Anglo-Dutch consumer packaged goods manufacturer Unilever has extended its finance and accounting outsourcing engagement with Capgemini for a further five years in a deal worth over €100 million.

Capgemini, which has worked with Unilever since 2005, won the contract extension following a competitive tendering process.

“If we are to achieve the continuous improvement we need to help the business remain competitive and to reach our goal of doubling the size of our business while halving our environmental impact, we need leading-edge financial services," said Christian Kaufmann, vice president of financial services at Unilever.  

The French supplier will deliver finance and accounting services to Unilever’s global organisation from locations in Chile, Brazil, Guatemala, Singapore, China and India.

A spokesperson for Capgemini told Information Age that the company is also assisting Unilever in setting up its new delivery centre in Bangalore, India. The 1,400-head facility was opened earlier this year, and houses 500 internal staff and 1,100 employees from outsourced partners.

In September, Unilever approved a plan to cut around 500 jobs in the UK, including IT and finance roles.