Accenture Positioned as a Leader & Star Performer in Everest Group’s Procurement Outsourcing Services Peak Matrix Assessmen...
May 29 2019 - 11:30AM
Business Wire
Accenture (NYSE: ACN) has been positioned as a Leader in
Everest Group’s Procurement Outsourcing (PO) – Service Provider
Landscape with Services PEAK Matrix™ Assessment 2019. The annual
report and PEAK Matrix provide businesses with a framework to
measure the relative market success and capabilities of global
service providers.
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Positioned as a Star Performer and a
Leader, Accenture places high on the PEAK Matrix for Market Impact
and Vision & Capability (Graphic: Business Wire)
In this year’s assessment, Accenture placed high on the PEAK
Matrix two axes: Market Impact, which measures market adoption,
portfolio mix and value; and Vision & Capability, which
measures vision & strategy, scope of services offered,
innovation & investments and the delivery footprint.
This year, Everest Group also recognized Accenture as a Star
Performer. This title is given to companies that have achieved the
greatest year-on-year positive movement on the PEAK Matrix.
Contributing to this designation was Accenture’s posting of one of
the highest revenue growth totals in 2018. Since 2011, Accenture
has been positioned a Star Performer in procurement
outsourcing.
On the Market Impact of Accenture’s procurement outsourcing
offering, the report points to the company’s strong improvement in
overall buyer satisfaction in 2018 compared to the previous year.
With regard to the Vision & Capability assessment, Everest
Group noted several important advances from last year, including
Accenture’s continued investments in improving its RadixOne
platform, and investments in building digital solutions, such as
digital procurement agent, procurement market intelligence advisor,
and category- and industry-specific market intelligence apps.
Shirley Hung, vice president at Everest Group, said, “One of the
major trends to emerge this year is a shift in focus on the part of
procurement outsourcing service providers away from cost reduction
to driving improved business outcomes. With its high level of
investment in advanced digital solutions and its comprehensive
approach to building data-driven procurement ecosystems, Accenture
is at the forefront of this change.”
Accenture strengths highlighted in the report include its:
- Focus on an integrated offering
including both direct and indirect procurement spend as well as
supply chain services;
- Continued investments in building
next-generation digital solutions and expanded capabilities of the
RadixOne platform;
- Buyer portal to streamline the buying
process and reduce procurement involvement, primarily for low-value
sourcing;
- Vision for procurement which includes a
people + digital collaborative ecosystem, where data, insights, and
artificial intelligence (AI) work in cohesion with adaptive
experienced resources; and
- Deep domain knowledge, strong delivery
focus and efficient sourcing & contracting processes, and
proactive management of stakeholders, as noted by clients.
Keith Hausmann, global procurement business process services
lead at Accenture, added, “We’ve invested heavily to ensure clients
have the optimal capabilities to complete the end-to-end digital
transformation of source-to-pay. Everest Group’s assessment, with
feedback from clients, shows that we continue to drive business
value. It also highlights a core pillar of Accenture’s procurement
vision – which is always having an eye on future-proofing our
clients’ business operations for competitive differentiation.
That’s why we recently launched SynOps, an innovative human-machine
operating engine that optimizes people, technology, data and
intelligence, to help clients achieve previously unimaginable
business results. Today, every business is a digital business and
one of the keys to success will be how they use emerging
technologies, such as advanced AI and automation, to enable
real-time operational intelligence.”
The report examines 16 PO service providers, evaluating their
Market Impact and Vision & Capability using the proprietary
framework of the Everest Group PEAK Matrix. Everest Group’s full
assessment can be accessed here.
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 approximately
477,000 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.
Copyright © 2019 Accenture. All rights reserved. Accenture, its
logo, and High Performance Delivered are trademarks of
Accenture.
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Mylissa TsaiAccenture+1 917 452
9729mylissa.tsai@accenture.com
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