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24 September 2014
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ÃÛÑ¿´«Ã½ announces shortlist of four bidders for outsourced finance and accounting services


Category: ÃÛÑ¿´«Ã½

Date: 15.06.2006
Printable version


The ÃÛÑ¿´«Ã½ announced today a shortlist of bidders selected to the next stage in the re-procurement of outsourced finance and accounting services.

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The four companies that have been selected for Invitation to Contract, the third stage of the bidding process are, in alphabetical order:

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Capita

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EDS

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Progeon (Infosys)

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Xansa

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The bids received from the long-listed bidders were of high quality and bidders were selected through a rigorous EU procurement process conducted by the ÃÛÑ¿´«Ã½'s evaluation team.

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This included significant input from business stakeholders in the ÃÛÑ¿´«Ã½.

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The four finalists were chosen because of their close fit with the ÃÛÑ¿´«Ã½'s evaluation criteria, which include value for money, synergy with the culture of the ÃÛÑ¿´«Ã½, and capability to provide high-quality service to the ÃÛÑ¿´«Ã½.

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Zarin Patel, ÃÛÑ¿´«Ã½ Group Finance Director, said: "We have been impressed by the quality of the bids and high level of competition, and all four bidders deserve to have reached the shortlist stage.

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"We look forward to working with them more closely over the next few months and we expect to announce the winning bidder in the autumn."

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The finance and accounting services being re-procured were originally outsourced in 1997 to Medas as part of a ten-year contract which runs until the end of June 2007.

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Medas is a wholly owned subsidiary of EDS.

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Services currently provided by Medas include payments to external suppliers and artists and contributors, staff payroll and expenses processes.

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The purpose of this project is:

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to re-procure finance and accounting Business Process Outsourcing (BPO) services for the ÃÛÑ¿´«Ã½ with an effective transition between the current and new contract;

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to deliver a new BPO contract which will deliver value for money through significant initial and ongoing savings, through a contract relationship that is flexible and transparent and that provides incentives to both the ÃÛÑ¿´«Ã½ and its supplier to collaborate, innovate and improve benefits throughout the contract.

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The contract length is for five to ten years.

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The ÃÛÑ¿´«Ã½ is looking for provider/s that can transform the systems area, including the development of further e-business capabilities to help in delivering a "simpler ÃÛÑ¿´«Ã½".

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Final negotiations are expected to take place throughout the summer, with an announcement of the successful bidder in Autumn 2006.

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ÃÛÑ¿´«Ã½ staff and the unions are being kept fully informed during the process.

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No ÃÛÑ¿´«Ã½ staff are currently in scope to be outsourced as part of this contract as the contract is a second generation outsourcing.

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Notes to Editors

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Medas and the ÃÛÑ¿´«Ã½

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Medas is a wholly owned subsidiary of EDS.

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Medas was founded in 1997 to provide financial transactions processing for the ÃÛÑ¿´«Ã½ and also support the IT systems that facilitate that processing.

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The company became fully operational in March 1998 following the transfer of nearly 400 finance staff from the ÃÛÑ¿´«Ã½, in addition to the 80 IT staff who transferred in March 1997.

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Medas operates from two sites: Ealing (West London) and Cardiff.

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The services Medas provides to the ÃÛÑ¿´«Ã½ are in summary:

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Accounts Payable

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Accounts Receivable

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Contributor Payments

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Expenses and Advances

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Financial Accounting

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IT systems support and development

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Payroll

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About the shortlisted companies

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Capita

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The Capita Group Plc is a UK-customer focused organisation, providing an integrated range of services across the UK's public and private sectors for more than 25 years. Capita has a network of over 230 offices with 24,000 people including 29 business centres.

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EDS

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EDS is the parent company of Medas, the current provider of outsourced Finance and Accounting services to the ÃÛÑ¿´«Ã½, which was awarded a ten year contract in 1997. EDS has been providing Finance and Accounting services since 1968. EDS has approximately 115,000 BPO staff.

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Progeon

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Progeon is a wholly owned subsidiary of Infosys Technologies Ltd, a global IT services and consulting organisation. Progeon currently has over 7000 employees with around 900 professionals delivering Finance and Accounting services globally. Finance and Accounting accounts for nearly 15% of total BPO revenue.

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Xansa

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Xansa have been providing Finance and Accounting services since 2001 and have 1,900 Finance and Accounting staff based across a number of locations. Finance and Accounting services forms the largest component of Xansa's BPO portfolio.

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Category: ÃÛÑ¿´«Ã½

Date: 15.06.2006
Printable version

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