(E-invoicing by) Accounting Plaza acquired by Genpact

And the latest acquisition is a fact. BPO specialist Accounting Plaza is acquired by Genpact. Including the E-invoicing by Accounting Plaza services. Genpact is the former BPO division of General Electric. The acquisition was announced yesterday. Financial details were not disclosed.

But we reckon that Genpact had to pay serious money to acquire Accounting Plaza. Because Accounting Plaza is a provider of finance and accounting (F&A), human resources (HR) services and PeopleSoft ERP services to Ahold, a major international retailer, and other clients in the retail, wholesale, banking and healthcare industries.  Accounting Plaza employes 600 people, has its main office in the Netherlands, with subisidiaries in Poland and Czech.

With the acquisition of Accounting Plaza, Genpact will now have a strong services delivery operations in The Netherlands with Dutch language capabilities as well as an expanded services portfolio in Europe including human resources, business process management, e-invoicing and PeopleSoft ERP related services.  Genpact will also bolster its F&A services offerings for the retail industry in areas such as store and franchise accounting, inventory accounting, and trade promotions.

About Accounting Plaza

Accounting Plaza has approximately 600 full-time employees working out of its centres in The Netherlands, Poland, and Czech Republic.  It was founded in 2000 as the F&A and HR services provider for Ahold. Ahold, the sixth largest retail company in the world, owns and operates food retail and online grocery delivery operators across the United States and Europe.  Ahold currently operates a total of 3,008 retail stores with over 2,250 of those stores located in Europe.

About Genpact

Within Europe, Genpact operates three delivery centres in Romania as well as centres in Hungary, Poland, and Morocco, serving more than 25 languages. Genpact provides a wide range of services from Europe and across the globe that help maximize the effectiveness of operations for companies in multiple industries, including procurement and supply chain, F&A, IT help desk services, analytics, and process reengineering.

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