Capgemini signs five-year BPO agreement with NXP

Capgemini signs five-year BPO agreement with NXP

Mumbai: Consulting, technology and outsourcing services major Capgemini on 24 September said it has signed an agreement with NXP Semiconductors to provide end-to-end finance and accounting (F&A) services.

NXP Semiconductors is an independent semiconductor company founded by Philips.

Under the terms of the five-year agreement, around 110 professionals, based in different Indian cities, will join Capgemini’s BPO centre in Chennai starting October.

This will strengthen Capgemini’s capabilities to provide F&A services, including procure-to-pay and record-to-report, and brings the number of dedicated BPO experts in the country to nearly 1,500, a company release said here.

“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 F&A services...," Capgemini India’s executive chairman Salil Parekh said.

“We believe we have the right blend of transaction process expertise, industry knowledge and technology innovation skills to enable NXP push the boundaries of excellence in quality, business agility and risk management," he noted.

This agreement is the 20th F&A BPO deal won by Capgemini in the last three years.

NXP’s Group Controller Paul de Koning said, “this new contract gives us a more flexible platform to meet our programme goals strengthening our position in the marketplace and iomproving service quality to our clients."