Kimberly-Clark is outsourcing a number of its finance and accounting functions to Indian outsourcer Genpact in a five-year multi-million dollar deal.
The move is part of Kimberly-Clark’s global competitive improvement initiatives, which were announced in July 2005.
Exact terms of the contract were not disclosed, and it is not known at this stage how many US and European jobs will be transferred to the operations centres run by Genpact in India and elsewhere.
“This move will allow us to better focus our resources on innovation, brand-building and other capabilities that will drive long-term, sustainable growth,” said Ian Maginnis, Kimberly-Clark vice-president of business support delivery.
“By moving our non-core F&A activities to Genpact, we will reduce costs and improve efficiency in these areas,” said Maginnis.
As part of the deal, Genpact will take control of accounts payable and travel expenses, pricing administration, accounting-to-reporting and supply-chain accounting.
Kimberly-Clark controls the Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend brands.
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