| NEW YORK, NY and LONDON and MUMBAI, | | | | note that respondents who outsource plan to increase |
| INDIA--(Marketwire - January 19, 2010) - The demand | | | | the scale of their programs in 2010, expanding both |
| for finance and accounting outsourcing (FAO) services | | | | processes in scope and adding business units and |
| is strong and will continue to grow in 2010, according to | | | | geographies." |
| the findings of The WNS Annual CFO Survey 2010. | | | | According to Stan Lepeak, Managing Director, Global |
| The study consisted of an online survey of 100 senior | | | | Research, Equaterra, "While most organizations are still |
| finance executives in organizations with revenues of | | | | dealing with the fallout from the global recession, this |
| over $3 billion. The survey was designed to identify | | | | study suggests their 2010 priorities are shifting back |
| and analyze key items on the CFO's agenda and | | | | towards growing the business in preparation for the |
| assess how alternative service delivery models such | | | | economic upturn. For the CFO, this means focusing on |
| as business process outsourcing are used to address | | | | managing costs and improving internal controls but also |
| these agendas. | | | | preparing for the upturn by driving the transformation |
| Some of the key findings include: | | | | of F&A operations." |
| -- Over 75 percent of the finance executives plan to | | | | The survey was commissioned by WNS (Holdings) |
| expand their outsourcing programs in 2010 -- Driving | | | | Limited (NYSE: WNS) and conducted by EquaSiis, an |
| corporate cost cutting efforts and improving internal | | | | EquaTerra company. |
| controls are the two most crucial issues in 2010 -- | | | | For the findings and additional details about The WNS |
| Forty-four percent of the finance executives believe | | | | Annual CFO Survey 2010, please visit |
| growing the business will be an organizational | | | | About WNS |
| imperative in 2010 -- Over 85 percent of the finance | | | | WNS is a leading global business process outsourcing |
| executives are satisfied with the benefits from FAO | | | | company. Deep industry and business process |
| "The survey clearly suggests that FAO has become a | | | | knowledge, a partnership approach, comprehensive |
| mainstream tool as 85 percent of respondents say | | | | service offering and a proven track record enable |
| they are satisfied with the benefits. While FAO has | | | | WNS to deliver business value to some of the leading |
| been commonly used to reduce cost of operations, it | | | | companies in the world. WNS is passionate about |
| is increasingly becoming more strategic, focusing on | | | | building a market-leading company valued by our |
| transforming F&A operations," said Sulakshana | | | | clients, employees, business partners, investors and |
| Patankar, Business Unit Leader, WNS Finance and | | | | communities. |
| Accounting Solutions. "It is extremely encouraging to | | | | |