Accenture has acquired PureApps, a provider of Enterprise Performance Management (EPM) solutions.
The company did not share financial details.
The acquisition will strengthen Accenture’s EPM capabilities and enable it to assist CFOs to transform the finance function using emerging digital technologies.
The combination of the two businesses will strengthen Accenture’s presence in the UK EPM market and support clients in Europe.
EPM solutions assist enterprise clients to use financial insight and analysis to improve organizational effectiveness through cost management and strategy execution.
The UK-based privately held PureApps, which also has small offices in Benelux, enables CFOs to analyze enterprise performance, forecast business results and work with business units to transform insights into action. Its solutions integrate strategy, planning and execution across management and operational systems.
As part of the acquisition strategy, PureApps will be integrated into Accenture’s Finance and Enterprise Performance practice. PureApps’s capabilities will complement Accenture’s consulting expertise for the finance function, including its shared services offering.
“EPM is experiencing strong growth, driven by the demands of CFOs who are being asked to play a more central role in enhancing the organizational agility of businesses in response to rapidly changing markets,” said Chris Wright, managing director, Finance & Enterprise Performance practice at Accenture Strategy, UK and Ireland.