Ace technical and management solutions provider
) recently clinched a business process outsourcing (BPO) deal
with fast-moving-consumer-goods (FMCG) giant
). Financial terms of the 5-year deal were kept confidential.
Per the terms of the deal, Accenture will continue to provide its
human resource (HR) services to support 130,000 Unilever staff
across 100 countries. The contract is the extension of a previous
contract awarded by Unilever in 2006.
Accenture's HR services include recruitment, reward and HR
administration, learning services, learning system hosting,
payroll administration, and management and administrative
services. The enhanced HR program will enable Unilever employees
to get better acquainted with business goals and to upgrade
themselves to deliver better services. Accenture will also
monitor the performance of the trained employees to gauge whether
they match up to management expectations.
Leveraging Accenture's HR services, Unilever will be able to
transform its existing employees as well as new recruits to
prospective intellectual assets. This will ultimately help
Unilever to grow its business and profitability.
Over the years, Accenture has excelled in providing unmatched
outsourcing services to the consumer goods industry. The
company's rich industry expertise led companies to operate their
businesses in a superior way with the help of existing resources.
It is the reason behind Accenture's 10-year long relationship
with the FMCG giant.
These days most of the large companies often outsource certain
business processes (financial, HR, marketing, IT services) to
some external entities. This allows the companies to better focus
on core competencies to boost profitability. According to
Business Processing Association of the Philippines (BPAP),
revenues from BPO market could reach $16 billion in 2013 from
$13.6 billion projected for 2012.
We believe Accenture to be well positioned to capitalize on the
growth prospect. But similar product offerings from the likes of
Computer Sciences Corp.
International Business Machines Inc.
) are concerns.
Currently, Accenture has a Zacks #3 Rank, (Hold). Computer
Sciences has a Zacks #1 Rank, (Strong Buy) and IBM has a Zacks #3
ACCENTURE PLC (ACN): Free Stock Analysis
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INTL BUS MACH (IBM): Free Stock Analysis
UNILEVER PLC (UL): Free Stock Analysis Report
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