PwC secures Nortel outsourcing deal
PricewaterhouseCoopers has stepped up its outsourcing business with a deal to take over administrative support for US/Canadian internet giant Nortel Networks in Europe.
PricewaterhouseCoopers has stepped up its outsourcing business with a deal to take over administrative support for US/Canadian internet giant Nortel Networks in Europe.
PwC is set to take on 165 Nortel employees, based in the south east of England and France, to administer a range of functions from payroll, human resources and workforce performance in the UK to non-production purchasing and accounts payable across Europe.
The deal follows an original five-year BPO agreement signed between PwC and Nortel in April to run management operations in the US and Canada.Nortel, with a $21.3bn revenue last year and 70,000 employees worldwide, offers PwC a massive multimillion pound global market as demand for communications network expands.
The move follows Safeway’s decision to outsoruce its internal finance and accounting processes to the Big Five firm.
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article