Accenture buys UK firm PureApps to transform CFOs for the digital age

10 Jun 2014374 Views

Global consulting giant Accenture has acquired UK-based enterprise performance management (EPM) software company PureApps for an undisclosed sum.

Global consulting giant Accenture has acquired UK-based enterprise performance management (EPM) software company PureApps for an undisclosed sum.

PureApps’ technology helps clients use financial insight and analysis to improve organisational effectiveness through better cost management.

Accenture says the acquisition will strengthen its end-to-end EPM capabilities and help CFOs transform the finance function through the use of emerging digital technologies.

PureApps enables CFOs to report and analyse enterprise performance, accurately forecast business results and work with business units to transform these insights into action.

The company will be integrated into Accenture’s Finance and Enterprise Performance practice, part of Accenture Strategy.

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Turning strategy into execution

“EPM is experiencing strong growth, driven by the demands of CFOs who are being asked to play a more central role in enhancing the organisational agility of businesses in response to rapidly changing markets,” said Chris Wright, managing director, Finance and Enterprise Performance practice at Accenture Strategy, UK and Ireland.

“Success depends on being able to turn strategy into execution more effectively and comprehensive performance management capabilities are critical to achieving that.

“The combination of Accenture and PureApps’s EPM capabilities demonstrate the value to CFOs of integrating business, technology and function strategies within organisations,” Wright said.

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John Kennedy is a journalist who served as editor of Silicon Republic for 17 years

editorial@siliconrepublic.com