Accenture Extends Procurement Business Process Outsourcing Agreement with Deutsche Bank
July 02 2015 - 3:03AM
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.
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AccentureFrançois Luu, + 33 6 60 53 84
28francois.luu@accenture.com
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