Accenture provides IT and financial services to BMS
Global management Consulting, technology services and outsourcing company Accenture has signed a new 10-year, US$550m (Euro 401m) agreement with Bristol-Myers Squibb (BMS) for a range of finance and accounting and application development and maintenance services.
Global management Consulting, technology services and outsourcing company Accenture has signed a new 10-year, US$550m (Euro 401m) agreement with Bristol-Myers Squibb (BMS) for a range of finance and accounting and application development and maintenance services.
The "bundled" services agreement extends a four-year outsourcing agreement the two companies signed in 2004 for application maintenance and accounts payable services and expands the scope to include additional application maintenance services, application development services and global financial support services.
Accenture will provide these services to Bristol-Myers Squibb in the Americas, Asia and EMEA regions in 22 languages through Accenture's Global Delivery Network, which includes more than 50 delivery centres across five continents.
The agreement provides dedicated global IT and financial support services to BMS to help achieve operational cost savings and flexibility. The agreement is also designed to enable BMS to more effectively manage its business by providing a variable cost structure to address economic factors, such as patent lifecycles.
"This agreement enables us to continue to leverage Accenture's capabilities and integrate them with our Bristol-Myers Squibb employees, creating high performance teams to improve our productivity and support our strategic transformation to a next-generation BioPharma company," said Paul von Autenried, vice president and CIO, BMS.
"It gives us greater flexibility, allowing the company to focus on what we do best - discover and develop medicines ."