Business process outsourcing services provider Genpact has bagged a contract from Diageo, the world’s biggest distiller, to provide the company financial & accounting processing services by establishing a near-shore shared services centre.
The company did not disclose the financial details of the contract.
As a part of the deal, Genpact has set up a shared services centre in Bogota, the capital of Columbia where the employees of both the companies will work alongside. The centre will initially house 65 employees and will gradually be ramped up to 200 by the end of 2013.
According to Gregorio Gutierrez, Commercial Director of Diageo, by developing the shared services centre model in partnership with Genpact, the company will be able to consolidate and improve its F&A functions in Latin America. This will also enable the company to focus on its core business.
The shared services center is located in Bogota Free Trade Zone in the Zona Franca business park.
“Genpact and Diageo are partnering to optimise Diageo’s comprehensive F&A operations and consolidating these operations into the new center in Bogotá, which to date have been managed across multiple Latin American countries,” a joint statement from both the companies said.