"Sundaram Business Services (SBS) announced the company, which employs over 1,100 people, will be hiring another 150 people in the accounting space for its BPO facilities in Chennai and Mumbai over the next 12 months," it said in a release.
The Chennai-based firm has also bagged 5 outsourcing deals for accounts payable solutions from companies in India and Australia, it added.
SBS offers end to end accounts payable processing, which includes processing and summarising payments to vendors, as well as employee expense reimbursements.
"Over the next 12 months, the company is targeting to add 6-8 new customers for its accounts payable offering that will involve handling at least an additional 100,000 transactions annually," it said.
Besides, SBS also signed an accounts payable processing deal with a global industrial projects company that will in itself add 40,000 transactions per year, it added.
Founded in 2001, SBS focuses on geographies like Asia, Australia, UK and USA. It provides contact centre support and back-office support services to NBFC, wealth management, insurance and healthcare verticals and also caters to finance, accounting & payroll horizontals.