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BP chooses Accenture as finance and accounting global outsourcing provider

Aug 20
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BP chooses Accenture as finance and accounting global outsourcing...

Accenture will become the global outsourcing provider of finance and accounting (F&A) services for one of the world's largest oil and gas companies, BP.

A deal between the two companies has been agreed, with Accenture consolidating the energy giant's F&A function through standardised reporting and metrics.

Furthermore, advanced analytics will improve business controls and drive greater insights into the organisation.

Arthur Hanna, managing director of the management consultancy's energy industry group, said: "BP's decision to select Accenture reflects our continued commitment over the past two decades to helping BP achieve its business objectives. We will continue to draw on our industry knowledge, leverage our capabilities worldwide and bring innovation to support BP's finance function."

The pair have a rich history of working together, having signed their first F&A deal 21 years ago.

Since then, BP has gone on to become one of the largest oil and gas companies, serving millions of people in more than 90 countries.

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