Finance and Accounting Ops deal for Capgemini

PARIS: Capgemini, a provider of consulting, technology and outsourcing services, has announced that Capgemini America Inc., its North American subsidiary, has been selected by NBCUniversal International (NBCUI), the international arm of a media and entertainment company, to deliver business process outsourcing (BPO) services to help standardize and optimize its finance and accounting operations.

With this newly signed contract, Capgemini now provides BPO services to four of the top five companies in the media and entertainment industry, it adds.

As part of the project, Capgemini aims to provide NBCUI with services in general accounting, accounts payable and accounts receivable via Capgemini Global Delivery Centers, while partnering with NBCUI's finance team across its international divisions. Using Capgemini's Global Enterprise Model1, NBCUI claims it will benefit from the accelerated adoption of global finance standards, streamlined processes and the enhanced performance of its transactional finance activities, driving working capital and cash flow improvements, as well as better customer and partner insights.

"Capgemini has a strong track record of working with many of the world's largest media and entertainment companies, and we're excited to support an integral part of NBCUI's key operations," said Brenda Heath, Head of Capgemini BPO's Media and Entertainment business unit. "The combination of our people, integrated solutions and Global Enterprise Model approach will help drive best-in-class operating performance for NBCUI's finance and accounting functions."

Key finance and accounting services that Capgemini intends to provide to NBCUI include Procure-to-Pay (P2P), Order-to-Cash (O2C) and Record-to-Analyze (R2A). In addition, the implementation of new command center capabilities will help provide NBCUI with clear insights into its finance and accounting activities.