Xansa has won a major contract to supply Finance and Accounting services (F&A) to banking giant, Lloyds TSB. The five-year contract will see Xansa provide accounts payable, employee expenses, fixed-asset accounting and processing more than 330,000 invoices and 144,000 expenses claims each month from its offshore centers in India.

Alistair Cox, CEO, Xansa said, “This contract is a great addition to the portfolio of complex industry-specific back-office processes which we provide to Lloyds TSB. It further strengthens our position as a leading U.K. provider of F&A.”

Among the services Xansa provides are business and technology consulting, IT implementation, IT outsourcing and business-process outsourcing. The company employs 6,800 people in India and the U.K.

The contract win comes only 12 days after Xansa announced that it had won a $47.16 million) contract to establish and manage an Internet platform that will allow three government departments to deliver essential electronic services.