Sundaram Business Services today said that it has bagged two Multi Year BPO deals in Australia. The value of the deals was not disclosed by the company. As per the agreement it will provide back office Pension Fund Administration services for two large decades old Melbourne based Accounting Firms.
Sundaram Business Services Ltd., the BPO subsidiary of Sundaram Finance, one of the country's leading NBFC, bagged three year BPO deals from two large Melbourne, Australia headquartered accounting firms relating to back office Pension Fund Administration (PFA) services to be delivered out of its Chennai facilities. Both these several decades old accounting firms have a strong presence across Australia.
Rajesh Venkat, CEO, Sundaram Business Services in a statement said, the two large accounting firms in Australia chose SBS for its proven track record in the niche space of back office work for self-managed pension fund administration and its robust transition methodology.
Also Read
"We expect to sign two more such deals in the near future in the PFA space. Our plan is to hire 100 people with an accounting background within the next quarter for our back office operations for the Australian customers," he said in a statement.
In addition to the two multi-year deals, SBS has also bagged two more deals for back office services in the portfolio management and unit registry space, both from Australian firms.