Financial Daily from THE HINDU group of publications
Wednesday, May 10, 2006
Financial Daily from THE HINDU group of publications Wednesday, May 10, 2006 |
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Info-Tech
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Outsourcing Genpact bags GSK deal for US ops Our Bureau
New Delhi , May 9 Business services and technology solutions company Genpact today said it has signed a five-year agreement to provide select finance and accounting services for GlaxoSmithKline's (GSK) US based operations. Genpact began providing similar services to the company's UK-based operations, last year. "Genpact will now support US-based accounts payable, fixed assets, general accounting, process planning, travel and expense, and business applications support for GSK. The transition of these services will occur throughout 2006, with GSK maintaining a small staff to oversee the operations on an ongoing basis," a Genpact statement said here. Commenting on the win, Mr Pramod Bhasin, President and CEO of Genpact, said: "This agreement marks another major milestone in our growing relationship with GlaxoSmithKline worldwide. We look forward to working with GSK to help drive continuous improvement and productivity for the global healthcare major." The company did not divulge the size of the deal.
More Stories on : Outsourcing | Glaxosmithkline Pharmaceuticals Ltd
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