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.

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
 

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.

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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.

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.

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.

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.
 

According to Dun & Bradstreet (D&B) India publication, India’s Top ITeS and BPO Companies 2008, the ITeS-BPO industry will be impacted by the existing financial crisis, but firms have already started taking initiatives to lessen that risk.

Affiliated Computer Services (ACS) plans to increase its Indian headcount by 1,000 over the next eight months, recruiting about 500 professionals at its Noida-based facility, which should be operational within three months. Aman Mustafa, VP and Country Head, ACS India, said the company is signing contracts with existing and new clients despite the economic downturn, now acknowledged as an official recession in the U.S.