) is determined to leave no stone unturned in its pursuit of
growth. In another attempt to diversify away from its PC-centric
business, the company has recently come up with a new business
process outsourcing (BPO) solution, AutoFlow. This solution will
be offered under H-P's Enterprise Services segment.
H-P AutoFlow will automate financial, accounting and certain
other business processes to facilitate smooth functioning. The
company is quite confident that the solution will be competent on
any Enterprise Resource Planning (ERP) platform and can even help
the system to organize workflow in a better way. An ERP platform
is a business management solution that streamlines business
processes through a system of integrated applications.
H-P has combined its rich BPO experience and features of the
Omniflow workflow solution developed by Newgen Software
Technologies, a provider of business process management (BPM) and
enterprise content management (ECM) solutions.
AutoFlow is also armed with H-P's Document Processing Service,
which will help an organization to manage its files and records.
Overall, the solution can be used as an efficient tool to improve
process automation and reduce costs so that clients can shift
their focus to other sources of revenue generation.
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H-P also introduced three desktop printers targeting small and
medium businesses (SMBs). Due to limited resources, these SMBs
always look for better options at an affordable price. H-P's
highly scalable and cost optimized printers will be able to meet
the increasing demand from the SMBs.
We believe that H-P could have a bigger share in the inkjet
printer market with these new offerings and primarily due to
) exit from the market.
The new product launches are encouraging but we think revenue
flow from this could get delayed due to a tough spending
Currently, H-P has a Zacks Rank #3 (Hold).
Due to a lackluster PC market and overall macro uncertainty, most
of the technology stocks are not performing well. But we could
3D Systems Corp.
), both of which have a Zacks Rank #2 (Buy).