Accenture has signed an outsourcing deal with Statoil ASA, an energy company with operations in 34 countries, to supply finance and control services to drive efficiencies and support its organization.
Accenture will offer 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.
The Norway headquartered Statoil selected Accenture based on its global footprint, upstream F&A capabilities, flexibility and ability to support Statoil’s long term strategy. Accenture’s understanding of Statoil’s organization and context, effective change management processes, and ability to support Statoil’s goal of delivering services by cooperating with other service providers in the vendor ecosystem were the other factors.
