LOGICA’S FINANCE PROCESSING CHANGE PROGRAMME OVERVIEW In 2009, Logica commenced a global transition programme to standardise finance transaction processes and move as much as possible offshore. Scope:
Illustrative costs above relate to annualised salary and benefits and social security but not infrastructure.
Social security costs in certain European countries significantly impact on the overall cost of service provision.
Transfer costs typically equate to 3-4 months of offshore salary for process documentation, knowledge transfer, training of the team offshore and exclude onshore retention payments and restructuring costs.
Retention costs can vary significantly according to custom and practice.
Restructuring costs depend on service, contract, jurisdiction, custom and practice.