The Accenture Finance transformation has already contributed to a reduction in Accenture’s overall general and administrative costs from 9.8% to 6.4% of revenues since fiscal year 2005, leading to more than $1.5 billion in annual savings in fiscal year 2020. Using one financial system of record—a single global instance of SAP—we can operate better, faster and more cost-effectively. For example, we are able to process annually $900 million expense payments, 135,000 contractual records and more than 618,000 client invoices.
Benefits are broader than the impact on Finance’s cost to serve. As Accenture Finance continues to evolve from traditional finance activities to an intelligent finance operation, we drive further value, insight and risk management across Accenture as a whole, enabled by new processes, technologies and a digital workforce.
Accenture Finance continues to identify and target areas of new value across the business. As our strategy evolves further to help position Accenture as a leader, we support an economic engine that continues to increase stakeholder value by driving:
- Market-leading revenue growth
- Strong earnings growth, including sustainable margin expansion
- Strong cash flow, with smart and disciplined capital allocation
Highlights of Accenture Finance achievements include: