Accenture Finance and Accounting BPO Services: Canada

Accenture teams with its clients in Canada to redefine their finance operations and enable a sharper focus on their core business. It’s no accident that high-performance businesses have a high performing finance organization behind them. Indeed, our research shows a 74 percent correlation between the two.

High-performing businesses use a financial strategy to differentiate themselves and achieve superior results. This “mastery of finance” calls on intelligent technologies, organizational structures and best practice processes. This, in turn, engenders high-quality, effective operations.

Our finance and accounting business process outsourcing (BPO) provides a clear path to achieve this high performance in finance operations. We offer a unique set of tools designed to reduce risk and increase finance efficiency. We work closely with finance leaders to help them achieve high performance through measurable improvements including:

• Streamlined financial operations.
• A value-upside potential outweighing cost reductions.
• Transformational business results with less risk and less capital.
• A pricing model variable with gain share.
• Full implementation in less than one year.
• Substantial and sustained operating cost savings.

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Find out more about Accenture Finance and Accounting BPO Services. [PDF, 142K]
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What the Analysts Say
“Accenture is ranked as the leading finance and accounting BPO service provider.” Copyright © Everest Research Institute. Source: Finance and Accounting Outsourcing Annual Report, September 2005.

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Learn more about how Accenture delivers value to our clients (7 min.)

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Accenture is the market leader in finance and accounting BPO services. We team with our clients to redefine their finance operations, unleash value, improve the bottom line and focus on their core business.

Here’s what you get when you team with Accenture:

• Proven transformational capability and a collaborative client-centric approach with a relentless focus on quality, control and operational excellence.
• Robust global delivery through our team of more than 6,000 experienced finance and accounting professionals.
• Service to more than 50 countries in 37 languages.
• An integrated finance and performance management consulting practice that has 1,700 experts providing innovative, creative solutions.
• A proven track record on reducing operating costs—an average of 50 percent for five oil companies; 40 percent for a global logistics company.
• Financial Reporting—Decreased time to produce financial statements by 20 percent in first three months; accelerated monthly close from 11 to six days.
• Improved credit and collections—47 percent days sales outstanding reduction over four years, freeing up approximately $1 billion of working capital for a global telecommunications company.
• Contract compliance—Generated savings of more than $55 million due to overpayments for North Sea oil companies.

Observers agree that our services rate as the best:

• According to a recent Everest Group study, Accenture has the leading market share (33 percent) of finance and accounting outsourcing.
• IDC said we are a “powerhouse in global F&A BPO.”
• AMR Research ranked us as the lowest risk provider in their Finance BPO providers matrix.

What our Clients Say About Us

"Deciding to transition [to India] was a big step for us. I was nervous about putting a large amount of our accounting, which is a key service for us, offshore. I actually went out to Bangalore met the people there and was very impressed with the service quality, the quality of the staff Accenture was recruiting and the quality of the management teams. That gave us a lot of confidence that Accenture would be able to deliver on this. Certainly the transition has gone very smoothly. We have now very much moved from project phase into business as usual."
—Stuart Young, Finance and Commercial Director EMEA, Exel.

Our capabilities span a full suite of finance and accounting BPO services covering the entire finance value chain:

• Core Services Include:
  • Procure to pay.
  • Order to cash.
  • Assets acquire to retire.
  • Cash and banking.
  • Finance application management.
  • Finance management and control.
• Value-Added Services Include:
  • Compliance and recovery management, income statement, cash flow and balance sheet optimization.
  • Business analytics and performance management.
• Retained Finance Services Include:
  • Finance strategy and organization design, finance skills and competency, finance change management.

Our tools work around standard enterprise resource planning systems so that we can work with your legacy system or help you transition to a new platform. Innovative solutions also can be customized to give you new capabilities to improve the accessibility of business data and the quality of decision support.

• Accenture Vendor Payment Services—An automated accounts payable tool that integrates leading-edge technology and processes into an end-to-end solution.
• Accenture Client Service Reporting Portals—Customized, single point of contact portals providing up-to-date service performance information online.
• Accenture Quality Control Database—Documents client-specific processes and controls and embeds them in day-to-day activity.
• Accenture Business Continuity Management—Comprehensive toolkit to enable the re-establishment of normal business as quickly as possible after an incident.
• Accenture Credit & Collections—Effective credit processes can significantly improve an organization’s working capital.
• Accenture Performance Management Reporting Portals—Ensure consistent process and service quality across our delivery centre network.
• Accenture Career Management Toolset—Contains a range of tools to support the career progression of our people.
• Accenture Help Desk—Accessed by client’s employees, customers and vendors, it also tracks the progress of incidents and issues.