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Procurement has already established itself as a key lever for driving cost savings that can be used to fund growth and innovation—but in today’s economy that is not enough for high performance. Chief procurement officers and chief financial officers are increasingly turning to business process outsourcing (BPO) to help them deliver deeper business benefits.
According to Accenture research, there are strong links between procurement mastery and procurement BPO: Procurement masters achieved savings that are 30 percent higher than low performers—despite running procurement organizations that cost half as much to operate. Procurement masters show a significantly greater take-up of BPO than their less successful competitors.
Accenture is taking the relationship one step further with our next-generation procurement BPO solution that we are delivering to more than 100 clients around the world. Our solution leverages a unique combination of industry and category expertise, real-time market intelligence and analytics, end-to-end processes, and proprietary technology platforms to maximize business outcomes for our clients.
Accenture’s solution is flexible and modular to suit each client’s needs. To further support our clients, Accenture provides proven stakeholder and journey management practices to ensure successful transformations and deliver the business outcomes our clients are seeking.
Accenture can help clients achieve high performance through procurement BPO by supplementing in-house capabilities with thought leadership, tools and end-to-end process management that lowers risk and increases speed-to-value.
Industry experience. Our work with Fortune 500 companies gives us the breadth to provide procurement BPO services that deliver real business benefits.
Analytics/insight/innovation. We leverage our leadership in analytics to identify opportunities to add value to our clients’ businesses.
Technology. Accenture has made major investments in technologies, such as software as a service, cloud computing and mobility solutions, that give us greater delivery flexibility and options for our clients.
Accenture offers a full suite of Source to Pay BPO services. We focus on accelerating procurement transformation and speed to value through an end-to-end Source to Pay approach, including:
Our sourcing and category management services include sourcing, demand management and supplier performance management to deliver increased visibility, year-on-year category plans, analytics and insight resulting in better deals and contracts.
Our procure to pay services achieves business process transformation and improved efficiency resulting in improved compliance to ensure that savings stick. Our clients also receive better visibility and controls throughout the enterprise with process efficiencies and reduced operating costs of 20 percent to 50 percent.
Our source to pay services leverage both sourcing and category management and procure to pay to maximize the value of closed loop procurement. Our end-to-end process drives compliance and locks in realized savings.
Learn More About Our Capabilities:
Enterprise Energy Management & Procurement
Sourcing and Procurement Services
Horses for Sources Blog (HfS Research)
Contact us to find out how Accenture can help your company improve its performance through next-generation procurement BPO.
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