News

Accenture extends procurement BPO agreement with Deutsche Bank

Friday 3 July 2015 10:51 CET | News

Accenture has unveiled a five-year contract extension with financial institution Deutsche Bank to continue to provide procurement business process outsourcing (BPO) services globally to the bank.

Accenture is a member of Deutsche Bank’s Supplier Partnership Programme which was launched in June 2014 and concentrates the most strategic vendors based on business impact across all categories of the bank.

Under the original contract signed in 2004, Deutsche Bank outsourced its procurement operations and accounts payable processing to Accenture, as well as the maintenance of its procurement information technology (IT) system. The new contract extends the initial agreement, which was scheduled to expire in December 2016, through the end of 2021.

In addition to continuing to provide Deutsche Bank with procurement operations and accounts payable processing services, Accenture will further automate the source-to-pay process, including invoice processing and contract compliance management. Accenture will also migrate Deutsche Bank’s current on-premise procurement IT platform to an on-demand procurement solution from Ariba, an SAP company.

Accenture is a global management consulting, technology services and outsourcing company, with more than 323,000 people serving clients in more than 120 countries.

In May 2015, Accenture and Moven signed a services agreement to jointly develop next-generation digital banking solutions.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Accenture, procurement, BPO, Deutsche Bank, Business Process Outsourcing, Supplier Partnership Programme, invoice, accounts payable, source-to-pay
Categories: Banking & Fintech
Companies:
Countries: World
This article is part of category

Banking & Fintech