Accenture (ACN) Enters Expanded F&A BPO Agreement with Schlumberger (SLB)
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Accenture (NYSE: ACN) announced an expanded five-year agreement to provide Schlumberger (NYSE: SLB), a leading global oilfield services provider, with transformational finance and accounting (F&A) business process outsourcing (BPO) services through 2021.
As part of their long term collaboration, Accenture will provide Schlumberger with new record-to-report services and expanded accounts payable BPO services, including cloud-based electronic invoicing capabilities and automation services aimed at significantly increasing efficiency, productivity and payment accuracy. Advanced analytics capabilities underpin Accenture’s services to provide data-driven business insights that improve decision making and performance.
“Our ongoing relationship with Accenture supports our Finance 2020 vision and contributes to our broader effort to reduce complexity and increase efficiency and flexibility across our organization,” said Simon Ayat, executive VP and chief financial officer, Schlumberger.
Accenture will deliver the work through its Global Delivery Centers in Chennai, Buenos Aires, Kuala Lumpur and Bucharest.
“Our collaborative work will enable Schlumberger to better focus on its core business of serving oil and gas companies globally,” said Jean-Marc Ollagnier, group chief executive, Accenture’s Resources operating group. “This project establishes an effective model for how companies in the oil and gas industry can improve internal performance to help offset the pressure of the low oil-price environment.”
“This project is a great example of how the advanced analytics and intelligent automation capabilities embedded within our F&A BPO services can support a forward-thinking organization like Schlumberger on their drive for more efficient operations,” said Manish Sharma, group operating officer, Accenture Operations. “By effectively integrating intelligent systems, we’re helping Schlumberger get business insights faster, with higher levels of accuracy and compliance, providing a competitive edge in the market.”
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