Building on the existing relationship between Capgemini and Danfoss which dates back to 2005, the new contract incorporates a wider scope of services. Under the contract extension Capgemini aims at providing Danfoss with complete F&A services including Procure-to-Pay (P2P), Order-to-Cash (O2C) and Record-to-Analyze (R2A).
Commenting on the contract extension, Henrik Paulsen of Danfoss, said: “In recent years, Capgemini has built a track record showing continued improvement on shared initiatives and service delivery. Capgemini has worked with us as a trusted transformational partner and our common key initiatives have delivered clear results. We are now looking forward to expanding this partnership so that Capgemini can help us to transform and standardize our finance functions worldwide.”
Capgemini implemented its innovative Global Enterprise Model* approach, as the baseline for the whole transformation process at Danfoss, which resulted in a number of business benefits including significant process efficiencies, highly standardized and well controlled end to end finance processes, as well as new sets of tools to enable efficient and smooth operations. This new contract intends to build on that same model and will be managed from Capgemini’s global delivery centers in Poland and India.
“We are very proud of the confidence Danfoss has shown in Capgemini with this new global contract extension. We have taken a true partnership approach to our work at Danfoss and this commitment has generated clear results over the years. We are now looking forward to building on that track record, by expanding and designing new F&A processes to support the business as it continues to expand globally.” said Devesh Nayel, Head of Manufacturing and Financial Services for BPO, at Capgemini.
The new contract commenced on the 1st January, 2014 and is due to run until the 31st December, 2020.
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