Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies, has entered into an alliance with Philips in Latin America. As a part of the agreement, Infosys BPO will support a range of processes across Brazil, Argentina and Chile in the procure-to-pay (P2P), order-to-cash and record-to-report areas such as accounts receivable (A/R), intercompany, foreign exchange (FX), local payments, and travel and entertainment expenses. Infosys BPO will provide language support in English, Portuguese and Spanish. These services will be delivered from the new delivery centre in Belo Horizonte, Brazil.
Ronald Eikelenboom, chief financial officer (CFO), Philips LatAm, said: “The implementation of Infosys in Belo Horizonte marks a new beginning in the relationship between Philips and Infosys in Latin America. The relationship is now truly global since it is the first activity in Brazil serving the rest of Latin America, after having established a relationship in the US, Europe and Asia. We share similar beliefs and have entered into this win-win partnership from a greenfield perspective, where the success of Infosys is the success of Philips and vice versa.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.