Social Enterprise

Coca-Cola Enterprises Achieves Major Cost Savings Through Finance Optimization Project

Download Now Date Added: Mar 2010
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In early 2007, Coca-Cola Enterprises (CCE) conducted a benchmarking exercise to see how the organization's effectiveness and efficiency stacked up against the competition. With this study they identified that to become more efficient, CCE would need to conduct as much of its transaction processing as possible in a low cost country, either with a third party outsourcer or a captive shared services center. CCE chose Capgemini to implement comprehensive Finance and Accounting (F&A) solutions throughout CCE's global business to create an efficient process in a cost-effective environment for order-to-cash services, purchase-to-pay accounting, and record-to-report activities, as well as a comprehensive document management solution. The contract with CCE will run for seven years from July 2008, and the total contract value amounts to approximately $137 million.