Accenture announced BP has extended the agreement with Accenture to deliver finance and accounting (F&A) business process services through 2021.
The contract has been extended by two years, Accenture said.
Under the contract, 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.
ONGC embarked upon realignment of its multi-faceted business activities through the powerful medium of IT. The IT mission was realigned ‘To develop an integrated, flexible and standardized Information Technology architecture to position ONGC towards fundamental competitive advantage’. To achieve this objective, Project ICE – Information Consolidation for Efficiency was born,out of the strategic vision of … Continue reading Project ICE @ Oil and Natural Gas Corporation Ltd...Read More
Key initiatives taken during BPM Implementation/ Automation: FileNet enabled, progressive payment life cycle reduction from 90 days to 53 days further reduced to 17 days in Jun’13 with >85% payment on time through VPOT (Vendor Payment on Time) program Fully automated in-house tool was developed for revenue reporting by integration of the billing systems with … Continue reading BPM Strategy at Airtel Centre of Excellence...Read More