Accenture Transforms Its Financial Application Architecture, Creating an Intelligent Platform Based on SAP S/4HANA®
Jun. 05, 2018
ORLANDO, Fla.--(BUSINESS WIRE)--Jun 5, 2018--Accenture (NYSE: ACN) has transformed its financial application architecture with the implementation of SAP S/4HANA®, and amplified analytics with SAP® BW/4HANA powered by Microsoft Azure. This solution will help Accenture finance and business leaders support its evolving, diverse businesses, enable intelligent, real-time financial reporting and analytics and employ leading-edge SAP capabilities to support business growth.
Accenture is among the first companies of its size and scale to migrate to SAP S/4HANA, with a single global instance in use for employees across more than 100 countries.
“Our new financial architecture based on SAP S/4HANA has laid the foundation to rotate our finance capability to the New. We have enhanced digital financial reporting and added analytics capabilities never before available,” said David Rowland, Accenture’s chief financial officer. “As we progress on our journey, we expect to derive additional benefits from these insights and analytics, as well as the ability to leverage future SAP capabilities.”
The new system integrates with 360 downstream systems to support end-to-end business processes and enable advanced analytics. This functionality supports intelligent, real-time finance reporting for more immediate business insights and better decision-making. Extensive automated testing was conducted to validate against requirements and service level agreements, confirming that Accenture could continue to operate its business with integrity.
“Accenture has become a more diverse business and it’s essential that we operate with more insight, agility, efficiency and compliance across multiple business units and business processes,” added Andrew Wilson, Accenture’s chief information officer. “To contend with a faster pace of change, growth and diverse businesses, we’ve used SAP S/4HANA as the foundation for a digital, intelligent platform. This will transform the technical architecture supporting our finance, analytics and other business operations, giving us the agility and flexibility that drives business outcomes.”
Using Accenture’s robust agile delivery methodology, the cutover plan for solution implementation was executed to a 99.95 percent precision rate without impacting Accenture’s business. The learnings from this initiative also helped Accenture in the development of the recently launched Accenture Intelligent Enterprise Platform (AIEP), an insight-driven, digitally integrated platform that powers enterprise transformation from business case to roadmap to delivery.
“As business models change at a rapid pace, companies must adapt with technologies and processes that are agile and efficient. Accenture is seizing the opportunities that come with transforming a global organization on a new digital core,” said Jennifer Morgan, SAP executive board member. “Using SAP S/4HANA to build an intelligent platform, Accenture is well positioned to serve its wide-ranging business needs and prepare for future growth.”
Accenture is speaking about this initiative at SAPPHIRE® NOW, held June 5-7 in Orlando, Florida. More information can also be found here.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 442,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.
Copyright © 2018 Accenture. All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180605005061/en/
Julie Bennink, +1 312-693-7301
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS SOFTWARE PROFESSIONAL SERVICES FINANCE
Copyright Business Wire 2018.
PUB: 06/05/2018 08:59 AM/DISC: 06/05/2018 08:59 AM