Retail therapy for PwC
PricewaterhouseCoopers has won a contract to look after part of Safeway's internal finance and accounting processes.
PricewaterhouseCoopers has won a contract to look after part of Safeway's internal finance and accounting processes.
In a ten-year deal, PwC’s Business Process Outsourcing division will take a ‘supermarket sweep’ worth as much as £60m to the Big Five firm.
PwC will assume responsibility for the supermarket chain’s South Shields finance centre, boosting the firm’s staff by more than 350 people from 1 July.
Global leader of BPO at PwC John Barnsley, said: ‘Safeway’s management is to be congratulated on recognising the benefits of BPO for its core business and competitive edge, management focus, staff careers and shareholder value.’
Safeway FD Simon Laffin added: ‘This agreement is beneficial for all concerned.
‘We are confident that our finance and accounting staff will enjoy enhanced career prospects with a specialist finance and accounting organisation with a worldwide capability and reputation.’
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn 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 resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceGlobal 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