Accenture has signed a six-year business process outsourcing (BPO) agreement with KF Shared Services AB – The Swedish Cooperative Union, to provide the KF Group and its subsidiaries with finance and accounting (F&A;) services.
The agreement is designed to streamline KF’s F&A; processes, while improving cost effectiveness and service delivery. Under the terms of the agreement Accenture will manage KF’s accounts payable, accounts receivable and record-to-report processes.
The services will be delivered through Accenture’s Global Delivery Network. The new contract builds on an existing relationship between the two companies, whereby Accenture has provided KF with management consulting and technology services.
“Accenture’s ability to provide a qualitative and cost-effective solution coupled with its proven track record of delivering similar services for Swedish companies made it the ideal first choice for this program,” said Johnny Capor, chief financial officer of KF. “The work we have delivered together on technology and consulting projects has shown that Accenture combines both deep industry knowledge and a close understanding of our business.”
“KF’s decision to outsource F&A; services to Accenture will offer both cost efficiencies and greater flexibility,” said Patrik Björkler, senior executive in Accenture’s Nordic outsourcing practice. “We are looking forward to continuing our collaboration with KF with this new program.”***
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Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.
The adoption of IFRS for Canadian companies is in full swing. As of January 1, 2010, Canadian companies are required to file financial statements under IFRS. Although Canadian GAAP and IFRS are similar, there are three main differences that have posed a challenge for companies: effectiveness testing, hedge accounting eligibility, and fair value measurement. While not an exhaustive list, these issues have posed the greatest challenge for Canadian corporations during the first quarter of 2010. The following paper clarifies some of the differences in hedge accounting between Canadian GAAP and IFRS and shares best practices for hedge accounting to help Canadian corporations navigate through the transition.
With this Spring 2010 Edition of the Phone System Comparison Chart quickly see differences between brands like Avaya, Mitel, Cisco, ShoreTel, 8x8, Panasonic, etc and compare over 94 phone systems by 52 brands for small to big business.