IBM offers F&A services for PepsiCo India

By : |April 6, 2011 0

[image_library_tag 840/15840, align=”left” title=”IBM” border=”0″ hspace=”7″ alt=”IBM” vspace=”7″ width=”150″ height=”113″ ,default]NEW DELHI, INDIA: IT giant IBM on Thursday announced that it is providing Finance and Administration (F&A) Shared Services for PepsiCo India (PI) in order to help the food and beverage firm to focus on growth in the booming Indian consumer marketplace.

In 2009, PepsiCo India and IBM signed a five-year business process services agreement. Under the terms of the agreement, IBM Global Process Services business will help PI centralize its financial processes across multiple plants, office locations and business units under a single shared services operation, said a press release.

The agreement covers payments, revenue and reporting processes and will help PI enhance governance, drive standardization and simplification and create value through increased productivity, the release added.

Also read: IBM to launch virtual desktops on April 10

Kimsuka Narasimhan, chief financial officer, PepsiCo India, said, “India is one of the most important markets for PepsiCo. It is large and complex and the core objective of the finance function will be to partner with the business in strategic decision making and provide thought leadership without the additional distraction of managing routine transaction processing.”

“We have chosen IBM to run our transaction and accounting processes. IBM will bring their tools and expertise and help PepsiCo enhance its governance while providing innovative solutions through superior analytics and productivity opportunities,” he added.

Darren Oberst, vice president, IBM global process services, India, said, “This is a highly strategic project for both IBM in India and PepsiCo India and represents a great example of innovation being led by India. It ‘reinvents’ the F&A outsourcing value proposition from a traditional focus on labor arbitrage by moving work from global operations to India.

He added that the engagement looks at India-to-India outsourcing as a vehicle for enhancing process quality, process standardization, business model agility and creating a scalable platform for growth in one of PepsiCo’s fastest growing markets in the world.

IBM offers end-to-end F&A solutions covering accounts payable processes, global expense reporting solutions, order-to-cash processes, payment systems solutions and record-to-report processes. These solutions help reduce the complexity of financial operations to make enterprises more scalable, agile and efficient.

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