Jan 09, 2007. /Lesprom Network/. ICG Commerce, a leading procurement services provider, has signed a five-year contract to provide certain sourcing and supply management activities for Kimberly-Clark Corporation. Outsourcing of these services to ICG Commerce is part of Kimberly-Clark's global competitive improvement initiatives, which were announced in July 2005. Other terms of the contract were not disclosed. "This move will allow us to better direct our resources on innovation, brand-building and other capabilities that will drive long-term sustainable growth," said Ian Maginnis, Kimberly-Clark's vice president of business support delivery. "By selecting ICG Commerce, Kimberly-Clark's sourcing and supply management staff will focus their expertise on such critical business purchases as raw materials and packaging supplies, while leveraging ICG Commerce's market knowledge, sourcing strategies and procurement experience to reduce costs and improve efficiency." Under the contract, ICG Commerce will manage sourcing and vendors and process purchase orders for Kimberly-Clark's North American and European operations in the areas of maintenance, repair, operating supplies and contract services. "Kimberly-Clark is clearly dedicated to enhancing their world-class operations and further improving their purchasing function," said Carl Guarino, chief executive officer, ICG Commerce. "As a procurement outsourcing specialist, we will work closely with Kimberly-Clark to implement a program that will provide both process improvements and cost savings for the company." ICG Commerce is a leading Procurement Services Provider exclusively focused on helping companies achieve greater control and increased value from the spend they manage. The company offers sourcing and on-going operational buying, category and information management and market intelligence services that enable companies to expand the breadth of spend they manage, continue to build their sourcing effectiveness, ensure compliance and drive continual improvements over time. At the same time, Genpact, a global provider of business and technology services, has signed a five-year contract to provide certain finance and accounting activities for Kimberly-Clark Corporation. Outsourcing of these services to Genpact is part of Kimberly-Clark's global competitive improvement initiatives, which were announced in July 2005. Other terms of the contract were not disclosed. "This move will allow us to better focus our resources on innovation, brand-building and other capabilities that will drive long-term, sustainable growth," said Ian Maginnis, Kimberly-Clark vice president of business support delivery. "Genpact is highly regarded by numerous multinational clients as a partner that provides top-quality service in finance and accounting services. By moving our non-core F&A activities to Genpact, we will reduce costs and improve efficiency in these areas." Building upon Kimberly-Clark's strong base in F&A, Genpact will support the company's global operations in the areas of: accounts payable and travel expenses, pricing administration, accounting-to-reporting and supply-chain accounting. "We look forward to partnering with Kimberly-Clark in ways that will not only improve processes, but contribute substantial bottom-line savings as well," said Pramod Bhasin, Genpact president and chief executive officer. "Innovation is as important in the back office as it is in product development and distribution. It is something we work at and share with our clients every day. We are honored to join Kimberly-Clark in our common pursuit of innovation." Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 150 countries. Every day, 1.3 billion people - nearly a quarter of the world's population - trust Kimberly-Clark brands and the solutions they provide to enhance their health, hygiene and well-being.