Accenture has signed a six-year BPO agreement with KF Shared Services AB – The Swedish Cooperative Union, to provide the KF Group and its subsidiaries with Finance and Accounting (F&A) services. The agreement is designed to streamline KF’s F&A processes, while improving cost effectiveness and service delivery. Under the terms of the agreement Accenture will manage KF’s accounts payable, accounts receivable and record-to-report processes.
The new contract builds on an existing relationship between the two companies, whereby Accenture has provided KF with management consulting and technology services. “Accenture’s ability to provide a qualitative and cost-effective solution coupled with its proven track record of delivering similar services for Swedish companies made it the ideal first choice for this program,” said Johnny Capor, Chief Financial Officer of KF.
Proservartner Point of View: Accenture have been having great success in Scandinavia in recent times, and this win follows that with Statoil and SAS Scandinavian Airlines. In each of these transactions that have been signed this calendar year, Accenture is providing Finance BPO services, and has won the work largely through sole sourcing and its great relationship with these organisations.
2010 has been a good year for Accenture, who have focused on their strong client relationship to win transformation BPO contracts with clients from a range of industries and geographies, and there is nothing to suggest that 2011 will not be another good year.