Companies

Sundaram Finance BPO arm bags 5 deals

PTI Chennai | Updated on September 23, 2013 Published on September 23, 2013

Sundaram Business Services, the BPO subsidiary of Sundaram Finance, has bagged five deals from Indian and Australian companies and the firm will hire 150 people in the next 12 months.

“Sundaram Business Services announced that the company, which employs over 1,100 people, will be hiring another 150 people in the accounting space for its BPO facilities in Chennai and Mumbai over the next 12 months,” the company said in a release.

Outsourcing deals

The Chennai-based firm has also bagged five outsourcing deals for accounts payable solutions from companies in India and Australia.

SBS offers end-to-end accounts payable processing, which includes processing and summarising payments to vendors, as well as employee expense reimbursements.

“Over the next 12 months, the company is targeting to add 6-8 new customers for its accounts payable offering that will involve handling at least an additional 100,000 transactions annually,” the release said.

Besides, SBS also signed an accounts payable processing deal with a global industrial projects company that will in itself add 40,000 transactions per year.

Founded in 2001, Sundaram Business Services focuses on geographies like Asia, Australia, the UK and the US. It provides contact centre support and back-office support services to NBFC, wealth management, insurance and healthcare verticals and also caters to finance, accounting & payroll horizontals.

Published on September 23, 2013
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