in outsourcing carefully selected business functions will be a reality for this organization”.
Synaptix Systems’ client anticipates a five year cost savings in excess of $6M due to the new system and processes, a figure which is supported to-date by financial calculations derived over the system’s first 3 months in production. The long-term savings are projected to increase year over year.
Synaptix Systems provides strategic consultative value and information technology governance solutions that drive significant return on investment through process improvement and program/project management office implementation & optimization. The company’s approach to planning and delivering project value has yielded a sound track record of client satisfaction. Recognized for a common sense client advocacy approach and rigorous delivery methods, Synaptix has developed long-term relationships founded on continuous value creation.
About Synaptix Systems Inc.
Synaptix Systems Inc. has its corporate headquarters at 30211 Avenida de las Banderas, 2nd Floor, Rancho Santa Margarita, CA 92688. Synaptix Systems can be reached at 949-888-6640, or by email at firstname.lastname@example.org.
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