Infosys Technologies on Wednesday signed a multi-million dollar outsourcing contract with Netherlands’ Royal Philips Electronics. As part of the agreement, Philips will enter into a multi-year contract with Infosys BPO to provide finance & accounting services and the processing of purchasing orders.
Infosys will also acquire three shared service centers located in India, Poland and Thailand from Phillips.
The contract is amongst the largest finance & accounting BPO engagements from India and will expand Infosys’ global network, particularly strengthening its European operations, Infosys said in a notice to NSE.
Infosys will gain around 1,400 Philips professionals, the company said.
Tags: infosys, philips, Royal Philips Electronics
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The policy of ‘distribution of work’ can be associated with outsourcing where the non-core processes of a firm are separated from the core ones and an external service provider is handed over the non-core job. There by two entities work on the same parameter, yet with different levels of importance.
Business Process Outsourcing Company