First graph, first sentence of release should read: ...has been awarded
a seven year contract... (sted ...has been awarded a five year
contract...). Genpact boilerplate, next to last sentence should read:
...Romania, South Africa, Spain... (sted ...Romania, Spain...).
The corrected release reads:
UNITED BISCUITS PARTNERS WITH GENPACT TO OPTIMIZE ITS FINANCE &
ACCOUNTING OPERATIONS
Long-Term Partnership to Streamline F&A Processes and Support United
Biscuits’ Focus on Sustainable Performance
Genpact (NYSE: G), a leader in the globalization of services and
technology and a pioneer in managing business processes for companies
around the world, today announced it has been awarded a seven year
contract to provide multiple finance and accounting (F&A) services for
United Biscuits (UB), a leading European manufacturer and marketer of
biscuits, cakes and snacks. This new partnership will allow skilled
Genpact professionals to work alongside the UB team in a concerted
effort to boost the effectiveness of existing F&A processes thereby
freeing-up resources that can be re-focused on core aspects of the
business.
Commenting on this new partnership, Jeff van der Eems, UB’s Chief
Operating Officer said, "Our partnership with Genpact is the latest
step in our ongoing efforts to ensure our finance capabilities are fit
for the future. We believe that working with Genpact will give us
greater capacity to adapt to changing business requirements. We look
forward to building a successful partnership with Genpact to further
support our growing business.”
Genpact’s finance and accounting practice currently supports more than
three dozen global enterprises, including a dozen well-respected brands
in the consumer packaged goods industry. Leveraging the best practices
developed through more than a decade of experience in F&A services,
Genpact’s F&A experts will provide UB’s U.K. business with support in a
range of areas including accounts payable, expense claims processing,
fixed assets accounting, general accounting, procurement, accounts
receivable, supply chain accounting, commercial decision support,
financial planning & analysis and tax & treasury activities.
Commenting on this announcement, Genpact President and CEO Pramod
Bhasin said, "We are excited and honored at the opportunity to
partner with a company like United Biscuits, whose focus on sustainable
performance has led to many years of profitable growth. At Genpact, we
take very seriously our commitment to helping clients achieve measurable
business outcomes through our deep understanding of enterprise wide
business processes and a drive towards operational excellence. We look
forward to leveraging these strengths in support of UB and are hopeful
this will be a long and productive partnership.”
About Genpact
Genpact is a leader in the globalization of services and technology and
a pioneer in managing business processes for companies around the world.
The company combines process expertise, information technology and
analytical capabilities with operational insight and experience in
diverse industries to provide a wide range of services using its global
delivery platform. Genpact helps companies improve the ways in which
they do business by applying Six Sigma and Lean principles plus
technology to continuously improve their business processes. Genpact
operates service delivery centers in China, Guatemala, Hungary, India,
Mexico, Morocco, the Netherlands, the Philippines, Poland, Romania,
South Africa, Spain and the United States. For more information, see our
website at: www.genpact.com.
About UB
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UB is the leading manufacturer and marketer of biscuits in the U.K.
and second largest in the Netherlands, France, Belgium and Ireland.
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In the U.K., UB is the leading manufacturer and marketer of packaged
nuts and the second largest manufacturer and marketer of savoury
snacks and crisps. In Ireland, UB is number two in biscuits and number
three in snacks.
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UB manufactures and markets a wide range of products in the U.K. and
continental Western Europe that are household names in their
respective markets. Branded products accounted for approaching 90% of
sales in 2008.
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Among UB’s popular brand names are McVitie’s, Penguin, go ahead!,
McVitie’s Jaffa Cakes, Jacob’s, Jacob’s Cream Crackers, Twiglets, Hula
Hoops, Skips, Mini Cheddars, McCoy’s, Phileas Fogg and KP Nuts in the
U.K. and BN, Delacre, Verkade and Sultana in Continental Europe.
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McVitie’s is among the best known brands in the U.K.
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UB’s branded biscuits were purchased by 96% of U.K. households in 2008.
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UB owns and operates 15 manufacturing facilities of which 11 are in
the U.K.
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UB employs over 8,500 people of whom over 7,000 work in the U.K.
