Lloyds TSB have chosen Xansa, the outsourcing and technology company, as their partner for provision of finance and accounting (F&A) services. This is one of the first F&A contracts within the UK Financial Services industry. This five year contract will see Xansa providing accounts payable, employee expenses and fixed asset accounting. Each month, Xansa will process over 330,000 invoices, and 144,000 expenses from its offshore delivery centres in India .
Xansa's finance and accounting services will bring world class delivery processes and service management to Lloyds TSB. Transforming and standardising operations to provide significant cost savings, and enabling Lloyds TSB to gain access to innovation and significant service improvements.
"This contract is a great addition to the portfolio of complex industry specific back office processes which we provide to Lloyds TSB. It further strengthens our position as a leading UK provider of finance and accounting services." said Alistair Cox, Xansa's Chief executive.
