Capgemini bags outsourcing deal from Cargotec

Capgemini has won a 5-year outsourcing contract from Cargotec, which delivers equipment such as port cranes, loader cranes and hatch covers. The global player in cargo-handling operates in 120 countries and posted a revenue of €3.1billion last year. The multi-million euro contract is for Capgemini to work as a Finance and Accounting Outsourcing (FAO) service provider. “The implementation of Finance and Accounting shared services is part of Cargotec's ‘ONE Programme' – a strategic transformation programme to improve transparency, lower costs and increase efficiencies through one common solution. The contract is the first part of a multi-phase programme, with the potential to extend by a further two years,” said a statement. The aim is to reduce finance costs by over 50 per cent and bring about process harmonisation and increased productivity, drawing on Capgemini's Global Process Model. The service implementation project began on February 1, 2012, with services being delivered from India.