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MarketScreener Homepage  >  Equities  >  Nyse  >  Accenture    ACN   IE00B4BNMY34

ACCENTURE

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Accenture and SAP Co-Develop New Cloud-Based Solution to Help Utilities Companies Supercharge Business Processes and Customer Experiences

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11/11/2019 | 09:50am EST

NEW YORK; and WALLDORF, Germany -- Accenture (NYSE: ACN) and SAP SE (NYSE: SAP) announced they are co-innovating and co-developing the new SAP® Cloud for Utilities solution to help companies more effectively manage business processes and customer experiences. This initiative aims to elevate energy transition and customer experiences, helping companies quickly adapt and thrive in times of change.

SAP Cloud for Utilities will be an end-to-end integrated solution born of Project Elevate, announced in May 2019. The solution is designed to be deployed in a cloud or hybrid environment to help utility companies automate sales processes, freeing up more resources to create meaningful customer experiences that can result in loyalty and revenue. SAP Cloud for Utilities can incorporate intelligent technologies and real-time business insights, building extensive capabilities around marketing, service, commerce, product bundling, self-service, fulfillment of complex services and subscription billing for commodity and non-commodity products.

"Working with SAP and our utility industry co-innovation group to accelerate developing SAP's cloud-based platform for utilities can enable our clients to better create new experiences for their customers while streamlining back office operations," said Jean-Marc Ollagnier, group chief executive for Accenture's Resources business. "These benefits are important for utilities to be more competitive in markets that are under growing pressure due to advancing technology and changing consumer preferences, including better home energy efficiency and increased interest in renewable energy sources."

The solution will be built on the market-leading SAP C/4HANA® suite, SAP S/4HANA® Cloud and SAP S/4HANA and will use deep product knowledge and industry and customer management capabilities from Accenture Technology and Accenture Interactive. Developers and industry specialists from Accenture and SAP are working together to help create unified, authentic and personalized customer touchpoints. Their mission is to provide unique industry insights, agile methodologies and integration capabilities that accelerate the advanced features of SAP C/4HANA and SAP S/4HANA across marketing, sales, commerce, service, billing and revenue management and customer data. Accenture and SAP also plan to integrate data with Experience Management solutions from SAP and existing operational data to help enable utility companies manage end-to-end core processes, networks and employees more efficiently.

"SAP Cloud for Utilities is our strategic cloud solution, designed to support lead-to-cash processes that can enable utilities to capture new opportunities and develop fresh business models in the dynamic market for innovative commodity and non-commodity products," SAP Industries Co-President Peter Maier said. "The industry needs to create great customer experiences with integrated solutions for short time-to-market and low cost-to-serve."

This initiative also includes the formation of an industry co-innovation group comprised of leading global utility companies to help define and design SAP Cloud for Utilities. Fifteen utility companies representing over 100 million customer contracts globally have already joined the co-innovation group including EDP, rku.it, Conergos, Innogy, and MVV. The co-innovation group is still open for utility companies to become early adopters and active contributors.

This agreement further advances SAP's long-standing collaboration with Accenture, building on years of successful co-development and go-to-market activities related to SAP S/4HANA and across collaboration across multiple industries.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions - underpinned by the world's largest delivery network - Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 492,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

About SAP

As the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world's transaction revenue touches an SAP® system. Our machine learning, Internet of Things, and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want - without disruption. Our end-to-end suite of applications and services enable more than 437,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com.

SAP Forward-looking Statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Copyright © 2019 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.

# # #

Contact:

Julie Bennink

Accenture

+1 312 693 7301

julie.l.bennink@accenture.com

Guy Cantwell

Accenture

+1 281 900 9089

guy.cantwell@accenture.com

.

(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
ACCENTURE 1.35% 202.55 Delayed Quote.43.64%
EXPERIENCNPV -2.13% 0.23 End-of-day quote.-24.59%
SAP AG 0.79% 122.2 Delayed Quote.40.57%
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