WNS (WNS, Financial) Holdings Limited, the Global Business Process Management conglomerate has signed up for a strategic partnership with Transparent Group BV, a leading provider of recovery and audit solutions adding a new chapter to their diversified line of service. The transparent group’s main focus areas are Accounts Payable analysis, data enrichment, active benchmarking and supplier analysis.
WNS reckoner
WNS has been in the business of outsourcing since 1996. It primarily started as an in-house back office unit of British Airways (BAY, Financial); however it diversified into an independent outsource solution providing company in 2002 and went public in 2006. It is right now one of the leading outsourcing solution-providing companies stationed in New Jersey, United States with 36 delivery centres based in India, United Kingdom, Australia, China, Costa Rica, Philippines, Poland, Romania, South Africa, and Sri Lanka. It is headed by Adrian T. Dillon as the chairman of the board and steered by the capable hands of Keshav R Murugesh in the group CEO seat. WNS provides specialized outsourcing solutions in the field of finance and accounting, human resource outsourcing, legal services, procurement, risk management, transformation solutions and research and analytics to ten industries ranging from banking and financial services, healthcare, insurance, manufacturing, media and entertainment, retail and consumer packaged goods, shipping and logistics, telecommunications, travel and leisure to utilities and energy.
Transparent reckoner
Transparent is a Netherlands-based company with its multi-location offices in Belgium, France, Germany, the United Kingdom, Italy, India and the USA. It is a company engaged in data mining and interpretation. It uses proprietary and innovative software tools creating value out of its client’s raw data and replicating meaningful information for its clients. It supplies the clients with useful information like vendor overpayments, duplicate payments, tax credits, open credits and unclaimed property and thus enables their clients to take a business decisive step. They deploy continuously evolving technology, best-in-class service and international expertise to optimize the clients' efficiency, processes and financial strength. Through Transparent’s continuous effort of empowering its clients in maximising its potential and improvising its business process output they have carved a name for themselves in the global data mining and recovery audit service solution industry. Deloitte have acknowledged them for their expertise twice; in the Technology Fast500™ EMEA (2013) and Technology Fast50™ (2011). These are among the many accolades that sit on the trophy shelves of Transparent.
Willem Jeroen Stevens
CEO Transparent Group
What’s in it for WNS and Transparent group???
For quite some time WNS has been strengthening its foothold in the Finance and Accounting Outsourcing service domain, and this strategic tie-up will certainly take WNS to the next step in the domain. To quote Keshav R. Murugesh, Group CEO, WNS, about this joining of forces, he said, “In the last few years, WNS has established its presence as a leader in the FAO domain. Our reputation in FAO is backed by our industry-focused F&A delivery, technology-enabled solutions, and our business process consulting approach to help transform our clients’ business processes. With Transparent’s pioneering recovery & audit solutions, we are adding a formal and organized layer of analytics to our F&A suite of offerings that will provide a competitive advantage in the F&A domain.”
This certainly indicates the high enthusiasm level about this amalgamation in the WNS basecamp. The addition of the Transparent group’s core expertise into the WNS F&A outsourcing service arsenal will not only leverage the market position of WNS in the domain but also capacitate them to provide the clients with higher value data mining solutions.
The excitement level on the Transparent group’s side is also no less and the same is echoed by what Willem-Jeroen Stevens, CEO, Transparent had to say about this partnership deal. He said “I am excited to join forces with WNS. WNS is a leading global BPM player and recognized as a leader in the F&A outsourcing domain. Together with WNS, we aim to build a comprehensive solution that will exceed our achievements so far.”
This conjunction of the two majors WNS and Transparent empowers them to harness and garner each other’s skills and expertise and churn out new business opportunities in the F&A space. It is evident that from this partnership will emerge a new era of outcome-based service delivery mechanism for clients. This will give the clients of this conglomerate the opportunity to reap better insight about their investment in outsourcing and optimise their earning through definite outcome based outsourcing cost management.
What is in it for me???
Through this partnership deal not only would the market position of WNS and Transparent take a forward leap but also reflect on their business performance numbers and trickle down as extra earning benefits to their stake holders and investors. It would also create better value for their clients and thus maximise the returns on investments by their clients in outsourcing business functions to this conglomerate. Hence, it will also be worth watching how the balance sheet of their clients performs with this value creation and would be wise to take investment positions in their clients as well. For now let us keep a close watch on the effect of this strategic partnership not only on the two protagonists, WNS and Transparent, but also on the financial figures of their clientele and create a wisely crafted investment portfolio to reap the benefits of their enhanced yields through this value creation process in the near future.
