October 31, 2011
Accenture to Provide IT Outsourcing Services to Banco Popolare Group and Alba Leasing
to Help Drive Efficiencies and Service Quality
MILAN; Oct. 31, 2011 - Accenture (NYSE: ACN) has signed five-year outsourcing agreements with both Banco Popolare Group (BP.MI) and Alba Leasing under which Accenture will provide application management and infrastructure services to support the two companies’ leasing operations. Banco Popolare is Italy’s fourth largest bank by assets and Alba Leasing is among the country’s top 10 leasing companies by new contracts.
In addition, under a separate agreement, Accenture will acquire Itaca Service from Banco Popolare Group’s subsidiary, Banca Italease. Itaca Service provides IT services to the Group’s leasing companies and to Alba Leasing. Thirty-three employees are expected to transfer to Accenture and will continue to provide IT services to Banco Popolare’s leasing companies and to Alba. Financial details were not disclosed.
Accenture will develop, maintain and support Banco Popolare’s and Alba’s entire leasing applications portfolio, including leasing products management and regulatory reporting applications. Accenture will also manage the IT infrastructure for these companies’ leasing operations, including remote management and support, data center operations, network and deskside support services.
“It’s important for Banco Popolare Group to ensure its leasing applications and infrastructure are aligned with its business strategy, while optimizing overall IT costs,” said Ottavio Rigodanza, chief operating officer at Banco Popolare Group. “With Accenture’s support, we will benefit from improved quality of services, and we will be able to focus more on our core activities and on growing our business.”
“As Alba Leasing is always looking to improve its services and efficiency for its clients, this operation will ensure better market positioning, while Accenture’s support and capabilities will strengthen the overall service quality and professional outputs,” said Samuele Marconcini, head of the Organization and Human Resources Department at Alba Leasing.
“Banco Popolare and Alba are valued clients of Accenture and we look forward to working even more closely with them,” said Franco Turconi, managing director of Accenture’s banking industry practice in Italy. “These agreements will help drive greater business agility and continuous IT improvement and innovation for both companies. With the talented and seasoned professionals from Itaca Service joining Accenture, we are reinforcing our ability to serve the Italian leasing market.”
Accenture serves the global leasing industry through Accenture Credit Services, a full-service consulting, technology and outsourcing capability that supports institutions in the residential mortgage, commercial real estate, leasing and automotive finance industries. The services are designed to bring significant improvements to customer experience, efficiency, quality, and profitability for lenders and servicers. Accenture Credit Services serves more than 80 major lending institutions worldwide.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 236,000 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$25.5 billion for the fiscal year ended Aug. 31, 2011. Its home page is www.accenture.com.
About Banco Popolare
Banco Popolare is a Group made up of large local banks firmly rooted in their communities, with a history of serving families and small businesses. One of the leading Italian Bank Groups, with nearly 2,000 branches, 2,000,000 customers and more than 20,000 employees, Banco Popolare is a point of reference in the regions where it has a historical presence like Veneto, Lombardy, Piedmont, Liguria, Tuscany and Emilia Romagna. Home page: www.bancopopolare.it.
About Alba Leasing
Alba Leasing is a company specialized in financing leases and is owned by the following banks: Banca Popolare Emilia Romagna, Banco Popolare, Banca Popolare di Sondrio and Banca Popolare di Milano. Alba Leasing distributes its products mainly through the banking channel using the extensive network of approximately 5,000 branches of member banks and other banking partners that guarantee a widespread presence throughout the national territory. At the end of the first year of activity, Alba Leasing ranked 8th in the general ranking of leasing companies and is currently ranked 5th in the instrumental asset leasing ranking, with a market share of 6.95% (Assilea August 31, 2011).
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Sean K. Conway
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