Speedwing - Press Releases

	Press Releases

	Retail Resource - Management Accounting Services A revolutionary management accounting service is now available to the retail industry as a result of the collaboration this month between Top 20 UK accountancy firm Chantrey Vellacott DFK and British Airways trading division Speedwing World Network Services (SWNS). CV Retail, the specialist retail arm of Chantrey Vellacott DFK, develops and supports innovative retail accounting systems facilitating efficient, high quality financial reporting. This will now be combined with the rapid response accounting and data processing facility operated by SWNS from its prestigious headquarters in India. The combined service, marketed under the name of Retail Resource, aims to deliver cost effective retail accounting solutions worldwide. Both the Group Head Office and the site operator derive important benefits, including: Head Office benefits Reduction in management support time and head office administration Cost savings Site information always available to territory managers Greater confidence in accounts Operator devotes more time to business development. Operator benefits Time and cost savings compared to manual system or UK based processing Trading results available on site immediately Help desk available throughout the working week. Retail Resource provides a range of services from full back office outsourcing to the production of monthly accounts and weekly payroll for the site operator. John Roberts, Managing Director of CVR said " We are delighted to be joining forces with SWNS and believe that the combination of industry specific software, modern communications technology, outsourcing experience and industry knowledge produces an E business product that will cut cost and add real value to our retail clients." Julian Ingram, Marketing Director New Business of SWNS said "Our experience over the past four years demonstrates that significant cost savings can be delivered from our offshore operations. Joining with CVR and utilising their industry knowledge and software gives us a very powerful service offering." If you have any questions or require any further information please do not hesitate to contact John Roberts on +44 (0) 20 7509 9100 Notes to Editors Chantrey Vellacott DFK are a top 20 firm of Chartered Accountants, established in 1788. Together with its DFK UK associates it employs over 800 people based in 16 locations throughout the UK. It is a leading provider of accountancy software and related services to the retail market. Speedwing World Network Services (SWNS) are an independent trading division of British Airways plc. Set up in 1996, SWNS has offices in Mumbai and Pune, India employing over 1200 staff, all graduates. SWNS provides outsourced business support services, "Worldwide Working" to many companies in the Air Transport, Pharmaceutical, Petroleum and Financial Service industries. 10 March 2000

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