Paris, France, September 19, 2007 - Capgemini, one of the world’s leaders in consulting, technology and outsourcing services, today announced that it has signed a five-year agreement with NXP Semiconductors, the independent semiconductor company founded by Philips, to provide end-to-end Finance and Accounting ("F&A") services, including Procure-to-Pay and Record-to-Report. Under the terms of the agreement, which expands the existing long-term relationship between the two companies, approximately 110 professionals, who are currently based in India, will join Capgemini’s Business Process Outsourcing ("BPO") Excellence Delivery Centre in Chennai, India starting October 1, 2007. This will strengthen Capgemini’s capabilities to provide F&A services, and brings the number of dedicated BPO experts in India to nearly 1,500.
"This agreement with NXP is another step in expanding our Rightshore® BPO delivery network, which now spans the globe with centres in Eastern Europe, China and India," said Hubert Giraud, Global Head of BPO for the Capgemini Group. "This deal is the 20th F&A BPO deal won by Capgemini in the last three years and illustrates our leadership position in this market, as well as our ability to provide process best practice, technological innovation and value enhancing benefits to our clients’ operations."
NXP selected Capgemini as its long-term BPO partner to support its Business Renewal Program, which focuses on high performance, operational excellence and an asset-light strategy. Capgemini brings industry expertise and proven delivery capabilities to deliver more flexibility in NXP’s back-office operations. "Paul de Koning, Group Controller at NXP said, "This new contract gives us a more flexible platform to meet our program goals, strengthening our position in the marketplace and improving service quality to our clients."
Capgemini had already successfully implemented the SPEED solution (Superior Production Execution through ERP Deployment), based on SAP, for NXP in 2000. "We have worked successfully with Capgemini for many years, including the support of our global SAP rollout and the implementation of our procurement centre in Manila,Philippines" de Koning said.
This contract follows Capgemini’s recent introduction of a 3rd Generation of BPO services globally. Known as BPO with Business Insight, Capgemini combines unique Business Insight processes with the innovative use of business intelligence tools and deep industry knowledge. These solutions deliver excellence in bottom-line optimization, and through analytics and business intelligence tools, they unlock the hidden value in basic BPO workflow, delivering Business Insight that can drive value to the top line. Uniquely, Capgemini’s BPO with Business Insight can support both bottom line and top line performance improvements, taking BPO far beyond cost reduction.
NXP is a top 10 semiconductor company founded by Philips more than 50 years ago. Headquartered in Europe, the company has 37,000 employees working in more than 20 countries and posted sales of EUR 5 billion in 2006. NXP creates semiconductors, system solutions and software that deliver better sensory experiences in mobile phones, personal media players, TVs, set-top boxes, identification applications, cars and a wide range of other electronic devices. News from NXP is located at www.nxp.com.
Capgemini, one of the world's foremost providers of Consulting, Technology and Outsourcing services, enables its
clients to transform and perform through technologies. Capgemini provides its clients with insights and capabilities
that boost their freedom to achieve superior results through a unique way of working, which it calls the
Collaborative Business Experience. Capgemini reported 2006 global revenues of EUR 7.7 billion (approx. US$10
billion) and employs more than 80,000 people worldwide. More information is available at www.capgemini.com.