Sundaram Finance’s BPO arm secures 5 outsourcing deals from Indian, Australian companies

Sundaram Business Services (SBS), the BPO subsidiary of Sundaram Finance has secured five outsourcing deals for accounts payable solutions from companies in India and Australia. Meanwhile, the company, which employs over 1,100 people, will be hiring another 150 people in the accounting space for its BPO facilities in Chennai and Mumbai over the next 12 months.

Besides, SBS also signed an accounts payable processing deal with a global industrial projects company that would in itself add 40,000 transactions a year.

SBS offers end to end accounts payable processing, which includes processing and summarising payments to vendors, as well as employee expense reimbursements.