Kevin Reed, Accountancy Age, Tuesday 6 July 2010 at 09:34:00

Seven year deal for HP to manage Smith & Nephew's outsourced financeoperations

FTSE 100 medical equipment businessSmith& Nephew has awarded a seven-year deal to HP as part of itsglobal finance transformation programme.

HP will undertake finance and administration business process outsourcing tosupport Smith & Nephew's plan to streamline processes and achieve costefficiencies.

The services will run out of Poland and India.

"As part of our global transformation programme, we intend to streamline ourprocesses while optimising the costs of operations to deliver a more effectiveservice to our customers, suppliers and employees,? said David Trollope, seniorvice president, global financial systems for Smith & Nephew.

"Today?s competitive environment means finance functions need to focus moreon providing high quality management information to their businesses rather thandriving day to day finance processes,? said Danila Meirlaen, vice presidentbusiness process outsourcing EMEA forHP EnterpriseServices.

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