HARTFORD, Conn.; Dec. 9, 2011 – Accenture (NYSE: ACN) has signed multi-year agreements with The Hartford (NYSE: HIG) to assist in the transformation of The Hartford’s finance department. Accenture will provide The Hartford with management and technology consulting as well as finance and accounting (F&A) business process outsourcing (BPO) services. Terms of the contracts were not disclosed.
According to the agreements, Accenture will help The Hartford:
• Simplify and standardize processes and tools across the finance department;
• Identify appropriate investments in technologies to increase speed to market;
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• Improve process consistency and reduce cost;
• Streamline the finance organization to empower leaders, remove redundant oversight; and increase the speed of decision-making.
“The Hartford and Accenture have been working together since 1995 on a wide range of business and technology initiatives, including systems integration and consulting,” said Gary Fink, Financial Services managing director of Accenture Finance and Risk Services for North America. “We are pleased to have been selected by The Hartford for their enterprise finance transformation project. We look forward to working with The Hartford and helping them to create the foundation for high-performance finance.”