Media & Entertainment Technology Company: Finance & Accounting Outsourcing

It offers end-to-end solutions to content creators, video network operators and retailers through its many brands. With operations in more than 30 countries, it employs about 60,000 people.

Like many organizations of its size, this company found itself with a host of disparate, localized finance and accounting functions. This was partly due to an aggressive acquisition strategy that had brought a number of new companies into its family in a short period.

To address this problem, the company wanted to establish a series of shared service centers that would consolidate its far-flung finance and accounting functions. It also sought to better balance its finance work load and adapt to economic changes and technological advances.

Accenture quickly teamed with this company to design and implement a multi-country shared services operation program. In less than a year, an Accenture Finance & Performance Management team oversaw the creation of three shared service centers in Europe and the Americas. This effort included transitioning about 250 client employees to Accenture Finance Solutions.

By outsourcing its finance and accounting functions to Accenture, the company is harmonizing and streamlining its global finance and accounting processes. This move is expected to deliver year-to-year cost reductions over the next 10 years.

The partnership with Accenture is also helping the company react to business changes more nimbly and make better decisions more quickly.