BP Extends Agreement with Accenture as its Global Provider of Business Process Services for Finance and Accounting Through 2021

CIOReview Team | Tuesday, 08 November 2016, 11:15 IST

Accenture (NYSE: ACN) recently 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.”

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