Accenture Selected by The Hartford to Team on Insurer’s Enterprise Finance Transformation
HARTFORD, Conn.; Dec. 9, 2011 – Accenture (NYSE: ACN) has signed multi-year agreements with The Hartford (NYSE: HIG) to assist in the transformation of The Hartford’s finance department. Accenture will provide The Hartford with management and technology consulting as well as finance and accounting (F&A) business process outsourcing (BPO) services. Terms of the contracts were not disclosed.
According to the agreements, Accenture will help The Hartford:
• Simplify and standardize processes and tools across the finance department;
• Identify appropriate investments in technologies to increase speed to market;
• Improve process consistency and reduce cost;
• Streamline the finance organization to empower leaders, remove redundant oversight; and increase the speed of decision-making.
“The Hartford and Accenture have been working together since 1995 on a wide range of business and technology initiatives, including systems integration and consulting,” said Gary Fink, Financial Services managing director of Accenture Finance and Risk Services for North America. “We are pleased to have been selected by The Hartford for their enterprise finance transformation project. We look forward to working with The Hartford and helping them to create the foundation for high-performance finance
“We selected Accenture based on our strategic relationship as well as their strong track record of delivering on financial management process changes of this scale,” said Chris Swift, chief financial officer, The Hartford. “The goal of our work is to improve process consistency and reduce expenses, ultimately resulting in a stronger, more process-oriented finance function – one with new capabilities, a common information platform and better, more efficient ways of working.”
Accenture Finance and Risk Services, a business service within Accenture’s Financial Services operating group, is designed to add significant efficiencies and performance improvements to the finance and risk management functions of financial services companies.
About The Hartford
The Hartford Financial Services Group Inc. (NYSE: HIG) is a leading provider of insurance and wealth management services for millions of consumers and businesses worldwide. The Hartford is consistently recognized for its superior service and as one of the world’s most ethical companies. More information on the company and its financial performance is available at www.thehartford.com
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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
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