Accenture partners with Apptio to help PPL manage technology spending
Get Alerts ACN Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.8%
EPS Growth %: +6.6%
Join SI Premium – FREE
Accenture (NYSE: ACN) and Apptio announced a collaboration with PPL Corporation (NYSE: PPL) to implement a technology financial management platform for the energy company, according to a press release statement.
PPL, which provides electricity and natural gas to more than 3.6 million customers in the U.S., will use Apptio's solutions delivered through Accenture to automate reporting and access real-time financial data for technology investment decisions.
"Our recent work with Accenture is another step in our strategy to create the technology-enabled utilities of the future," said Dean Del Vecchio, Executive Vice President of Technology and Innovation for PPL. "We're using Apptio solutions to unlock deeper insights into our technology investments as we work to drive innovation, modernize the grid and deliver greater value to our customers and employees."
The initiative supports PPL's transition from legacy systems to cloud-based infrastructure while expanding use of AI, automation and advanced analytics. The company aims to improve visibility into hybrid cloud environments and identify operational inefficiencies.
Accenture and Apptio expanded their business partnership to focus on technology financial management adoption in North America. The collaboration includes integrated solutions such as the Accenture myNav FinOps Maturity Assessment tool.
Apptio recognized Accenture as its Americas ITFM Partner of the Year for 2025. Accenture's technology financial management capabilities have been strengthened through recent acquisitions including Maryville, Advocate and Strongbow.
Accenture research indicates that 85% of C-suite leaders plan to increase technology spending, highlighting the need for financial transparency in technology investments.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Goldman Sachs Upgrades New Oriental Education (EDU) to Buy
- RBC Capital Starts Natera (NTRA) at Outperform
- Broadstone Net Lease adds $40M Tesla facility to development pipeline
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
Definitive Agreement, Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share