Technology major IBM today said it is working with cola giant PepsiCo India (PI) to provide finance and administration shared services to help the food and beverage firm streamline operations in the Indian market.
In 2009, PepsiCo India and IBM signed a five-year business process services agreement.
No financial details were disclosed.
Under the agreement, IBM Global Process Services business is helping PI centralise its financial processes across multiple plants, office locations and business units under a single shared system, IBM said in a statement.
The agreement covers payments, revenue and reporting processes and will help PI enhance governance, drive standardisation and simplification and create value through increased productivity.
"India is one of the most important markets for PepsiCo. We have chosen IBM to run our transaction and accounting processes... It will help us enhance our governance while providing innovative solutions through superior analytics and productivity opportunities," PepsiCo India Chief Financial Officer Kimsuka Narasimhan said.
