Mumbai: Wipro Ltd, India’s third largest software services exporter, has announced a global alliance with Chesapeake System Solutions Inc., a US-based financial software solutions company.

As part of the partnership, Wipro will offer Chesapeake’s suite of financial software solutions.

“We see a huge demand for finance organizations that want a one-stop shop for our suite of products, which deliver tangible cost and cash benefits in transactional finance, treasury and working capital," said Peter C. Vogelberger, president and chief executive officer, Chesapeake.

“Many of our clients across industry sectors within the chief financial officer’s organization are looking for a higher level of maturity to automate and simplify their finance and accounting business processes and more effectively support core business activities," said Tomas Romero, global finance and accounting transformation practice leader, Wipro Consulting Services.

Wipro shares closed 1.35% down at 567, while the benchmark Sensex ended 0.90% lower at 26,816.56 points.