Statement Processing

Capgemini Signs Deal with Bunge Limited

DebbieBolla — Fri, 06 Nov 2009 08:46:35 -0600

Capgemini announced a seven-year engagement with global agribusiness and food company Bunge Limited. Capgemini will support Bunge’s finance operations through finance and accounting (F&A) services. Aligned with its Rightshore® global delivery model, Capgemini will provide select front-office, customer-facing functions, as well as specialized activities in some geographies, including global transactions, master data, and issue resolution.

Creative Sourcing

DebbieBolla — Tue, 01 Sep 2009 14:06:16 -0500

In challenging times, a select gathering of corporate leaders addressed the key milestones and decisions as the market prepares for new growth.

By Peggy Cope

FAO Summit North America

DebbieBolla — Tue, 01 Sep 2009 13:43:39 -0500

Join us in Tampa, FL, for an FAO event that will help your business take the next steps forward in F&A sourcing, as John Sununu Takes the Spotlight.

FAO Today 2009 Resource Guide

DebbieBolla — Mon, 11 May 2009 13:51:35 -0500

Search our list of more than 600 vendors in 16 different FAO domains.

Satyam Chair Resigns Amid Financial Fraud Scandal

admin — Thu, 15 Jan 2009 18:00:00 -0600

In something of a cautionary tale for outsourcing services providers, Satyam Computer Services, the fourth largest Indian outsourcing company that currently serves more than a third of the Fortune 500 companies, confessed this week that it had significantly inflated its earnings and assets for years. On Jan.

Watch for Two Big BPO Deals for TCS

admin — Wed, 14 Jan 2009 18:00:00 -0600

Remember that deal late last year, when Tata Consultancy Services (TCS) bought Citigroup's BPO arm, Citigroup Global Services? Well, word is we can expect to see a couple of multimillion-dollar BPO contracts in the wake of that acquisition. Details are not available yet, but stay tuned for more information in the near future.

Expanding European Presence, OPI Opens 2nd Bulgaria Center

admin — Fri, 19 Dec 2008 18:00:00 -0600

Outsource Partners International (OPI), a provider of finance and accounting outsourcing (FAO) services, has expanded its European operations with the establishment of its second BPO service center in Black Sea port city of Varna, Bulgaria. The center will cater to the ocean transportation industry. Further, the location of the center will assist OPI in recruiting professionals with expertise in the maritime and shipping industries along with providing cross-training to existing employees.

SAS Airlines Renews Multi-year Contract With WNS

admin — Thu, 18 Dec 2008 18:00:00 -0600

WNS Holdings Limited, a provider of global business process outsourcing (BPO) services, has signed a six-year contract with SAS Airlines, the largest airline company in Scandinavia. This new contact is a renewal of WNS’ existing five-year agreement to provide passenger revenue accounting services for SAS.

Wipro To Expand Australian Operations As Rules Relax Concerning Gov't Outsourcing

admin — Tue, 09 Dec 2008 18:00:00 -0600

Indian BPO providers will now be able to bid for leading Australian government contracts. Earlier, federal contracts were not awarded to overseas companies in Australia because of security accreditation issues. These restrictions were recently waived after the Gershon review was presented to the Australian government; it stated that all government departments (excluding the defense department) could outsource operations to multinational companies.

HCL BPO Plans to Increase Growth Through Strategic Acquisition

admin — Tue, 09 Dec 2008 18:00:00 -0600

HCL BPO, the BPO division of Indian IT services provider HCL Technologies, is planning acquisitions (target companies undisclosed) to shift focus from voice-based services to transaction-based services. The move will also assist the company in increasing revenues without increasing headcount. The company is expected to decrease dependence on voice-based services from the current 70 percent to about 50 percent over the next few years.