British Petroleum (BP) has extended the agreement with Accenture to continue provision of the finance and accounting (F&A) business process services through 2021.
As per the agreement, which was last revised in 2012, Accenture will provide BP with finance and accounting (F&A) operations and services such as purchase-to-pay, order-to-cash, record-to-report, hydrocarbon (oil and gas) value chain accounting, as well as procurement services.
Accenture says that it will use intelligent automation and advanced analytics capabilities, along with its experience in the industry to bring continued efficiency and improvements in productivity.
BP Global Business Services vice president Brian Puffer said: “Since 2012, Accenture has teamed with BP’s Global Business Services (GBS) function to drive end-to-end process efficiencies, standardisation and controls.
“We look forward to their continued support and significant automation and productivity gains over the next five years.”
The services will be provided by Accenture through its Global Delivery Centres in Bangalore, Manila, Buenos Aires, Krakow, San Antonio and Milton Keynes.
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Accenture energy industry group managing director Andrew Smart said, “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.
“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.”
Under the contract, Accenture helped BP to consolidate its global F&A through standardised reporting and metrics with the help of advanced analytics to improve business controls and offer better insights into the business.
Apart from this BP also leveraged Accenture’s industry processes, industry knowledge and business process outsourcing technologies to drive end-to-end process standardisation and controls.
Accenture energy industry group managing director Andrew Smart said: “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.
“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.”
