PARIS, Sept. 6, 2016 /PRNewswire/ -- Capgemini, a global leader in consulting, technology and outsourcing services, has secured a five-year contract extension from Wolters Kluwer, a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Under the terms of the agreement, Capgemini will continue to deliver Finance and Accounting (F&A) services, including elements of Procure-to-Pay (P2P)1, Record-to-Report (R2R)2, and Order-to-Cash (O2C)3 to Wolters Kluwer's businesses across the globe from its delivery centers in Bangalore, Krakow and Guatemala City.
Leveraging Capgemini's Global Enterprise Model4 and proven expertise in the media and entertainment sector, Wolters Kluwer will continue to benefit from enhanced business processes and standardization across multiple geographies, as well as increased visibility and centralized reporting.
"Capgemini has been a longstanding and trusted business partner for Wolters Kluwer, and we're excited to support an integral part of its key operations," said Brenda Heath, Head of Capgemini's Business Services for the Americas. "Our team's diverse ranges of expertise, together with the breadth of services we can deliver, position us well to help Wolters Kluwer with best-in-class operating performance for its finance and accounting functions."
Sander van Dam, Senior Vice President, Accounting & Control and CFO for Global Business Services at Wolters Kluwer: "Customers are at the center of everything we do. We provide solutions that support them best and our partnership with Capgemini contributes to that. Wolters Kluwer looks forward to continuing to build on our strong partnership with Capgemini. Its team members are an essential part of our Finance & Accounting organization and play an important role in meeting our operational objectives."
With more than 180,000 people in over 40 countries, Capgemini is a global leader in consulting, technology and outsourcing services. The Group reported 2015 global revenues of EUR 11.9 billion. Together with its clients, Capgemini creates and delivers business, technology and digital solutions that fit their needs, enabling them to achieve innovation and competitiveness. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore®, its worldwide delivery model.
Learn more about us at www.capgemini.com.
Rightshore® is a trademark belonging to Capgemini
1 Procure to Pay (P2P): Procurement, Operational Procurement, Vendor Order Management, Invoice Processing, Vendor Compliance, Payments.
2 Record to Report (R2A): General Accounting, Reconciliation, Fixed Assets, Tax (VAT and Income), Treasury Accounting, Cash flow reporting, Regulatory & Investor Relations Financial Reports
3 Order to Cash (OTC): Order management. Credit management. Billing. Cash collections. Chargeback. Disputes and deductions. Cash application. Reporting and analysis
4 Capgemini's Global Enterprise Model (GEM) is a transformation methodology comprised of 7 levers including grade, location and competency mix, Global Process Model, technology, pricing and governance, all of which are calibrated according to each client's specific needs.
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