Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, has announced that it has won a €42 million (£35.9 million) contract renewal with International Paper, a global paper and packaging company. The contract extension until 2018 covers the existing full scope of Finance and Accounting (F&A) services and will bring the total collaboration period to 19 years – one of the longest relationships in the BPO sector.

International Paper, a Fortune 500 company and a global leader in the paper and packaging industry, operates in more than 20 countries, employs over 60,000 people and serves customers worldwide. The company’s businesses include uncoated papers and industrial and consumer packaging with primary markets and manufacturing operations in North and Latin America, Europe, Russia, Asia and North Africa.

Harry Wauters, Director Global Financial Shared Services Centers from International Paper: “We were looking for a company with a robust F&A platform to support our objectives which could be flexible and scaled up and down according to our business needs. We chose to extend our relationship with Capgemini because of their outstanding collaborative approach, their added value beyond the agreed service scope and their strong focus on continuous improvement. They have demonstrated to us over numerous years their dedication to deliver innovative and adaptable solutions.”