News
Xchanging signs a £825 million 5 year procurement outsourcing contract with Alexander Mann Solutions (AMS)
30 Jul 2009
London, 30 July 2009 - Xchanging plc has signed a five year Procurement Outsourcing contract with Alexander Mann Solutions (AMS), a leading global Recruitment Process Outsourcing (RPO) provider.
The contract will see Xchanging manage indirect procurement spend on behalf of Alexander Mann Solutions across the UK, Germany and Denmark. Xchanging will also provide a fully managed global procure-to-pay service including transaction processing and systems, and order management.
The contract will provide Alexander Mann Solutions with process efficiency gains and technology-enabled standardisation across their procurement processes.
Xchanging manages annual indirect spend of over $1 billion on behalf of large corporations and services multi-sector customers across a range of geographies and industries. It offers a complete suite of services from sourcing-to-pay services for procurement. Xchanging has been recognised as a tier one Procurement Services provider globally by the Everest Research Institute and the number one Procurement Outsourcing vendor in Europe for four consecutive years by the Black Book of Outsourcing. The contract with AMS will be the largest Procurement Outsourcing contract for Xchanging and one of the largest of its kind in the industry.
Gordon Stuart, Chief Financial Officer at AMS said, "Outsourcing our global procurement processes is fully aligned with our commitment to provide the best resourcing solutions to our clients. With Xchanging managing our end-to-end procurement processes, we can better focus on growing the RPO relationships we have and delivering the highest level of service to our clients. Xchanging's proven expertise in procurement and global processing capabilities make them a clear preferred partner for us."
David Rich Jones, Executive Director - Global Procurement, Xchanging stated, "AMS has an impressive vision for growth. As a leading outsourcing organisation, it understands the powerful competitive advantage that non-core process outsourcing can provide to a business. Xchanging will leverage its global business processing capabilities to provide AMS with the best combination of people, processes and technology to deliver cost and efficiency benefits. This partnership will significantly expand Xchanging's procurement services presence and we look forward to being the global procurement processor of choice for AMS."
For further information, please contact:
For Xchanging
Meeta Thareja
Telephone: +44 (0)20 7780 5374
meeta.thareja@xchanging.com
Tulchan Communications
Telephone: +44 (0)20 7353 4200
xchanging@tulchangroup.com
Alexander Mann Solutions
Liz King
Telephone: +44 (0)20 7832 2725
liz.king@alexmann.com
Octopus Communications
Telephone: +44 (0)845 3700 655
ams@octopuscomms.net
About Xchanging
Xchanging is a fast growing, pure play global business processor with blue chip customers. We provide complex industry specific processing services to the banking and insurance industries as well as procurement, finance and accounting, and human resources services across industries.
About AMS
Founded in 1996 by Rosaleen Blair, the Veuve Clicquot 2007 Business Woman of the Year, Alexander Mann Solutions is a global leader in Recruitment Process Outsourcing (RPO). A December 2007 management buyout was backed by Graphite Capital, and in February 2008, the company acquired Capital Consulting, a leading RPO player operating in Europe and Asia Pacific.
AMS builds world-class talent functions for its clients that cover permanent, contingent, internal mobility, graduate and talent resourcing programmes. The company acts a trusted advisor to its clients, building partnerships that usually span between five and ten years. AMS has over 1,000 professionals working across more than 60 countries, and its people are based in the company's global network of client services centres or work alongside client teams, embedded in their organisations and working under their brands.
In 2008, the company recruited over 50,000 permanent hires and made 205,000 contingent transactions on behalf of its clients. In addition to pure play RPO solutions, AMS also offers a range of high-value Professional Services in areas such as employer branding, assessment and selection and recruitment technology consultancy. It also offers an instant RPO solution, AMS OnDemand, designed for organisations that want the advantages of a world-class recruitment function but don’t have the resources or recruitment volumes.