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.