Six-year deal from Swedish Union for Accenture

STOCKHOLM: Accenture has signed a six-year business process outsourcing (BPO) agreement with KF Shared Services AB — The Swedish Cooperative Union, to provide the KF Group and its subsidiaries with finance and accounting (F&A) services.

The agreement is designed to streamline KF’s F&A processes, while improving cost effectiveness and service delivery. Under the terms of the agreement Accenture will manage KF’s accounts payable, accounts receivable and record-to-report processes.

The services will be delivered through Accenture’s Global Delivery Network. The new contract builds on an existing relationship between the two companies, whereby Accenture has provided KF with management consulting and technology services, a press release added.

“Accenture’s ability to provide a qualitative and cost-effective solution coupled with its proven track record of delivering similar services for Swedish companies made it the ideal first choice for this program,” said Johnny Capor, chief financial officer of KF. “The work we have delivered together on technology and consulting projects has shown that Accenture combines both deep industry knowledge and a close understanding of our business.”

“KF’s decision to outsource F&A services to Accenture will offer both cost efficiencies and greater flexibility,” said Patrik Björkler, senior executive in Accenture’s Nordic outsourcing practice. “We are looking forward to continuing our collaboration with KF with this new program.”