), in association with a
) company, Ariba, has announced cloud-based services that would
simplify procurement and finance and accounting (F&A)
transactions of their clients.
Technology has changed the way people do business and
consequently, there is scope for increasing efficiencies and
lowering costs by automating and streamlining these routine
functions. The alliance seeks to do just that by combining
Accenture's operations expertise with Ariba's cloud platform and
Moreover, the collaboration will expedite joint solution
development and increase time to value for clients across the
globe. Also, the solution will improve the SAP application
process and enhance collaboration between providers and
The business process outsourcing (BPO) solutions will enable
continuous process improvement and security, thereby helping
clients to cut back fixed costs and reduce infrastructure risks.
This would, in turn, help clients to better focus on their core
The association will also help both the companies to develop a
structured "go-to-market" model to provide real time market
information to clients. The success of the new enterprise
mobility offerings will also strengthen the longstanding
relationship between Accenture and SAP.
Furthermore, utilizing Ariba Network along with its cloud-based
applications, Accenture will be in a better position to provide
the next generation of BPO solutions to its clients, deliver
enhanced performance and strengthen its position as a global
leader in Software as a Service (SaaS) based applications.
Though we are unable to gauge the financial benefits, we remain
encouraged by the close association that Accenture enjoys with
this leading enterprise application software developer. This deal
extension between the two tech giants will be mutually
In spite of regular deal wins, competition continues to increase
at a steady pace, especially from companies like
International Business Machines
). Additionally, a strained spending environment as well as
significant exposure to Europe may temper growth to some extent.
Currently, Accenture has a Zacks #2 Rank (Buy).
Juniper Networks, Inc.
) is a better-ranked stock in the technology sector with a Zacks
Rank #1 (Strong Buy).
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