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Accenture Hospitality Service for Marriott? (revised) - Analyst Blog
6/25/2013 8:30:00 AM
Bellwether hotelier Marriott International Inc. ( MAR ) made plans to transfer business services to Accenture ( ACN ) last week. Financial terms were not divulged, and the services are subject to final contract execution.
Accenture is expected to provide its Finance and Accounting (F&A) services to Marriott International for 10 full years. To give a better shape to the services, Accenture will collaborate with the Marriott Business Services (MBS) unit, a wholly-owned subsidiary of Marriott, engaged in managing F&A operations.
As per Marriott, its MBS unit lacks Accenture's economies of
scale and wide industry exposure. With Accenture's services,
operational costs of managing F&A for the hotels and resorts
under the Marriott-brand will be lowered.
Under the terms of the contract, Accenture will provide
consulting services to Elm's newly set up unit, Elm Learning,
Training & Development Solutions (Elm LTDs). We believe that
all these will drive solid top-line growth.
ACCENTURE PLC (ACN): Free Stock Analysis Report
INFORMATION SVC (III): Free Stock Analysis Report
MARRIOTT INTL-A (MAR): Free Stock Analysis Report
TOWERS WATSON (TW): Free Stock Analysis Report
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