Accenture (NYSE: ACN) has entered into a multi-year contract in which it will provide the Netherlands-based global logistics company CEVA with finance and accounting (F&A) business process outsourcing (BPO), and management consulting services. The financial terms of the contract were not disclosed.
The F&A BPO services Accenture will provide include accounts payable, accounts receivable, month end close, balance sheet reconciliations and reporting. Accenture will ultimately provide these F&A services to CEVA through the Accenture Global Delivery Network using delivery centers in India, Romania and Argentina.
The management consulting services Accenture will provide focus on the harmonization and redesign of a number of CEVA's operational processes. The bundling of the management consulting services alongside F&A BPO will allow CEVA to accelerate the transformation of its finance function across both the outsourced and retained organisation by focusing on the end to end business processes.
Through these services, Accenture will help CEVA to exhibit greater control over cost management, minimize revenue leakage and create more consistency in business processes throughout the logistics and shipment lifecycle. By leveraging its deep industry skills and knowledge, Accenture will help CEVA to streamline its back-office operations while allowing the logistics company to concentrate on client relations and the development of better services.
"With its strong background in business transformation and BPO, Accenture was an obvious partner for CEVA," said Rubin McDougal, CFO, CEVA. "Accenture already has a strong working knowledge of our operations which is helping the transformation process."
"The bundling of our different capabilities will enable us to deliver a cost-efficient, seamless and enhanced service," said Jan-Coen Smit, at Accenture. "And it will allow the logistics company to keep its focus on delivering quality and innovation to its customers and achieving high performance."
Accenture has been providing a range of services to CEVA for more than three years and this agreement will bring the relationship between these companies to a new level of collaboration on a range of management consulting and technology projects.
CEVA Logistics, one of the world's leading supply chain companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 50,000 employees are dedicated to delivering effective and robust supply chain solutions across a variety of sectors and CEVA applies its operational expertise to provide best-in-class services across its integrated network, with a presence in over 170 countries. For the year ending 31 December 2010, the Group reported revenues of ?6.8 billion. For more information, please visit www.cevalogistics.com.
Accenture is a global management consulting, technology services and outsourcing company, with more than 215,000 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$21.6 billion for the fiscal year ended Aug. 31, 2010. Its home page is www.accenture.com.