SOURCE: Xchanging

November 15, 2010 03:10 ET

Xchanging Wins a Technology Contract From the Singapore Government

SINGAPORE--(Marketwire - November 15, 2010) -

Press Release


To develop a Finance Management System for the Subordinate Courts of Singapore

SINGAPORE, 15 November 2010 - Xchanging (LSE: XCH), one of the largest and fastest growing global business processors, has won a contract to develop an IT application system for the Subordinate Courts of Singapore. The Subordinate Courts are a critical component of the Singapore Judiciary. Dealing with more than 95% of the cases in Singapore, the Subordinate Courts seek to provide an effective and accessible system of justice, inspiring public trust and confidence.

As part of the contract, Xchanging will develop and maintain a Finance Management System to meet the operational, accounting, reporting and internal audit needs. The new Financial Management System will provide a robust financial infrastructure to enable the Subordinate Courts to manage the collection of fines, in addition to providing multiple modes of payment, for the convenience of the court users. This system will interface with the existing IT systems and streamline finance-related processes across the Subordinate Courts. Xchanging will study the existing processes and remove manual, paper based processes.

The system will be designed at Xchanging's development centre in Singapore, which delivers services to customers in the Government, Logistics & Financial services sectors. These services include IT development, solutions architecture and maintenance of existing application solutions.

Xchanging designs, builds and operates technology solutions for its customers. Xchanging brings a distinctive range of Intellectual Property (IP) assets and expertise to create innovative solutions faster and more cost effectively.

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About Xchanging

Xchanging is one of the largest and fastest growing business processors. With a wide range of multinational customers in 42 countries and employing over 8,000 people, we are a truly global company. Our aim is simply to provide business processing services better, cheaper and faster.

Xchanging provides procurement, accounting, human resources and technology services across industries. These include banking, insurance, manufacturing, retail and real estate among others. We combine functional expertise with deep industry domain knowledge to provide industry-specific outcomes for our customers.

Listed on the London Stock Exchange in 2007, the company is in the FTSE250, the index of mid-capitalised companies traded on the London Stock Exchange. Xchanging is also a member of the FTSE4Good index which measures the performance of companies that meet globally recognised corporate responsibility standards.


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Source: Xchanging via Thomson Reuters ONE

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