Accenture to handle Indo Rama's non-core finance functions

Accenture, the $11.8 billion global management consulting, technology services and outsourcing company has entered into an agreement with Indo Rama, a leading domestic polyester manufacturer, to outsource the Indo Rama's transaction-based finance functions.

As per the agreement, Accenture will deliver financial transaction processing and financial management reporting services.

Approximately 90 employees of Indo Rama will transit to Accenture. The agreement is designed to help Indo Rama improve its business efficiency by allowing the company to focus on its core activities while adopting global practices leading to over all cost savings.

Stating that the agreement with Accenture a significant step in Indo Rama's ongoing drive to streamline finance and accounting processes, O P Lohia, managing director, Indo Rama, "By outsourcing non-core transactional functions and allowing Accenture to manage these, we are achieving our objective of focusing on our core business.

"Accenture's track record in delivering value across multiple projects, including a major IT outsourcing contract, was the catalyst for its successful bid." Ajit Kumar, a partner in Accenture's Resources operating group in India said: "Accenture brings significant benefits - cost savings, cash flow improvements and service improvements - through our best practices and proven management processes and tools."

In a statement, Andrew Friars, managing partner for Accenture's BPO operations in the Asia Pacific region, said that the outsourcing of finance functions brings an outsider's discipline to reviewing and reshaping entire business processes, helping companies execute ambitious improvement plans.

"Cutting costs and enhancing productivity remain prime motivators, but it's clear that some companies see outsourcing as a strategic weapon for change," Friars said.