AMSTERDAM; July 1, 2015 – TNT has signed a five-year business process outsourcing (BPO) contract with Accenture (NYSE:ACN), as part of its drive to focus on core express delivery activities, reduce indirect costs and improve operational efficiencies.
The contract will see Accenture manage transactional activities related to finance & accounting, procurement and data entry for TNT. The move is designed to allow TNT to consolidate and standardise back-office operations, which are now carried out at local level.
The contract with Accenture is an important step in establishing Global Business Services, a major project under TNT’s Outlook strategy. As guided during the company’s Capital Markets Day on 18 February 2015, Global Business Services are expected to deliver annual cost savings of between €100 and €150 million from 2018, with the first savings in 2016.
“Accenture’s BPO services will allow TNT to focus on what we do best: delivering our customers’ express parcels and pallets, while enhancing our cost-efficiency and flexibility," said Maarten de Vries, TNT’s Chief Financial Officer.
“This contract represents a new milestone for TNT and will help them achieve their leadership goals in the express parcel and freight industry,” said Rob Knigge, managing director in Accenture’s Freight and Logistics industry group. “Accenture will bring TNT cost savings and support greater agility in managing operations that will help meet their bottom-line business objectives.”
The outsourcing will take place in stages between 2015 and the end of 2017. TNT will thoroughly discuss the planned scope and timing, as well as social accompaniment measures, with local works councils and employee representatives before implementation.
Accenture is a global management consulting, technology services and outsourcing company, with more than 336,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.
TNT is one of the world’s largest express delivery companies. On a daily basis, TNT delivers close to one million consignments ranging from documents and parcels to palletised freight. The company operates road and air transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. TNT made €6.7 billion in revenue in 2014.
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