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After the Australian BPO market, the Chennai-based Sundaram Business Services (SBS) is now foraying into the UK market, the second biggest BPO market in the world after the US.
SBS is the BPO arm of Sundaram Finance Ltd.
According to a press release from the company, it will offer niche services in areas such as fund accounting and equity research support to mid-size accounting firms, broking houses and hospitality companies that have an outsourcing requirement of 10-50 seats. There are around 3,000 accounting firms and the company believes that there is a huge potential to be tapped.
Going forward, SBS will expand its service offerings for the UK market to include CFO support services across various industry verticals as well as provide back-office support for the financial services industry, such as application and claims processing for insurance companies and loan processing for mortgage companies.
SBS is already in talks with potential customers in the accounting space, added the release.
Commenting on the development, Rajesh Venkat, CEO, said SBS has a proven track record with a strong and established customer base in the Australian market, and “we are confident of replicating the Australian success with our customers in the US”.
ravikumar.ramanujam@thehindu.co.in
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