WNS signs multi-year contract with SAS Airlines
December 10 2008 - 3:00AM
Business Wire
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
business process outsourcing (BPO) services, today announced they
have signed a six-year contract with SAS Airlines, the largest
airline company in Scandinavia. This new contact is a renewal of
WNS� existing five-year agreement to provide passenger revenue
accounting services for SAS. Under the terms of the new contract,
WNS will transition SAS from an in-house revenue accounting system
to the Sirax AirFinance Platform. The new financial management
system, combined with WNS� process expertise, staff training
capabilities and technical support, will enable SAS to manage over
40 million tickets annually and is expected to enable SAS to
significantly reduce spending on revenue accounting. Once the
implementation is complete, WNS will deliver the full suite of
services critical to revenue accounting accuracy, including sales
accounting, inward and outward billing, coupon matching, refunds
and fare audits. �When we decided to move to the new Sirax
platform, we had the option to change providers but decided to
continue our relationship with WNS. WNS has both the industry
knowledge and technical capabilities to ensure a smooth transition
without disrupting our current revenue accounting operations. This
allows us to deliver our weekly and monthly forecasts on time,
which is particularly important given the current industry
climate,� said Steen Wulff, Director of Passenger Revenue
Accounting at SAS Airlines. �Over the last five years, WNS has
operated as an extension of our business, demonstrating a strong
commitment to our success, and we look forward to expanding our
partnership.� �Whether delivering services through the current SAS
system or Sirax AirFinance, WNS has the expertise to work with a
broad spectrum of passenger revenue accounting platforms,
customizing processes to meet specific needs,� said Eric
Selvadurai, Managing Director, WNS, Europe. �We are pleased to
continue our relationship with SAS Airlines, automating and
transforming their revenue accounting operations.� About WNS WNS is
a leading global business process outsourcing company. Deep
industry and business process knowledge, a partnership approach,
comprehensive service offering and a proven track record enable WNS
to deliver business value to some of the leading companies in the
world. WNS is passionate about building a market-leading company
valued by our clients, employees, business partners, investors and
communities. For more information, visit www.wnsgs.com. About SAS
Group The SAS Group, the Nordic region's largest listed airline and
travel group, offers air transportation and airline-related
services. The Group is listed on the Stockholm, Oslo and Copenhagen
stock exchanges through the parent company SAS AB. SAS Scandinavian
Airlines, Spanair and Blue1 are members of [the world's largest
global airline alliance - Star Alliance�]. The Group also includes
the airlines Wider�e and airBaltic as well as the partly owned
airline Estonian Air and the business area SAS Aviation Services.
Safe Harbor Statement under the provisions of the United States
Private Securities Litigation Reform Act of 1995 This news release
contains forward-looking statements, as defined in the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements include services expected to
be delivered by WNS under the new contract and expected benefits to
SAS under the new contract. These statements involve a number of
risks, uncertainties and other factors that could cause actual
results to differ materially from�those that may be projected by
these forward looking statements. These risks and uncertainties
include but are not limited to technological innovation;
telecommunications or technology disruptions; future regulatory
actions and conditions in our operating areas; our dependence on a
limited number of clients in a limited number of industries; our
ability to attract and retain clients; our ability to expand our
business or effectively manage growth; our ability to hire and
retain enough sufficiently trained employees to support our
operations; negative public reaction in the US or the UK to
offshore outsourcing; regulatory, legislative and judicial
developments; increasing competition in the business process
outsourcing industry; political or economic instability in India,
Sri Lanka and Jersey; worldwide economic and business conditions,
including a slowdown in the U.S. and Indian economies and in the
sectors in which our clients are based and a slowdown in the BPO
and IT sectors world-wide; our ability to successfully consummate
strategic acquisitions, as well as other risks detailed in our
reports filed with the U.S. Securities and Exchange Commission.
These filings are available at www.sec.gov. We may, from time to
time, make additional written and oral forward-looking statements,
including statements contained in our filings with the Securities
and Exchange Commission and our reports to shareholders. You are
cautioned not to place undue reliance on these forward-looking
statements, which reflect management�s current analysis of future
events. We undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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