Philips Lighting picks Lodz for new F&A SSC

Philips Lighting today announced the creation of the Financial Services Center in Łódź. The center will employ 120 people and will be responsible for the accounting and financial processes of all European branches of the company. Philips Lighting, one of the service pioneers in Łódź, has already set up an operation in Lodz - a transaction center was acquired in 2007 by Infosys BPO Ltd.

After a thorough analysis of the remaining non-transactional financial-accounting operations, Philips Lighting has decided to improve business efficiency by consolidating all processes in one place in Europe. The city of Łódź was chosen because of the potential of its labor force,, good past experience, investment climate and the availability of high quality office space.

"Since our accounting and financial operations are geographically divided, we are keen to
centralized operations at the Financial Services Center. This will allow us to improve the quality and performance of our accounting and financial operations by further optimizing and standardizing and increasing the flow of knowledge", said Lion Paauwe, Center Director.

"Poland gives us fantastic opportunities to employ well qualified and experienced foreign language professionals and we, as Philips Lighting, have been operating in Poland for a long time," he added.

Paauwe adds that competence centers in F&A, offering comprehensive process management, service provider management, and decision-making processes are a unique opportunity for Lodz  to further develop. Most of the common services industry is focused around transactional services. Recruitment of employees is already in progress. Philips Lighting is using Experis (ManpowerGroup)..