World News: 17:56 GMT Wednesday 15th May 2019. [Accenture via Businesswire via SPi World News]
Accenture (NYSE: ACN) has once again been named the Technology Advisory House of the Year by Energy Risk magazine for excellence in serving clients across global commodity markets — marking the fourth consecutive year that Accenture has received the award.
Announced recently at the Energy Risk annual awards in Houston, the award underscores Accenture’s growth and work in helping clients improve their commodities trading and risk management operations with services and solutions including new and emerging digital technologies.
The growth of Accenture’s commodity trading business in 2018 was driven by helping clients advance transformational programs to increase revenues, streamline business and technology operations, integrate newly acquired businesses, and optimize the end-to-end commodity value chain. Accenture continues to invest in a value chain optimization offering — which leverages skills and capabilities from across the company’s trading, supply chain, talent and organization, and applied intelligence consulting practices — to help energy clients unlock trapped value and margin across the commodity value chain.
Other growth enablers include a new dedicated commodity trading practice within Accenture Technology for large, complex trading and risk projects, systems integration and application outsourcing work.
“Our clients increasingly recognize that digital technologies are a significant enabler in improving margins in the inherently volatile commodities industries,” said Baris Ertan, who leads Accenture’s Trading & Commercial practice globally. “We’re pleased to once again receive this recognition from Energy Risk magazine, which we believe acknowledges that the broad range of services we can offer to our trading clients at scale is truly differentiating.”
Rachit Gupta, Vistra Energy’s Vice President – Generation / Wholesale Applications, recalled Accenture’s service on its Dynegy acquisition: “Upon acquiring Dynegy in 2018, we immediately engaged Accenture to lead the integration of Dynegy's complex business based on our successful history delivering in the commodities, trading and risk management space. We leveraged Accenture's market leading technology expertise coupled with its team of experienced utility industry advisers allowing us to execute our business case and achieve synergy targets.”
Accenture also received the Technology Advisory House of the Year award in 2018, 2017 and 2016. Structure Group, which Accenture acquired in 2015, received the award in 2010, 2012, 2013, 2014 and 2015.
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 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.
Business Wire: 17:56 GMT Wednesday 15th May 2019
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