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April 30, 2008
New Business
Symcor Inc., a North American leader in payment financial transaction processing and SunTrust Banks, Inc., one of the largest financial institutions in the United States, today announced they have signed an agreement under which a significant portion of SunTrust's back-office banking operations will be outsourced to Symcor. Under the terms of the 10-year agreement, Symcor will handle SunTrust’s check clearing, lockbox processing and statement production.
EDS has been awarded a seven-year, $391 million contract by the state of Georgia to design, develop and implement a new-generation Medicaid Management Information System (MMIS). The new system will provide fiscal agent and enrollment broker services and establish electronic health records (EHRs) for Medicaid recipients. The contract was awarded in the first quarter of 2008.
The Hertz Corporation has signed a five-year contract with ICG Commerce, a leading procurement services provider, for procurement outsourcing services to support Hertz’s broader efficiency improvement and reengineering efforts. Under the contract, ICG Commerce will provide comprehensive procurement outsourcing services for Hertz’s North American and European operations. These services will help Hertz drive greater control over expenditures in buying categories including professional services, equipment and automotive, facilities, transportation, IT, benefits and marketing.
Posted by jbowles at April 30, 2008 06:16 PM
