Global transport firm picks Cebu over 62 cities
Posted on May 3rd, 2009 under Biz Progress
Cebu City was picked as one of the two city locations for the back-end financial operations of multinational transport company Bombardier.
Cebu City bested 62 other cities around the world, including outsourcing and off-shore destinations.
Bombardier Transportation formally opened recenlty its Global Finance Shared Service Center for Accounting and Reporting at the 14th floor of the new TGU Tower in Asiatown IT Park with 20 employees that is expected to grow by 150 in 2014.
The Canadian-based company is engaged in innovative transportation solutions from commercial aircraft and business jets to rail transportation equipment, systems and services.
Bombardier general manager and director for finance accounting and reporting Heiko Kafer said that after months of training their local based accountants, Bombardier Transportation will migrate transactional activities in Cebu for the English speaking countries and Asian countries this October while the other one located in Cluj, Romania will service European countries requiring different language capabilities.
He said that the primary objective of moving to a Finance Shared Service Approach is to better focus on internal customers, enhance business support, improve and standardize processes, centralize accounting expertise, improve competitiveness and ensure increased quality of balance sheet and financial results delivered to the market.
Bombardier’s VP Finance Shared Services, Accounting and Reporting Olivier Guitton said “Cebu was chosen among the 62 cities because in Cebu there is an availability of highly qualified accounting staff at competitive cost who are used to a shared service mentality so we can ensure excellent delivery of services and support for our business for the worldwide market.”
The search for the location of their two Finance Shared Service centers started in August of last year with a key search in cities from all over Europe and Asia.
Among the shortlisted countries included Chinea in India and Kuala Lumpur in Malaysia but Cebu was chosen because of its customer-oriented and service oriented culture.
The presence of Bombardier Transportation in the country started since 1996 as the company landed a contract for the signalling system of the Metro Railway Transit (MRT) and now they are targeting several projects in Manila which includes the Line 8 project which runs from North Avenue to the East of Manila for rolling stock or the trains itself and the signalling systems.
They have also supplied Q400 and Q300 commercial aircraft to Philippines Airlines’ low cost segment PAL Express.
Bombardier Transportation has presence in over 60 countries and has so far installed base of over 100, 000 vehicles worldwide, offering the broadest range of product portfolio and is recognized as the leader in the global rail sector as well as the aerospace industry.
Bombardier Transportation is traded in the Toronto Stock Exchange and is listed as an index component to the Dow Jones Sustainability World and North America Indexes.
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