ZURICH; Oct. 21, 2015 – Accenture (NYSE: ACN) announced that it is providing Archroma, a global leader in specialty chemicals for the textile, paper and emulsions sectors, with a range of finance and accounting (F&A) and procurement business process services across the enterprise.
Accenture recently completed the first year of a seven-year agreement and is providing Archroma with F&A business process services such as accounts payable, accounts receivable, general ledger accounting and reporting, as well as sourcing and category management and procurement operations services. The project supports Archroma’s efforts to operate processes more efficiently and effectively while improving decision making and business outcomes through insights gained from automation and data analytics.
“This engagement with Accenture is vital to the success of our new organization and enables us to focus on our core business to better serve our customers with a portfolio of world-class products,” said Helmut Wagner, Chief Procurement Officer, Archroma. “The project ensures that our internal support functions are operating in an optimized way with a focus on controlling expenditures while increasing efficiency and transparency across our enterprise.”
Spun off from its parent company Clariant in April 2014, Archroma needed to quickly tap into additional F&A and procurement capabilities. Accenture was chosen based on its ability to rapidly deliver industrialized, scalable, and flexible services on a global basis.
The work is being delivered through Accenture Delivery Center locations in Chennai, Prague, Buenos Aires and Dalian.
“Accenture brings to bear a complementary mix of people with deep industry knowledge and technology expertise, which gives Archroma fast access to skills and infrastructure that can benefit a startup with global operations,” said René Rohrer, Resources Lead, Switzerland, for Accenture. “We are very excited to support Archroma in its transition to an independent company and into the future.”
Accenture is a global management consulting, technology services and outsourcing company, with more than 358,000 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$31.0 billion for the fiscal year ended Aug. 31, 2015. Its home page is www.accenture.com.
Archroma is a global color and specialty chemicals company committed to innovation, world-class quality standards, high service levels, cost-efficiency and sustainability. Archroma is headquartered in Reinach near Basel, Switzerland, and operates with approximately 3000 employees over 35 countries. Through its three businesses: Textile Specialties, Paper Solutions and Emulsion Products, Archroma delivers specialized performance and color solutions to meet customer needs in their local markets.
Archroma helps people fulfill their desire for products that appeal to their emotions and senses for a greater life experience, by developing beauty- and performance-improving technologies applied to everyday products. Products enhanced, colors enhanced, performance enhanced – “Life enhanced”.
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