Xansa, the outsourcing and technology company, has been awarded a $256 million, six-year extension of its business process outsourcing contract with BT until March 2014. The service provider will continue to manage BT’s U.K. operations for finance and accounting transaction processing, including ledger and payroll services, through a combination of Xansa’s onshore and offshore capabilities in service centers in the U.K. and India.
Building on a 20-year relationship, this extension covers F&A processing, accounts payable, cash, treasury, payroll, ledger, and reporting services.
Commenting on the agreement, Andrew Kemp, group director of reporting, planning and analysis at BT, said, “Xansa has worked with BT for many years. Not only does Xansa’s outsourcing service provide us with transaction processing expertise, the company also has an in depth understanding of our business and is committed in helping us deliver our key outcomes. We fully expect Xansa to continue to deliver an efficient and cost effective service, with the flexibility to achieve business change through investment in further process improvement and service management."