Exult and Deloitte & Touche Enter Into Strategic Alliance to Provide World Class International Assignment Services

Business Wire, Feb 27, 2001

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--Feb. 27, 2001

Deloitte & Touche GlobalAdvantage to Power

Exult's Web-Enabled International Assignment Technology Services

Exult, Inc. (NASDAQ:EXLT), a provider of web-enabled, integrated services designed to manage the HR function for Global 500 corporations, and Deloitte & Touche LLP, one of the nation's leading professional services firms, today announced that they have entered into a strategic alliance aimed at providing world class, cost-effective international assignment technology and consulting services to Exult's clients.

International assignment services are a critical component of the integrated HR services that Exult provides to its global client base. These services encompass the technology, process improvement, and policy and administrative support required by these organizations to effectively manage populations of employees on international assignment. Under the agreement, Exult will integrate Deloitte & Touche GlobalAdvantage into its web-enabled service delivery model to provide enhanced self-service capabilities to expatriates located around the world. Exult will also utilize Deloitte transition and implementation consultants to assist clients in migrating to Exult's expatriate service delivery approach.

Deloitte & Touche GlobalAdvantage is an advanced international assignment management system designed to streamline expatriate administration processes by incorporating all of the activities for managing international assignments. These processes include assignment planning, initiation and administration; budgeting and cost management; relocation and repatriation; payroll and remuneration; home and host country tax; reporting; and, tax servicing. GlobalAdvantage is a client server application that can be seamlessly integrated with enterprise systems such as PeopleSoft, SAP and other applications in the human resources, finance & accounting and payroll area.

Exult will install and use Deloitte & Touche GlobalAdvantage in its four global Client Service Centers to deliver international assignment process management services under Exult client contracts that include these services in scope. Exult's four Client Service Centers are located in Houston, Texas; Charlotte, North Carolina; Glasgow, Scotland; and Pasadena, California.

Steve Unterberger, executive vice president of service delivery for Exult, said, "We are very pleased to have Deloitte & Touche join us as a strategic partner. Our team reviewed the premier market offerings in this area, focusing on identifying a best-in-class product set with proven implementation and consulting expertise to support the large-scale international assignment needs of our Global 500 client base. We feel that Deloitte & Touche brings this expertise and recognizes the enormous opportunity we both have in bringing solutions to the Global 500 that are integrated with Exult's comprehensive HR process management services. We intend to explore other areas of collaboration that could benefit from the specific technology and consulting expertise both companies bring to HR process and human capital management."

Tracey Edwards, global managing partner of the Deloitte & Touche IAS practice, said, "We are excited to be Exult's choice to provide the international assignment solution. As the world's leading HR outsourcer, Exult is successfully offering its clients a value-driven service delivery model -- a model that we are proud to be a part of."

About Exult:

Headquartered in Irvine, California, Exult, Inc. offers eHR, a comprehensive, web-enabled, integrated service designed to manage the entire human resources department for Global 500 corporations. Exult's strategy is to transform Global 500 HR departments by implementing and operating scalable web-based process management solutions across many HR business processes. Exult uses its myHRSM web portal, shared client service centers, best practices expertise, and expert HR process consulting capabilities to help Global 500 corporations increase the productivity of their human capital, convert HR spending to a variable cost basis, and reduce the overall cost of HR management and administration. For more information, visit Exult's web site at: www.exult.net.

About Deloitte & Touche:

Deloitte & Touche's International Assignment Services (IAS) team has more than 1,000 international human resource, tax, and technology professionals assisting organizations in meeting their global workforce needs. IAS offers comprehensive services -- assignee tax planning and compliance, international policy design, program administration, tax equalization administration, pre-departure and assignment support, employee communications and more.

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for four consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world's leading professional services firms, with more than 92,000 people in over 135 countries. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.