The Hindu Business Line : Indo Rama, Accenture sign outsourcing pact

The agreement is designed to help Indo Rama improve business efficiency by allowing the company to focus on its core activities while adopting global practices, leading to overall cost savings, said an Accenture press release. However, the company did not disclose the deal size.

As part of the deal, Accenture will deliver financial transaction processing and financial management reporting services. Around 90 Indo Rama employees will transition to Accenture, the company said.

Indo Rama's Managing Director, Mr O.P. Lohia, said the deal with Accenture was a significant step in the company's ongoing drive to streamline finance and accounting processes.

"By outsourcing non-core transactional functions and allowing Accenture to manage these, we are achieving our objective of focusing on our core business," he added.

"Indo Rama is also expected to realise some cost savings over the tenure of the contract compared with doing the work in-house," said Mr Ajit Kumar, a partner in Accenture's Resources operating group in India.

"Accenture brings significant benefits - cost savings, cash flow improvements and service improvements - through our best practices and proven management processes and tools," he added.

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