Zurich Insurance Group has enlisted the help of Accenture to streamline its global finance IT function using SAP solutions under a five-year application services agreement signed in 2012.
The initiative, which is being implemented through Accenture Finance and Risk Services, is designed to help Zurich further improve its finance IT processes, better align the finance IT function to support the company’s objectives, and reduce costs.
“Our goal is to generate the most value from our applications, working with our Finance leadership, to build the foundation for a world-class finance organisation,” said Markus Nordlin, Chief Information Technology Officer, Zurich.
Accenture is developing, implementing and managing finance and business intelligence applications that support the insurer’s operations in North America, Germany, Switzerland and the United Kingdom.
The applications are based on SAP solutions and support a range of processes including accounts payable, accounts receivable, month-end close and balance-sheet reconciliations.
“Accenture’s global track record in SAP application services and finance transformation projects, combined with its deep industry knowledge, makes it an ideal partner to help us drive higher returns on our IT spend and align IT more closely with our business strategy,” Nordlin added.
