Infosys signs multi-year global BPO contract with Philips
- Infosys BPO has entered into a landmark multi-million dollar outsourcing contract with Royal Philips Electronics (Philips).
- Infosys BPO will acquire Philips' Shared Services Centers in India, Poland and Thailand to provide a wide range of finance, accounting and non-product procurement services to Philips.
The Infosys BPO-Philips contract is among the largest finance and accounting BPO engagements from India. It reinforces the company’s leadership position in transformation-based BPO services. It has recorded over 70 percent revenue growth and a significant increase in its client base in FY 2007 – 08.
"Infosys clearly demonstrated a willingness to invest in people with a strong HR process, better solution quality, ability to leverage end-to-end process improvements, and a robust risk mitigation and transition plan. Their leadership capabilities were clearly evident in all interactions and proposal submissions, with a strong focus on the customer."
Chief Strategy Officer and Group Controller for Royal Philips Electronics
"Global corporations require transformation partners like Infosys to enhance their competitiveness in the flat world. We are excited to partner with Philips to take their F&A and procurement functions to the next level of transformation."
S. Gopalakrishnan (Kris)
CEO, Infosys Technologies Limited