NEW YORK & MUMBAI, India & AMSTERDAM--(BUSINESS WIRE)--WNS (Holdings) Limited (WNS) (NYSE:WNS), a leading provider of global Business Process Management (BPM) services has entered into a strategic partnership with Transparent Group BV (Transparent), a leading provider of recovery and audit solutions. Transparent’s solutions — focused on Accounts Payable analysis, data enrichment, active benchmarking, and supplier analysis — will become a part of the existing portfolio of WNS’s Finance & Accounting (F&A) services. This partnership strengthens WNS’s higher-end offerings in the Finance & Accounting Outsourcing (FAO) value chain. With this partnership, Transparent and WNS set a teaming agreement with the intention to work together towards pursuing new business opportunities. The Transparent data mining process will become an exclusive extra service, and provide added value for the clients of WNS.
“In the last few years, WNS has established its presence as a leader in the FAO domain. Our reputation in FAO is backed by our industry-focused F&A delivery, technology-enabled solutions, and our business process consulting approach to help transform our clients’ business processes. With Transparent’s pioneering recovery & audit solutions, we are adding a formal and organized layer of analytics to our F&A suite of offerings that will provide a competitive advantage in the F&A domain,” said Keshav R. Murugesh, Group CEO, WNS.
“I am excited to join forces with WNS. WNS is a leading global BPM player and recognized as a leader in the F&A outsourcing domain. Together with WNS, we aim to build a comprehensive solution that will exceed our achievements so far,” said Willem-Jeroen Stevens, CEO, Transparent.
With this partnership, WNS and Transparent will collaborate to leverage each other’s expertise and generate new business opportunities in the F&A space. In future, this partnership will create an outcome-based service delivery mechanism for clients.
WNS (Holdings) Limited (NYSE: WNS) is a leading global business process management company. WNS offers business value to 200+ global clients by combining operational excellence with deep domain expertise in key industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics, Healthcare and Utilities. WNS delivers an entire spectrum of business process management services such as finance and accounting, customer care, technology solutions, research and analytics and industry specific back office and front office processes. As of June 30, 2014, WNS had 27,760 professionals across 34 delivery centers worldwide including China, Costa Rica, India, Philippines, Poland, Romania, South Africa, Sri Lanka, United Kingdom and the United States. For more information, visit www.wns.com.
Through the use of proprietary and innovative software tools, Transparent creates value out of its client’s raw data by discovering and recovering vendor overpayments, duplicate payments, tax credits, open credits and Unclaimed property. Transparent deploys continuously evolving technology, best-in-class service and international experts to optimize its clients' efficiency, processes and financial strength.
By continuously empowering its clients to achieve their maximum potential, Transparent has established its reputation as one of the fastest growing global data mining and recovery audit service providers in the industry. Transparent’s achievements have been recognized by Deloitte twice, in the Technology Fast500™ EMEA (2013) and Technology Fast50™ (2011).
Today Transparent has offices in several key European capitals, USA, Mexico, South Africa and India. Founded in 2000, Transparent has processed over $ 2,2 trillion USD in spend data to date. For more information visit: www.transparent.eu
Safe Harbor Provision
This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.