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ACCENTURE PLC

(ACN)
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Delayed Nyse  -  04:00 2022-09-27 pm EDT
256.34 USD   -0.47%
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Accenture Plc : Accenture Helps Modernize India's Maharashtra Sales Tax Department

10/16/2013 | 07:01am EDT

Accenture (NYSE:ACN) is undertaking a management consulting project to help transform the Maharashtra Government's Department of Sales Tax to maximize revenue collection and strengthen its enforcement function.

Accenture also will identify a service provider to upgrade the department's technology infrastructure with the goal of increasing efficiency and updating record maintenance so historical data will be easier to access and identify. The improvements also are expected to make it easier for taxpayers to interact with the department.

"The Department of Sales Tax is a major revenue collecting body for the government of Maharashtra, contributing about 60 percent of all revenue," said Nilaya Varma, managing director for Accenture's Health & Public Service management consulting business in India. "The project will facilitate improved business processes and create multiple channels for service delivery, facilitating prompt action that will lead to improved services and more interactive communication."

The state of Maharashtra has always been a leader in automation in the government sector, and the programs it implements will become a benchmark for other states, Varma added.

Dr. Nitin Kareer, Indian Administrative Services, is commissioner of Sales Tax. Kareer said that a comprehensive automation of the department identified issues like flexibility, scalability and integrity of data in the current system.

"Compounding the matter were the needs of departmental staff which have increased to include workflow automation and smarter systems that can aid in decision making. Accenture has spearheaded a multitude of projects in analytics consulting and, through this partnership, we hope to achieve efficiency in our existing processes," Kareer said. "The simplification and streamlining of procedures will support the department in achieving a better control on tax evasion with the help of technology. It also will help in reducing administrative overhead, which is another plus in a time of economic uncertainties."

Learn more about Accenture's work with public service agencies around the world and its global program, Delivering Public Service for the Future.

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with approximately 275,000 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.

Accenture
Puja Gupta, + 91 11 429 80247
+ 91 981 888 3851 (mobile)
puja.x.gupta@accenture.com


© Business Wire 2013
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Financials (USD)
Sales 2022 61 572 M - -
Net income 2022 6 891 M - -
Net cash 2022 8 663 M - -
P/E ratio 2022 23,9x
Yield 2022 1,51%
Capitalization 162 B 162 B -
EV / Sales 2022 2,49x
EV / Sales 2023 2,39x
Nbr of Employees 721 000
Free-Float 90,7%
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Number of Analysts 24
Last Close Price 256,34 $
Average target price 311,24 $
Spread / Average Target 21,4%
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Julie Spellman Sweet Chairman & Chief Executive Officer
KC McClure Chief Financial Officer
Paul R. Daugherty Group Chief Executive Officer-Technology Division
Penelope Prett Chief Information Officer
Manish Sharma Group Chief Executive-Accenture Operations
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