WNS Announces Details of Partnership with Church's Chicken
November 30 2006 - 7:30AM
Business Wire
WNS (Holdings) Limited (NYSE: WNS), the parent company of WNS
Global Services, a leading offshore business process outsourcing
(BPO) provider, today announced details of a worldwide partnership
with Church�s Chicken�. The partnership will focus on finance and
accounting (F&A) processes for restaurants owned by Church�s
throughout its worldwide network, which includes locations in 16
countries and Puerto Rico. Church�s and WNS believe their
relationship signifies the first time a U.S. restaurant company has
outsourced 100 percent of its F&A processes overseas. WNS will
handle functions such as accounts receivables, accounts payables,
bank account reconciliation and general ledger maintenance. As part
of the agreement, WNS also will maintain the Enterprise Resource
Planning (ERP) platform that provides both technology and
processing services for the finance and accounting functions that
are being outsourced. Through this partnership, Church�s says it
expects to achieve significant efficiency gains, which fit within
the brand�s core value proposition. Moreover, Church�s says this
agreement will provide it with the resources and capital it needs
to add an additional 15 restaurants over the course of the
five-year contract with WNS. �This partnership with Church�s is an
excellent addition to our growing list of retail clients,� said
Eric Selvadurai, chief executive officer of WNS� Enterprise
Services, the business unit that includes F&A processes. �We
continue to build our expertise across functional capabilities and
vertical industries. A client of Church�s stature further validates
WNS� strategy and reinforces our belief that our approach is on the
right track for WNS and our clients.� Harsha V. Agadi, president
and chief executive officer of Church�s, said the company �is
confident this partnership will provide new resources and allow us
to better manage our business more effectively and efficiently. WNS
has a unique blend of F&A and retail experience that clearly
differentiates it from other BPO providers, and that is why we
chose WNS.� Enterprise Services is one of WNS� two functional
business units, which cut across its industry specializations in
travel, banking, financial services and insurance. In addition to
F&A processes such as accounts payable and receivable, cash
management and consolidation, Enterprise Services also provides
processes related to human resources and supply chain management.
Clients include Tesco, the UK�s largest supermarket and the
fourth-largest retailer in the world; Centrica, a leading UK
utility; a Fortune 500 provider of transportation, logistics and
supply chain management solutions, and a New York Stock
Exchange-listed provider of transportation, e-commerce and
information services. WNS will begin processing transactions on
behalf of Church�s beginning January 1, 2007. About WNS: WNS is a
leading provider of offshore business process outsourcing, or BPO,
services. We provide comprehensive data, voice and analytical
services that are underpinned by our expertise in our target
industry sectors. We transfer the execution of the business
processes of our clients, which are typically companies located in
Europe and North America, to our delivery centers located primarily
in India. We provide high quality execution of client processes,
monitor these processes against multiple performance metrics, and
seek to improve them on an ongoing basis. WNS ADSs are listed on
the New York Stock Exchange. For more information, please visit our
website at www.wnsgs.com About Church's Chicken�: Founded in San
Antonio, Texas in 1952, Church�s Chicken� is a highly recognized
brand name in the QSR sector, and is one of the largest quick
service chicken concepts in the world. Church�s Chicken� serves
traditional Southern and Spicy Fried Chicken with a focus on
offering complete meals with large portions at low prices and is
positioned as the Value Leader in the Chicken QSR category. As of
February 2006, the Church�s system had 1,546 locations worldwide in
16 countries, plus Puerto Rico, with system sales over $1 billion.
WNS (Holdings) Limited (NYSE: WNS), the parent company of WNS
Global Services, a leading offshore business process outsourcing
(BPO) provider, today announced details of a worldwide partnership
with Church's Chicken(TM). The partnership will focus on finance
and accounting (F&A) processes for restaurants owned by
Church's throughout its worldwide network, which includes locations
in 16 countries and Puerto Rico. Church's and WNS believe their
relationship signifies the first time a U.S. restaurant company has
outsourced 100 percent of its F&A processes overseas. WNS will
handle functions such as accounts receivables, accounts payables,
bank account reconciliation and general ledger maintenance. As part
of the agreement, WNS also will maintain the Enterprise Resource
Planning (ERP) platform that provides both technology and
processing services for the finance and accounting functions that
are being outsourced. Through this partnership, Church's says it
expects to achieve significant efficiency gains, which fit within
the brand's core value proposition. Moreover, Church's says this
agreement will provide it with the resources and capital it needs
to add an additional 15 restaurants over the course of the
five-year contract with WNS. "This partnership with Church's is an
excellent addition to our growing list of retail clients," said
Eric Selvadurai, chief executive officer of WNS' Enterprise
Services, the business unit that includes F&A processes. "We
continue to build our expertise across functional capabilities and
vertical industries. A client of Church's stature further validates
WNS' strategy and reinforces our belief that our approach is on the
right track for WNS and our clients." Harsha V. Agadi, president
and chief executive officer of Church's, said the company "is
confident this partnership will provide new resources and allow us
to better manage our business more effectively and efficiently. WNS
has a unique blend of F&A and retail experience that clearly
differentiates it from other BPO providers, and that is why we
chose WNS." Enterprise Services is one of WNS' two functional
business units, which cut across its industry specializations in
travel, banking, financial services and insurance. In addition to
F&A processes such as accounts payable and receivable, cash
management and consolidation, Enterprise Services also provides
processes related to human resources and supply chain management.
Clients include Tesco, the UK's largest supermarket and the
fourth-largest retailer in the world; Centrica, a leading UK
utility; a Fortune 500 provider of transportation, logistics and
supply chain management solutions, and a New York Stock
Exchange-listed provider of transportation, e-commerce and
information services. WNS will begin processing transactions on
behalf of Church's beginning January 1, 2007. About WNS: WNS is a
leading provider of offshore business process outsourcing, or BPO,
services. We provide comprehensive data, voice and analytical
services that are underpinned by our expertise in our target
industry sectors. We transfer the execution of the business
processes of our clients, which are typically companies located in
Europe and North America, to our delivery centers located primarily
in India. We provide high quality execution of client processes,
monitor these processes against multiple performance metrics, and
seek to improve them on an ongoing basis. WNS ADSs are listed on
the New York Stock Exchange. For more information, please visit our
website at www.wnsgs.com About Church's Chicken(TM): Founded in San
Antonio, Texas in 1952, Church's Chicken(TM) is a highly recognized
brand name in the QSR sector, and is one of the largest quick
service chicken concepts in the world. Church's Chicken(TM) serves
traditional Southern and Spicy Fried Chicken with a focus on
offering complete meals with large portions at low prices and is
positioned as the Value Leader in the Chicken QSR category. As of
February 2006, the Church's system had 1,546 locations worldwide in
16 countries, plus Puerto Rico, with system sales over $1 billion.
WNS (NYSE:WNS)
Historical Stock Chart
From Aug 2024 to Sep 2024
WNS (NYSE:WNS)
Historical Stock Chart
From Sep 2023 to Sep 2024