XCHANGING SIGNS A £50 MILLION 3-YEAR PROCUREMENT OUTSOURCING CONTRACT WITH SELEX GALILEO
(Thomson Reuters ONE) -
Xchanging's procurement processing platform to drive efficiencies and reduce
costs in non-core procurement for SELEX Galileo
LONDON, 31 March 2010 - SELEX Galileo, a leader in the defence electronics
market has signed a three year contract with Xchanging plc (LSE:XCH), one of the
largest and fastest growing global business processors. The contract will see
Xchanging manage an annual spend of circa £17 million on behalf of SELEX
Galileo's UK business.
In providing an enhanced procurement service to SELEX Galileo operations in the
UK, Xchanging will consolidate spend management and help reduce overall non-core
procurement costs. As part of the contract Xchanging will be responsible for
sourcing a number of spend categories including resourcing, learning and
development, travel, protective clothing, office supplies, furniture, couriers
and freight.
This contract enhances Xchanging's position as the leading indirect procurement
services provider to the defence industry.
Commenting on the deal, Nick Cramer, Head of Indirect Procurement, SELEX Galileo
said, "Outsourcing of certain non-core procurement categories aligns with our
strategy to improve procurement across the business. Outsourcing procurement to
a specialist such as Xchanging provides us with added drive and focus from
industry-leading experts and also global best practice in procurement processes
and technology. Our goal is to spend smarter and constantly enhance procurement
service and value."
Richard Houghton, Chief Financial Officer, Xchanging added, "SELEX Galileo has
an impressive global vision for greater collaboration across its spend.
Xchanging will leverage its capabilities for SELEX Galileo Ltd to provide the
best combination of people, processes and technology to deliver cost and
efficiency benefits. This partnership will expand Xchanging's procurement
services presence. We are delighted to be the procurement processor of choice
for SELEX Galileo Ltd."
Xchanging manages annual indirect spend of over £1 billion on behalf of large
corporations and services multi-sector customers across a range of geographies
and industries. With high-calibre procurement category experts and world-class
technology, Xchanging offers a complete suite of services from sourcing-to-pay
services for procurement. Xchanging has been recognised as a tier one
Procurement Services provider globally by the Everest Research Institute.
- ENDS -
For further information, please contact:
Xchanging
Meeta Thareja Tel: +44 (0)20 7780 5374
meeta.thareja(at)xchanging.com
UK - Cardew Group Tel: +44 (0)20 7930 0777
xchanging(at)cardewgroup.com
About Xchanging
Xchanging is one of the largest and fastest growing business processors. With a
wide range of multinational customers in 42 countries and employing over 8,000
people, we are a truly global company. Our aim is simply to provide business
processing services better, cheaper and faster.
Xchanging provides procurement, accounting, human resources and technology
services across industries. These include banking, insurance, manufacturing,
retail and real estate among others. We combine functional expertise with deep
industry domain knowledge to provide industry-specific outcomes for our
customers.
Listed on the London Stock Exchange in 2007, the company is in the FTSE250, the
index of mid-capitalised companies traded on the London Stock Exchange.
Xchanging is also a member of the FTSE4Good index which measures the performance
of companies that meet globally recognised corporate responsibility standards.
www.xchanging.com
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Datum: 31.03.2010 - 02:00 Uhr
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