Gurgaon, India, December 16 2008
In a challenging market, arvato India continues to perform in a stellar fashion. arvato has closed some key deals this year and has a healthy pipeline of potential clients across its diverse service offerings. Despite the tough market conditions, especially in the last quarter of the year 2008, arvato India bagged new business from one of Europe’s specialized Financial Services Company.

arvato India recently went live with an Accounts Payable Audit Program for this European firm. The solution entails having analysts based out of arvato’s facility in Gurgaon to audit all outgoing payments from the customer for the last few years. The analysts examine all invoices in the company’s database to identify any undue payments transferred or duplicate payments made and mark them as claims for further research by the auditor’s team based in Europe.

Arvato globally provides financial service such as Accounts Receivables and Billing, Accounts Payables and Invoice processing, Payment processing, Risk Management, Banking operations, and Debt Collections. arvato offers a comprehensive product portfolio to our clients addressing the entire value chain of transaction processing, accounting & financial reporting.

“With this new Accounts Payable Audit program in India we have reinforced our commitment to provide value added financial support services from India for our international as well as domestic clients, hence utilising the Indian expertise in delivering on our global services repertoire. Today, our clients around the world recognize the strategic imperative of global sourcing, and thus the demand for end-to-end solution provider like arvato will continue to grow”, says Ankush Bhandari, Country Manager, arvato India.