WICHITA, Kansas; May 22, 2006 - Accenture (NYSE: ACN) has signed a business process outsourcing agreement with Crestline Hotels & Resorts, one of the nation’s largest independent hospitality management companies, to manage processes associated with Crestline’s human resource, payroll and finance and accounting functions, including accounts payable, general ledger and financial reporting. Financial terms and length of the agreement were not disclosed.
The services will be provided by Accenture BPO Services, an Accenture business providing outsourced human resources and finance and accounting services to middle-market companies.
Accenture leverages advanced technology and best practices to deliver robust and cost-effective services for the middle market. The suite of enterprise solutions includes integrated financial management and human capital management applications enabled by employee self-service, manager self-service and state-of-the-art reporting tools.
"This agreement allows us to focus our internal resources on what we do best-hospitality management," said Dave Durbin, president & CEO of Crestline Hotels & Resorts. "It helps us to achieve our goal to make our corporate office less transaction-oriented and more strategically focused. By working with Accenture, we anticipate significant savings and efficiencies for our property owners."
"As a high-performing business, Crestline Hotels & Resorts is looking to leverage Accenture’s extensive hospitality industry expertise to improve business outcomes as well as achieve cost efficiencies," said Jeff Bizzack, CEO of Accenture BPO Services. "Our technology-driven business process outsourcing solutions are helping middle-market clients reach higher performance levels by enabling them to focus on their core businesses, lower operating costs, improve productivity and grow revenues."
Crestline Hotels & Resorts, Inc. is one of the nation’s largest independent hospitality management companies. Founded in 2000, the Company presently manages 40 hotels, resorts and conference and convention centers with over 9,700 rooms in 12 states and the District of Columbia. Crestline Hotels & Resorts manages properties independently and under such well regarded brands as Marriott, Hilton, Westin, Renaissance, Sheraton, Crowne Plaza, Wyndham and Radisson. Additional information about the hotel management company is available at the company’s web site: www.crestlinehotels.com.
Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 129,000 people in 48 countries, the company generated net revenues of US$15.55 billion for the fiscal year ended Aug. 31, 2005. Its home page is www.accenture.com.
About Accenture BPO Services, Solutions for the Middle Market Accenture BPO Services offers a complete suite of human resource and finance and accounting BPO services through Accenture’s middle market service center in Wichita, Kansas. Employing unique, proven assets and tools to reduce risk and increase the effectiveness of finance operations, Accenture BPO Services works closely with middle-market companies to help them achieve high performance through quantifiable improvements in service, capabilities and cost. .