Steria ranked no. 1 in Europe for accounts payable business process outsourcing
Steria, the European IT-enabled business services company has announced that for the second consecutive year, it has secured the No. 1 position as the purchase-to-pay (P2P) business process outsourcing (BPO) supplier of choice across Europe. Steria’s P2P (accounts payable) BPO ranking was unveiled in the recently-published NelsonHall BPO Market Assessment, 2009-2013. In the same report, Steria rose to the No. 3 position in Europe for multi-process finance and accounting (F&A) BPO, which covers accounts payable, accounts receivable, general accounting, and treasury and cash management, amongst other key services. Steria was also ranked No. 1 in the UK for overall finance and accounting BPO, according to NelsonHall’s research.
According to NelsonHall, in 2008 Steria captured 6.4% of the purchase-to-pay market in Europe, maintaining its No. 1 position. In multi-process F&A BPO, Steria gained a position, moving from fourth in 2007 to third in 2008, with 7.3% market share in this category.
The NelsonHall BPO rankings follow Steria’s recent announcement that it has been awarded ‘Best BPO Project’ by the British National Outsourcing Association (NOA) for its landmark achievements as one-half of the joint venture with the UK Department of Health, the NHS Shared Business Services, established in 2005. Mike Wood, COO of NHS Shared Business Services, will be delivering a keynote presentation at the ‘Attaining F&A Shared Services Process Excellence’ conference, taking place next March in London. For more details, please visit the conference website or download the full brochure.
