BIG win for Narayana Murthy’s Infosys as it gets Rs 14000 crore contract from…; set to deliver…
Infosys will deliver a new workforce management system for the NHS in England and Wales.
Indian IT major Infosys has bagged a contract worth around Rs 14,137 crore from the NHS Business Services Authority (NHSBSA). The IT specialist will deliver a new workforce management system for the NHS in England and Wales, the company said in a regulatory filing. “We are honored to be selected by NHSBSA to drive generational change through the Future Workforce Solution,” said Salil Parekh, CEO and MD, Infosys.
What will Infosys do under the agreement?
Under the 15-year agreement, Infosys will develop a cutting-edge, data-driven workforce management solution to replace the current Electronic Personnel Record (ESR) system. The new solution will continue to manage the payroll of 1.9 million NHS workers in England and Wales.
What does the new solution offer?
Powered by artificial intelligence (AI) and advanced analytics, the solution will cover the entire employee lifecycle, from recruiting and onboarding to payroll, career progression and retirement. It is designed to simplify workforce planning, support data-driven decision-making and provide NHS staff with an intuitive, self-service experience. The Future NHS Workforce Solution supports the NHS 10 Year Health Plan and its mission to create a workforce fit for the future.
Market cap of Infosys
The IT firm currently has a market capitalization of 6.17 lakh crore as of October 14. The NHS contract represents one of the most significant long-term public sector contracts in Europe.
What is the NHS Business Services Authority (NHSBSA)?
NHSBSA is a subsidiary body of the Department of Health and Social Care and provides a range of critical central services to NHS organisations, NHS contractors, patients and the public. Its aim is to deliver business service excellence to the NHS to help people live longer, healthier lives, and its vision is to be a national, large-scale provider of business services for the health and social care system.
