Accenture Identified as Top Player in Finance Procurement Outsourcing
October 7th, 2009NEW YORK–(Business Wire)– Accenture (NYSE: ACN) has been named the leader in procurement outsourcing services within the financial services industry by Everest Research Institute, part of Everest Group, a leading global consulting firm specializing in sourcing
strategy and implementation. Accenture topped the list because of the company`s
experience, breadth of service offerings and 95 percent market share by
annualized contract value.
A total of 17 major service providers across the globe were evaluated for the
report, entitled, “Procurement Outsourcing in Financial Services: From Wall
Street to Martin Place.” As part of the study, Everest Group reviewed multi-year
contracts that involved the outsourcing of three or more activities ranging from
sourcing to payment.
Procurement outsourcing is considered a “gold mine” for financial services
institutions because of the sheer amount of savings that can be realized, said
Katrina Menzigian, vice president of Everest Research Institute.
“Our research indicates that procurement outsourcing can save a $10 billion
financial services organization between $50 and $100 …
