By Narayan Ammachchi
French BPO giant Capgemini has landed a lucrative outsourcing contract with Swedish high-tech firm Sandvik.
Under the agreement, Capgemini will process the Sandvik’s financial transactions (F&A) at its delivery centers in Brazil, Poland, China and India. Neither firm has disclosed the financial details of the deal.
The French company stated in a press release that it would streamline accounting processes and help Sandvik adopt global financial standards. The relationship between Capgemini Group and Sandvik is not new but, according to analysts, this is the first outsourcing contract that the Capgemini has won from the Swedish company.
“We feel a strong cultural connection between the two organizations and are very excited about the collaboration between Sandvik and Capgemini over the coming years,” stated Hubert Giraud, CEO for Global Business Process Outsourcing at Capgemini.
Capgemini – which reported US$13.5 billion in revenue last year – has over 9,000 FAO professionals working across 27 delivery centers across the world.