Xerox will serve as the preferred global imaging
partner for IBM Managed Business Process Services (MBPS), a unit of IBM Global
Technology Services.

IBM MBPS automates and standardizes back-office functions in areas such
as finance and accounting, human resources, customer relationship management,
payroll and expense reporting. IBM will leverage Xerox’s global document
management services to give clients digital access to information currently
stored in paper-based documents.

Efficiency gains include faster document search and access, improved
quality control, and lower storage, overhead and inventory-related costs.

“This partnership will significantly improve service delivery, support
continued client growth and reduce costs to keep us competitive,” said Larry
Huffman, vice president, Global Business Process Delivery for IBM MBPS.

“Together our business process expertise will enable greater cost efficiencies
and faster response times across clients’ businesses.”

Xerox operates scanning, imaging and repository centers around the globe,
including Canada, the Netherlands, Spain, the U.K., Brazil, Japan, Romania,
and the U.S.

“Sound document management is critical to improve efficiencies across the
enterprise,” said Stephen Cronin, president, Xerox Global Services. “Xerox’s
global imaging and document management services combined with IBM’s business
process outsourcing prowess is a powerful mix – giving clients a competitive
advantage and measurable ROI.”