
Budapest facility snaps up financial processes
Published: 11 May 2007 12:31 BST
Vodafone is opening a shared service centre in Hungary to deal with its financial processes and transactions.
A Vodafone spokesman told silicon.com up to 700 people - including a mixture of Hungarian and relocated workers - will work in the shared service centre which is due to open at the end of 2007.
The centre - in Budapest - will handle simple business transactions such as accounts payable and B2B billing.
The spokesman said there will be no job losses within the company and existing Vodafone staff will shift job roles to focus more on business analysis and decision-making support rather than simple transactions.
The spokesman added: "There is also the potential of getting a grant from the Hungarian government provided we hit certain requirements, making it [Hungary] an attractive choice for Vodafone."
The centre forms part of a three-year business revamp through which which Vodafone is streamlining its processes and making the company more efficient.
Under the initiative, Vodafone will set in place a single ERP system for finance, supply chain and human resources in all operating companies where the group has a majority ownership.
While India still dominates in the outsourcing stakes, Eastern Europe is pushing to be taken seriously as a 'near-shore' alternative for firms which do not want to move parts of their IT infrastructure as far away as India or China.
We do it with a belief that strategy and technology must be balanced The Enterprise Application Finance Practice assists clients in finance ...
For both roles candidates must be able to demonstrate: - A strong understanding of Human Capital Management business process and Oracle ...
Career advancing opening has arisen for a Senior Clinical Project Manager to join this internationally recognised Top 5 CRO from their Thames Valley ...
CIO50 2008
The silicon.com CIO50 2008 profiles the most influential and innovative tech chiefs in the UK across all industries and organisation size, from the biggest FTSE100 companies to high growth dot-com start ups and the public sector. The list was voted on by the UK CIO community and a panel of experts. Find out more in our latest special report.
Stories from the web...
Copyright ©1995-2008 CNET Networks, Inc. All rights reserved. Top of page
Naked CIO The Naked CIO: The skills drain needs fixing Firms such as Lloyds TSB have got it wrong…
silicon.com Dear silicon.com... outsource vs insource, Naked CIO on open source, password overload… Reader Comments of the Week