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Infosys BPO today announced that it has been selected by AkzoNobel, a leading global paint and coatings company and a major producer of specialty chemicals, to transform their finance and accounting (F&A) processes to deliver higher operational efficiencies and performance.
Infosys BPO will play a key role in accelerating AkzoNobels finance transformation program and streamline accompanying operations for AkzoNobels decorative business in over 30 countries across Europe, the Middle East and Africa.
Infosys BPO will consolidate the F&A processes at AkzoNobel. They will leverage proven business process management & technology solutions to accelerate operational efficiencies, improve controls and drive optimization.
Infosys BPO will deliver the services out of its global delivery centers in Poland and India, in multiple European languages including Dutch, English, French, German, Italian, Spanish and Swedish.
This win reiterates Infosys BPOs leading credentials in the complex global F&A transformation market globally and in Europe.
Hans De Vriese, Corporate Director Control AkzoNobel saidIn our challenging business environment, AkzoNobel needs to deliver leading performance. Our business expects Finance to deliver high quality services more efficiently, and our goal is to concentrate our Finance transaction processing into a shared services model. Infosys was selected by AkzoNobel to accelerate this change, to provide their broad knowledge and experience in our transformation program, and to partner with AkzoNobel in achieving best in class performance.
Gautam Thakkar, Chief Executive Officer and Managing Director, Infosys BPO saidTo succeed in a dynamic business environment, organizations like AkzoNobel need to be focused on their core business. They are looking to partner with experts to manage the supporting operations needed to keep their business running smoothly. Infosys BPO will put into play the deep knowledge and wide experience of managing finance and accounting processes for leading organizations globally to support AkzoNobel in transforming their existing processes to realize enhanced business value.
India Infoline News Service / 14:51, Aug 19, 2014
Q1 revenues declined 0.9% qoq vs our estimate for a 1.8% qoq on the back of weakness in global operations whose revenues declined 14.9% qoq and 5.1% yoy.