Computer Hardware:Kodak and IBM Sign Deal to Transform and Manage Key Business Functions18 October 2005
Eastman Kodak Company and IBM today announced that they have reached a definitive five-year agreement for IBM to provide a broad range of business support services to Kodak.
Under the terms of the agreement, which were not disclosed, IBM will operate a broad range of business support functions for Kodak, including payroll services and credit and collections management, among others. Kodak expects to realize millions of dollars in operating and capital cost savings, while driving greater business flexibility and responsiveness in these process areas.
This agreement is part of Kodak's broader effort to create a business model that is competitive in digital markets. This move will help Kodak to reduce administrative costs while benefiting from the improved delivery of business services from IBM.
"Kodak has a huge opportunity in the digital world, and we are transforming our company and our brand to make sure we do all we can to take advantage of the opportunity," said Mark V. Gulling, Director, Global Shared Services, and Vice President, Eastman Kodak Company. "This agreement is a key part of our transformation because it will allow us to streamline our business processes and increase cost savings while freeing up resources to focus on our core imaging businesses."
"IBM and Kodak have enjoyed a long history of working together and the opportunity to provide business transformation services to Kodak extends our strong relationship," said Dave Simpson, Vice President of BTO for Business Consulting Services at IBM. "IBM will work with Kodak to optimize business performance and create long-term economic benefits, enabling Kodak to focus on its strategic business goals and further its transformation."
About Eastman Kodak Company
Kodak is the leader in helping people take, share, print and view images -- for memories, for information, for business, and for entertainment. With sales of $13.5 billion in 2004, the company is committed to a digitally oriented growth strategy focused on four businesses: Digital & Film Imaging Systems -- providing consumers, professionals and cinematographers with digital and traditional products and services; Health -- supplying the medical and dental professions with traditional and digital imaging and information systems, IT solutions and services; Graphic Communications -- providing customers with a range of solutions for prepress, traditional and digital printing, and document scanning and multi-vendor IT services; and Display & Components -- supplying original equipment manufacturers with imaging sensors as well as intellectual property and materials for the organic light-emitting diode (OLED) and LCD display industries. More information about Kodak is available at www.kodak.com.
About IBM Business Consulting Services
With consultants and professional staff in more than 160 countries globally, IBM Business Consulting Services is the world's largest consulting services organization. IBM Business Consulting Services provides clients with business transformation and industry expertise, and the ability to translate that expertise into integrated, responsive, on-demand business solutions and services that deliver bottom-line business value. Over the past several years, IBM Business Consulting Services has developed industry-leading transformation consulting skills and delivery capabilities in key areas, including Human Resources, Financial Management, Customer Relationship Management and Procurement. For more information, visit http://www.ibm.com.
Source: ibm.com
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