LONDON -- (Business Wire)
Accenture (NYSE:ACN) today announced a five-year contract extension with
Deutsche Bank to continue to provide procurement business process
outsourcing (BPO) services globally to the bank. The extended agreement
is designed to reduce operational costs, enhance spending control and
streamline sourcing and procurement services of Deutsche Bank.
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Deutsche Bank headquarters Frankfurt am Main, Germany (Photo: Business Wire)
Accenture is a member of Deutsche Bank’s Supplier Partnership Programme
which was successfully launched in June 2014 and concentrates the most
strategic vendors based on business impact across all categories of the
bank.
Under the original contract signed in 2004, Deutsche Bank outsourced its
procurement operations and accounts payable processing to Accenture, as
well as the maintenance of its procurement information technology (IT)
system. The new contract extends the initial agreement, which was
scheduled to expire in December 2016, through the end of 2021.
In addition to continuing to provide Deutsche Bank with procurement
operations and accounts payable processing services, Accenture will
further automate the source-to-pay process, including invoice processing
and contract compliance management. Accenture will also migrate Deutsche
Bank’s current on-premise procurement IT platform to an on-demand
procurement solution from Ariba, an SAP company.
“We extended our relationship because Accenture understands how to
derive real financial benefits and business value from sourcing and
procurement,” said Mark Loring, Head of Source-to-Pay and Travel
Operations, and John Goyanes, Head of Purchasing, Deutsche Bank. “The
contract extension positions Accenture as one of our few strategic
business partners, and we can now leverage their enhanced sourcing
capabilities to accelerate the source-to-pay process with strong
compliance, and ultimately work towards meeting our clear business
objectives, including sustainable cost savings targets.”
Julian Crossley, a managing director within Accenture
Operations, said, “Procurement organizations, specifically in the
banking industry, are under increasing pressure to deliver cost
efficient and effective source-to-pay operations whilst maintaining high
levels of compliance. In an ever-changing business landscape, our robust
yet flexible services offerings create the foundation that will enable
us to continue helping the bank meet its goals.”
“Our BPO contract extension with Deutsche Bank is a testament to the
business value Accenture is able to create,” said Julian Skan, a
managing director in Accenture’s Financial
Services operating group and the client account director for
Deutsche Bank.
About Accenture
Accenture is a global management consulting, technology services and
outsourcing company, with more than 336,000 people serving clients in
more than 120 countries. Combining unparalleled experience,
comprehensive capabilities across all industries and business functions,
and extensive research on the world’s most successful companies,
Accenture collaborates with clients to help them become high-performance
businesses and governments. The company generated net revenues of
US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page
is www.accenture.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150702005078/en/
Contacts:
Accenture
François Luu, + 33 6 60 53 84 28
francois.luu@accenture.com
Source: Accenture
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