OSLO, Norway--(BUSINESS WIRE)--
Accenture (NYSE:ACN) today announced it has been selected by Statoil ASA
(OSE:STL, NYSE:STO) to provide finance and control services globally on
an outsourced basis to help the company drive efficiencies and support
its global organization.
Under the terms of the agreement, Accenture will provide finance and
control outsourced services in the areas of joint venture reporting,
financial reporting, statutory and tax reporting, production and revenue
accounting, financial model and master data, cost allocation, collection
and indirect tax reporting, billing and trade accounting.
The aim of this agreement is to support Statoil in meeting the current
and future needs of its global organization. The finance and control
services to be provided by Accenture will support Statoil in providing
cost effective delivery and global expansion.
Accenture was selected based on its global footprint, upstream F&A
capabilities, flexibility and ability to support Statoil's long term
strategy. As well as its understanding of Statoil's organization and
context, its long-term partnership focus, its effective change
management processes, and its ability to support Statoil's goal of
delivering end-to-end services by cooperating with other service
providers in the vendor ecosystem.
"We are pleased to receive this opportunity to expand our
three-decade-long relationship with Statoil through this contract," said
John Downie, CEO of Europe, Africa and Latin America in Accenture
Resources operating group. "We look forward to provide finance and
control services in a cost-effective way on a global scale across the
Statoil ASA is an international energy company with operations in 34
countries. Building on 40 years of experience from oil and gas
production on the Norwegian continental shelf, Statoil is committed to
accommodating the world's energy needs in a responsible manner, applying
technology and creating innovative business solutions. Statoil is
headquartered in Stavanger, Norway, with approximately 23,000 employees
worldwide, and are listed on the Oslo and New York stock exchanges.
Accenture is a global management consulting, technology services and
outsourcing company, with approximately 281,000 people serving clients
in more than 120 countries. Combining unparalleled experience,
comprehensive capabilities across all industries and business functions,
and extensive research on the world's most successful companies,
Accenture collaborates with clients to help them become high-performance
businesses and governments. The company generated net revenues of US$
28.6 billion for the fiscal year ended Aug. 31, 2013. Its home page is www.accenture.com.