LONDON and HOUSTON; Nov. 1, 2016 – Accenture (NYSE: ACN) today announced that BP has extended an agreement by two years for Accenture to serve as its global provider of finance and accounting (F&A) business process services through 2021.
Under the agreement, which was last updated in 2012, Accenture will provide BP with F&A operations services, including purchase-to-pay, order-to-cash, record-to-report, hydrocarbon (oil and gas) value chain accounting, as well as procurement services. Accenture will apply intelligent automation and advanced analytics capabilities, coupled with its industry experience, to drive continued efficiency and productivity improvements.
“Since 2012, Accenture has teamed with BP’s Global Business Services (GBS) function to drive end-to-end process efficiencies, standardization and controls,” said Brian Puffer, vice president Global Business Services, BP. “We look forward to their continued support and significant automation and productivity gains over the next five years.”
Accenture provides services to BP through its Global Delivery Centers in Bangalore, Manila, Buenos Aires, Krakow, San Antonio and Milton Keynes.
“This early contract extension demonstrates the strength of the Accenture and BP relationship and underscores our ability to deliver industry-leading business process services in the oil and gas industry,” said Andrew Smart, managing director, Accenture energy industry group. “We are committed to building on our 25-year relationship, further innovating and expanding our industry knowledge and capabilities using new technologies that provide additional value and enhanced business performance.”
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 384,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
Accenture was positioned in the “Winner’s Circle” and ranked as the leader in execution of the inaugural HfS Research 2016 Energy Operations Blueprint. Accenture’s position among the 13 energy operations service providers assessed was based on excellence, recognized by clients, in the key categories of innovation and execution.
BP is one of the world’s leading integrated oil and gas companies. We provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging.
For more information, visit http://www.bp.com/ and for BP at a glance visit http://www.bp.com/en/global/corporate/about-bp/bp-at-a-glance.html.