OSLO; July 1, 2010 - Accenture (NYSE: ACN) has signed a five-year business process outsourcing (BPO) contract with Statoil, an international energy company with operations in 40 countries, to manage the company’s Accounts Payables processes. Financial details of the contract were not disclosed.
The agreement is designed to improve the efficiency and effectiveness of Statoil’s Accounts Payable function by reengineering processes and increasing automation supported through Accenture’s Global Delivery Network using centers in Norway, the Czech Republic and India. The delivery of the outsourced services is scheduled to begin in September 2010.
“We are excited and honored to have been awarded this contract by Statoil and are looking forward to continuing our long term collaboration in a new area,” said Kristian Kvam, executive director of Accenture’s Nordic Energy Industry Group. “This is an excellent opportunity for Statoil to leverage our market-leading BPO capability in the next step of its shared services journey.”
Accenture has worked with Statoil since the late 1970’s, in the areas of Management Consulting and Technology Services.