MoD Extends Capgemini Payments Contract Until December
Ministry of Defence wants another 12 months of Capgemini’s P2P cloud payment and procurement service
The Ministry of Defence (MoD) has extended its contract with Capgemini for another year, as the technology services provider looks to supply its Purchase to Pay (P2P) platform for the MOD until December 2016.
The MOD uses Capgemini’s cloud-based P2P platform to run its procurement services, and the contract has been renewed for £9.17 million.
2,000 suppliers
Around £14 billion of trading spend is processed through Capgemini’s P2P service every year, claims the French company, and the MoD uses it with more than 2,000 of its suppliers.
“This is a significant contract for us and is testament to the strength of our capabilities in managed services,” said Paul Nannetti, CEO of Infrastructure Services at Capgemini.
“Our strong relationship with the MOD has made this a very successful collaboration, and it is a great achievement to be going into our sixteenth year of working together. We know we cannot rest on our history of delivery, however, so throughout 2016 we will continue to look for new ways to build on our relationship and provide additional innovative services to the MoD.”
In February, Capgemini reported a 20 percent jump in operating profit for 2015, hitting £770 million, up from £659 in 2014. Revenues increased one percent.
