Wednesday, January 16, 2008 , Updated
Dallas-based Comerica awards procurement services contract to Accenture
DALLAS — Comerica Incorporated today announced it has awarded a procurement services contract to Bermuda-based consulting firm Accenture. Financial terms of the seven-year business process outsourcing agreement were not disclosed.
Photo not provided by Comerica, Accenture
It's always happy fun time when the consultants are brought in
The agreement is designed to reduce Comerica's costs for purchased goods and services through improvements to supplier relationships, procurement operations and technology, and spend management.
"We believe this agreement will reduce our operating expense base, enhance our current procurement capabilities, and enable more efficient growth," said Elizabeth S. Acton, executive vice president and chief financial officer.
Under the agreement, Accenture will provide Comerica with a full range of source-to-pay capabilities, including strategic sourcing and category management, requisition-to-purchase-order processing, invoice processing, and travel and expense processing. These capabilities will be supported by Accenture's source-to-pay technology platform.
Source: Comerica
