Relationship extends Accenture's trade, finance and accounting solutions powered by distributed ledger technology
Current trade relies on time-consuming manual transaction processes that can be costly and hard to reconcile. Distributed ledger technology enables new ways to share data and the full automation of finance and accounting processes, increasing productivity and working capital while reducing overall risk for banking parties.
"Building on TradeIX's solid foundation across the banking community, this relationship will help companies unlock trapped value in data silos across key operational processes, such as finance, accounting and supply chain," said
As part of the agreement, Accenture will work with TradeIX to bring to market new use cases, beyond banking, to address the needs of buyers and sellers within trade finance. TradeIX is the latest addition to the investment portfolio of
Accenture invests in and forms a strategic alliance with @tradeix to help digitize global trade. This initiative will further expand the @network_polo #DLT
The companies will work together to develop touchless finance processes, such as procure-to-pay and order-to-cash. This initiative will further expand the
About Accenture
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 492,000 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.
About TradeIX
TradeIX is an award-winning technology provider and network operator of the
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Copyright © 2019 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.
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Contacts:
Accenture
+1 630 338 6426
jennifer.francis@accenture.com
Accenture
+1 703 947 4404
alison.geib@accenture.com
TradeIX
+1 404 428 1024
oliverb@tradeix.com
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