MUMBAI, India & NEW YORK--(BUSINESS WIRE)--Nov. 30, 2006--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.
CONTACT: For WNS:
United States:
The Torrenzano Group
Mike Geczi, +1 212-681-1700, ext. 156
mgeczi@torrenzano.com
or
India:
20:20 Media
Amrit Ahuja, +91 (11) 269-33-291
amrit@2020india.com
or
For Church's:
Hope-Beckham, Inc.
Holly Clifford Corral, 404-604-2601
hclifford@hopebeckham.com
SOURCE: WNS (Holdings) Limited