23 January 2018
visit www.ebaday.com

Deutsche Bank outsources procurement to Accenture

30 January 2004  |  6935 views  |  0 Deutsch Bank

Deutsche Bank has agreed to outsource its international corporate purchasing and invoicing operations to Accenture. Terms of the contract were not disclosed.

Under the services agreement, Accenture will manage Deutsche Bank's global procurement-to-payment processes but the bank will continue choose its suppliers and approve purchasing and payment procedures.

The global agreement with Accenture will consist of individual, country-specific contracts.

Deutsche says the move will cut costs and is in line with its strategy to concentrate on its core competencies.

The Frankfurt-based bank signed a 10 year, EUR2.5 billion contract with IBM, in December 2002 for the management of IT resources across Europe. Last year the bank denied reports that it was considering outsourcing or relocating a further 5500 IT jobs abroad.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Deutsche Bank sells EUR1bn property portfolio to Blackstone

Deutsche Bank sells EUR1bn property portfolio to Blackstone

24 November 2003  |  4236 views  |  0 comments
Deutsche talks up single global payments platform

Deutsche talks up single global payments platform

20 October 2003  |  3964 views  |  0 comments
Postbank to acquire Deutsche and Dresdner payments subsidiaries

Postbank to acquire Deutsche and Dresdner payments subsidiaries

01 October 2003  |  5105 views  |  0 comments
Deutsche Bank to outsource software development; sell property to Blackstone

Deutsche Bank to outsource software development; sell property to Blackstone

29 September 2003  |  8744 views  |  0 comments
Deutsche Bank refutes IT outsourcing speculation

Deutsche Bank refutes IT outsourcing speculation

31 July 2003  |  8441 views  |  0 comments
Deutsche Bank to outsource half of IT staff - FT

Deutsche Bank to outsource half of IT staff - FT

29 July 2003  |  28822 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.ebaday.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9317 views comments | 37 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9165 views comments | 14 tweets | 14 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8948 views comments | 12 tweets | 12 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8272 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
6910 views comments | 13 tweets | 25 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job