Back to top

Analyst Blog

Accenture plc (ACN - Analyst Report), in association with a SAP AG (SAP - Analyst Report) company, Ariba, has announced cloud-based services that would simplify procurement and finance and accounting (F&A) transactions of their clients.

Technology has changed the way people do business and consequently, there is scope for increasing efficiencies and lowering costs by automating and streamlining these routine functions. The alliance seeks to do just that by combining Accenture’s operations expertise with Ariba’s cloud platform and networking infrastructure.

Moreover, the collaboration will expedite joint solution development and increase time to value for clients across the globe. Also, the solution will improve the SAP application process and enhance collaboration between providers and suppliers.

The business process outsourcing (BPO) solutions will enable continuous process improvement and security, thereby helping clients to cut back fixed costs and reduce infrastructure risks. This would, in turn, help clients to better focus on their core business.

The association will also help both the companies to develop a structured "go-to-market" model to provide real time market information to clients. The success of the new enterprise mobility offerings will also strengthen the longstanding relationship between Accenture and SAP.

Furthermore, utilizing Ariba Network along with its cloud-based applications, Accenture will be in a better position to provide the next generation of BPO solutions to its clients, deliver enhanced performance and strengthen its position as a global leader in Software as a Service (SaaS) based applications.

Though we are unable to gauge the financial benefits, we remain encouraged by the close association that Accenture enjoys with this leading enterprise application software developer. This deal extension between the two tech giants will be mutually beneficial.

In spite of regular deal wins, competition continues to increase at a steady pace, especially from companies like International Business Machines (IBM - Analyst Report). Additionally, a strained spending environment as well as significant exposure to Europe may temper growth to some extent.

Currently, Accenture has a Zacks #2 Rank (Buy). Juniper Networks, Inc. (JNPR - Analyst Report) is a better-ranked stock in the technology sector with a Zacks Rank #1 (Strong Buy).
 

Read the Full Research Report on ACN
Read the Full Research Report on IBM
Read the Full Research Report on JNPR
Read the Full Research Report on SAP


Zacks Investment Research

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.00 +3.09%
SANCHEZ ENE… SN 34.18 +2.67%
THE PANTRY… PTRY 21.02 +2.09%
INTEL CP INTC 35.15 +1.88%
CLAYTON WIL… CWEI 117.30 +1.78%