“Oxygen-Finance choose Atos Origin Private Label Services”
London, 21 June, 2007
Enabling organisations to more effectively manage expenditure Atos Worldline, an Atos Origin Company, is providing its Private Label services to Oxygen-Finance, a private held company that helps clients manage and control procurement activity. The Atos Worldline solution is critical to Oxygen-Finance's innovative solution that enables organisations to track procurement spend as revenue rather than cost. This in turn enables them to more effectively manage expenditure and so increase contract compliance with preferred suppliers.
“Atos Worldline demonstrated a strong track record in payment processing; a scaleable solution and the experience and expertise to extend the scheme outside the UK,” said David Brown, Chief Executive of Oxygen Finance. “All of which helps us to deliver financial and tangible benefits to our customers – a recurring new income stream, greater visibility of procurement expenditure, increased contract compliance and reduced accounts payable costs.”
Under the three year contract Atos Worldline will deliver its Private Label Business Account Service including applications processing, database management, transaction authorization, statement and invoice consolidation, payment collection and settlement processing. It will also provide a help desk to support technical queries and questions relating to the financial reconciliation of the Oxygen programme.
“We are delighted to be entering into a new business relationship with Oxygen and given that payment processing is fundamental to the Oxygen scheme, we are extremely confident that our leading Private Label services can strengthen Oxygen's position in the marketplace and benefit their customers,” said Peter Phillips, Business Unit Director, Electronic Payments & Card Processing, Atos Worldline in the UK.
Atos Worldline's Private Label Business Account Service provides companies that sell B2B products and services the opportunity to grow revenues and brand loyalty by offering its corporate customer's an easy mechanism and financial benefits for always using its products and services. The service effectively manages B2B customer relationships and provides business expense / purchase information in a streamlined, readily available and cost efficient way by means of web portal facilities.
About Atos Origin
Atos Origin is an international information technology services company. Its business is turning client vision into results through the application of consulting, systems integration and managed operations. The company's annual revenues are EUR 5.4 billion and it employs 50,000 people in 40 countries. Atos Origin is the Worldwide Information Technology Partner for the Olympic Games and has a client base of international blue-chip companies across all sectors. Atos Origin is quoted on the Paris Eurolist Market and trades as Atos Origin, Atos Euronext Market Solutions, Atos Worldline and Atos Consulting.
Atos Worldline, an Atos Origin company - Atos Worldline is a major European player in the processing of large-volume electronic exchanges, specialising in electronic payment services, CRM and e-services (internet, voice and mobile services). With the focus on technological innovation, Atos Worldline implements its solutions in processing or integration mode. On December 7th 2006, Atos Origin announced the acquisition of Banksys and Bank Card Company (BCC), creating a European leader in Payment services, with combined pro forma 2006 revenues of EUR 630 million and 4,000 employees.
About Oxygen Finance
Oxygen Finance Limited (www.oxygen-finance.com) is a privately held company, established in 2005 to provide customers with a unique new approach to managing and controlling procurement activity. Oxygen provides solutions for the large enterprise/public sector and SME sector, which are based around a single procurement driven payment network that enables customers to generate a recurring new revenue stream from their procurement spend.