Capgemini, one of the world's leaders in consulting, technology and outsourcing services, has announced that it has signed a five-year agreement with NXP Semiconductors, the independent semiconductor company founded by Philips, to provide end-to-end Finance and Accounting (“F&A”) services, including Procure-to-Pay and Record-to-Report.
Under the terms of the agreement, which expands the existing long-term relationship between the two companies, approximately 110 professionals, who are currently based in India , will join Capgemini's Business Process Outsourcing (“BPO”) Excellence Delivery Centre in Chennai , India starting October 1, 2007. This will strengthen Capgemini's capabilities to provide F&A services, and brings the number of dedicated BPO experts in India to nearly 1,500.
"The selection of Capgemini by NXP is a strong indicator of the growing confidence and belief our clients have in our ability to deliver end-to-end Finance and Accounting (“F&A”) services using our Rightshore BPO delivery network,” said Salil Parekh, Executive Chairman, Capgemini India . “ We believe that we have the right blend of transaction process expertise, industry knowledge and technology innovation skills to enable NXP push the boundaries of excellence in parameters related to quality, business agility, and risk management."
This deal is the 20th F&A BPO deal won by Capgemini in the last three years and illustrates the company's leadership position in this market. NXP selected Capgemini as its long-term BPO partner to support its Business Renewal Program, which focuses on high performance, operational excellence and an asset-light strategy.
Capgemini brings industry expertise and proven delivery capabilities to deliver more flexibility in NXP's back-office operations. Paul de Koning, Group Controller at NXP said, “This new contract gives us a more flexible platform to meet our program goals strengthening our position in the marketplace and improving service quality to our clients.”
Capgemini had already successfully implemented the SPEED solution (Superior Production Execution through ERP Deployment), based on SAP, for NXP in 2000. “We have worked successfully with Capgemini for many years, including the support of our global SAP rollout and the implementation of our procurement centre in Manila, Philippines,” de Koning said.
This contract follows Capgemini's recent introduction of a 3rd Generation of BPO services globally. Known as BPO with Business Insight, Capgemini combines unique Business Insight processes with the innovative use of business intelligence tools and deep industry knowledge. These solutions deliver excellence in bottom-line optimization, and through analytics and business intelligence tools, they unlock the hidden value in basic BPO workflow, delivering Business Insight that can drive value to the top line. Uniquely, Capgemini's BPO with Business Insight can support both bottom line and top line performance improvements, taking BPO far beyond cost reduction. |
