WNS extends partnership with Delaware North for finance digitization

NEW YORK & LONDON & MUMBAI, India - WNS (Holdings) Limited (NYSE: WNS), a provider of digital-led business transformation services, has announced the continuation of its strategic partnership with Delaware North, a hospitality and entertainment company. The collaboration is focused on transforming Delaware North’s finance operations through digital innovation.

WNS has developed a shared services model to consolidate Delaware North’s finance functions, aiming to enhance process efficiency, reduce costs, and improve compliance. A pivotal element of this model is the implementation of WNS’s proprietary AI-enabled Accounts Payable platform, APTrac. The platform is designed to streamline the invoice management process by capturing, validating, and categorizing invoice data automatically. This reduces manual intervention and improves the speed and accuracy of the approval and payment processes.

In addition to APTrac, WNS has introduced other advanced digital solutions to optimize various finance and accounting processes, including billing, payments, cash management, audit, and general ledger activities.

Keshav R. Murugesh, Group CEO of WNS, emphasized the success of the partnership, stating that it underscores the potential of collaborative efforts and a shared vision for a future-ready finance function. Chris Feeney, Chief Financial Officer at Delaware North, acknowledged the importance of WNS’s expertise and innovative solutions in Delaware North’s digital and operational transformation.

Delaware North is a prominent player in the global hospitality and entertainment sectors, serving over half a billion guests annually across three continents. The company is known for its operations in diverse settings, including sports venues, airports, parks, and casinos. WNS’s strong market position is reflected in its impressive YTD return of 40.51% and current trading price of $66.59, near its 52-week high of $70.31. For deeper insights into WNS’s valuation and growth potential, check out the comprehensive analysis available on InvestingPro, which offers exclusive access to over 10 additional ProTips and detailed financial metrics.

WNS, with 63,390 professionals as of December 31, 2024, offers a range of solutions across industries, leveraging talent, technology, and AI to co-create innovative solutions with over 600 clients worldwide. The company’s financial strength is evident in its $126.49 million net income over the last twelve months, demonstrating its ability to generate profitable growth while maintaining moderate debt levels. Get access to WNS’s complete financial analysis and Fair Value estimate through InvestingPro’s detailed research reports.

This partnership extension is based on a press release statement and aims to further the digital transformation of Delaware North’s finance department, potentially setting a precedent for innovation in the hospitality industry’s financial management practices.

In other recent news, WNS Holdings is reportedly considering a sale, as per a Reuters report. The company, valued at approximately $2.7 billion, has attracted interest from potential buyers, including French technology group Capgemini. This development is part of ongoing discussions with investment bankers at JPMorgan Chase, although a finalized deal remains uncertain. In parallel, WNS has announced the acquisition of Kip.ai, a company specializing in data modernization and AI analytics for the Snowflake platform. This acquisition is expected to contribute approximately 2% to WNS’s revenue in the next fiscal year, though it will not significantly impact earnings per share.

Analysts have responded to these developments with revised stock price targets. Needham raised its target to $70, maintaining a Buy rating, reflecting confidence in the strategic acquisition of Kip.ai. Similarly, Baird increased its price target for WNS to $66, with an Outperform rating, citing the company’s return to normal growth patterns and positive projections for fiscal year 2026. These recent developments indicate a period of strategic activity and potential growth for WNS Holdings.

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