23 May 2018
visit www.ebaday.com

Deutsche Bank outsources procurement to Accenture

30 January 2004  |  7021 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  |  4283 views  |  0 comments
Deutsche talks up single global payments platform

Deutsche talks up single global payments platform

20 October 2003  |  4008 views  |  0 comments
Postbank to acquire Deutsche and Dresdner payments subsidiaries

Postbank to acquire Deutsche and Dresdner payments subsidiaries

01 October 2003  |  5162 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  |  8808 views  |  0 comments
Deutsche Bank refutes IT outsourcing speculation

Deutsche Bank refutes IT outsourcing speculation

31 July 2003  |  8483 views  |  0 comments
Deutsche Bank to outsource half of IT staff - FT

Deutsche Bank to outsource half of IT staff - FT

29 July 2003  |  28863 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit response.ncr.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
9890 views comments | 16 tweets | 28 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
8713 views comments | 6 tweets | 5 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7366 views comments | 8 tweets | 5 linkedin
SEC lures wannabe crypto investors with fake ICO siteSEC lures wannabe crypto investors with fa...
6882 views comments | 7 tweets | 11 linkedin
Fed governor: Digital tokens for financial settlement hold promise for central banksFed governor: Digital tokens for financial...
6587 views comments | 7 tweets | 11 linkedin

Featured job

Six-Figure Base + OTE + Benefits
London, UK

Find your next job