Accenture Extends Partnership with SAP to Support Oil and Gas



What’s the extended partnership?

Accenture (ACN) has extended its alliance with SAP to build a SAP S/4HANA Cloud solution, which could be extremely useful to oil and gas companies. The new cloud offering provides better operational and cash flow clarity by integrating with AI, mobility, and blockchain.

Oil and gas companies can gain access to the new SAP S/4HANA Cloud solution through public and private cloud platforms. The new solution could help oil and gas companies reduce operational expenses through proper implementation of cloud technology. It could also offer better flexibility and boost those companies’ performances.

Accenture continues to gain from the partnership, which is well reflected in its top line. In the last five quarters, the company’s revenue grew at a CAGR (compound annual growth rate) of 5.1%. We can see the company’s increasing revenue trend in the above graph.

Article continues below advertisement

How enhanced Accenture myWizard could be helpful

Accenture also strengthened its Accenture myWizard by combining AI, automation, analytics, and DevOps. The Accenture myWizard, the tech giant’s advanced intelligent automation platform, may help companies boost efficiency and slash costs.

Accenture myWizard also combines AI platforms and tools from other partners, including Amazon (AMZN), Akamai Technologies, Automation Anywhere, IBM (IBM), Microsoft (MSFT), and ServiceNow (NOW), to boost its performance.


More From Market Realist