Ceva outsources financial functions to Accenture

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Ceva is outsourcing some of its finance and accounting functions to Accenture in a five deal.

The services Accenture will provide include accounts payable, accounts receivable, month end close, balance sheet reconciliations and reporting. Accenture will ultimately provide these F&A services to Ceva through the Accenture Global Delivery Network using delivery centres in India, Romania and Argentina.

It is also providing management consulting services focusing on the harmonization and redesign of a number of Ceva’s operational processes. The bundling of the management consulting services alongside F&A business process outsourcing will allow Ceva to accelerate the transformation of its finance function across both the outsourced and retained organisation by focusing on the end to end business processes.

“With its strong background in business transformation and BPO, Accenture was an obvious partner for Ceva,” said Ceva’s chief financial officer Rubin McDougal. “Accenture already has a strong working knowledge of our operations which is helping the transformation process.”

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