Mid-tier information technology (IT) services company Larsen & Toubro Infotech (LTI) has announced a strategic partnership with Perth, Australia based business solutions provider DyFlex Solutions.
Under the partnership, a statement said, the Mumbai headquartered company will work with DyFlex to offer an enterprise resource planning (ERP) solution to companies operating in the engineering, construction, and operations (EC&O) industries.
The full suite business solution will help these companies manage various aspects of their operations, regardless of size. Plus, it would also be quick to implement and cost-effective, the statement said.
“LTI is excited to partner with DyFlex Solutions to deliver digital transformation programmes for our joint EC&O customers and support their digital transformation journey,” Deepak Khosla, CBO for emerging markets at LTI, said.
“DyFlex has consistently delivered high-quality outcomes, and we see them as the perfect partner in Australia. LTI derives deep expertise in the EC&O sector from its long-standing history and relationship with the L&T Group. DyFlex and LTI will together solve complex industry challenges by combining industry expertise and digital capabilities with a strong SAP partnership,” he added.
The partnership between the two firms comes as EC&O firms continue to struggle due to skilled labour shortages, tight margins, and uneven cash flow in the current business climate. Effective ERP solutions, capable of optimising operations and providing rapid project visibility, could minimise some of these risks and help firms stay competitive.
Commenting on the association, Peter Lander, managing director at DyFlex Solutions, said, “Tighter margins and cash flow pressures, combined with project risk and skilled labour shortages, require accurate levels of planning and forecasting like we’ve never seen before. LTI’s technology combined with DyFlex Solutions’ many years of experience working with organisations focused on projects and assets is a perfect combination that presents great value to the EC&O sector.”
Just a week ago, LTI announced a partnership with Boston-based Duck Creek Technologies to help property and casualty insurance carrier Mutual Benefit Group move its core systems to a SaaS-based model. The company has also expanded its alliance with IBM to help customers with hybrid cloud adoption, as well as migrate and modernise their core business applications through IBM’s cloud offerings.