Gradatim's BPU Services commences operations in India
Monday, 06 August 2007, 19:30 IST
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Bangalore: Gradatim IT Ventures, in the emerging Business Process Utility (BPU) services segment, has announced commencement of its business operations in India. The company has bagged several pilot projects from leading banks and financial institutions in India and abroad to offer custom made solutions in the Microfinance, Micro-insurance, Electronic Litigation Support and Insurance Closed Book Utility segments. "Our mission is to simplify our client's business operations through an innovative combination of technology and services, thereby reducing turnaround time and improving the overall business process. We deliver single window-knowledge driven services, offering comprehensive understanding of methodologies and competencies for specific business processes within this core sector," says C V Prakash who spearheads Gradatim IT Ventures as its CEO and primary founder. "Industry analysts such as Gartner predict that BPO will slowly give way to the BPU," says Prakash. "As the BPO market continues to move toward mass customization, business processes will increasingly be accessed as utilities, offering common services to multiple clients, making way for the BPU." "BPUs offer standardized and typically technology enabled process outsourcing services, having a single strategic goal to leverage economies of scale. Effective deployment of technology drives down unit costs by aggregating common transactions across many companies in the same industry," Prakash explains. Gradatim's corporate office is based in Bangalore and its BPU unit located in Chennai. BPUs are gaining popularity because of repeatable and scalable delivery models that lead to predictable outcomes and significant cost benefits for the outsourcing organizations.
Source: IANS
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