UniCredit and Accenture Team to Enhance and Manage the Bank’s Invoice-Management Processes

  UniCredit and Accenture Team to Enhance and Manage the Bank’s
  Invoice-Management Processes

Companies create a new joint entity – Accenture Back Office and Administration
Services S.p.A. – to support UnCredit’s accounts-receivable, accounts-payable
                        and asset-management functions

Business Wire

MILAN -- April 2, 2013

Accenture (NYSE: ACN) and UniCredit have signed an agreement under which
Accenture will help optimize the bank’s invoice management operations,
including all activities related to UniCredit’s accounts-receivable,
accounts-payable, asset-management and expense-payments functions.

The service will be delivered through a jointly owned entity – named Accenture
Back Office and Administration Services S.p.A. – that Accenture and UniCredit
have formed to manage, streamline and enhance the bank’s invoice-management
processes. These processes were previously managed by the bank’s global
service company, UniCredit Business Integrated Solutions S.C.p.A.

The focus of the new entity is to help UniCredit optimize its
invoice-management operations through greater process efficiencies, enabling
the bank to meet the highest industry standards. Accenture will manage the
joint entity, which combines the skilled professionals and processes from
UniCredit’s existing invoice-management branch of business with Accenture’s
finance and accounting, management consulting and IT capabilities.

The agreement is part of the bank’s broader “Newton” program announced in
November 2011, which is designed to transform the bank’s operations for higher
efficiencies. A key element of the Newton program is to combine UniCredit’s
process expertise and technology assets with those of leading international
companies to accelerate its operational transformation.

“This is an important step in our transformation journey and reflects the
value we see in using our internal competencies in partnership with leading
international companies to innovate and grow,” said Massimo Schiattarella,
General Manager of UniCredit Business Integrated Solutions. “By forming this
new company with Accenture, we intend to bring new levels of efficiency to our
operations, leading-edge support to our internal finance functions, and faster
invoice response times to our business partners and clients.”

Roberto Pagella, Managing Director of Accenture’s BPO services in Italy,
Greece, Turkey and Eastern Europe, said, “This project represents a key
initiative in our longstanding collaboration with UniCredit. Our leading
capabilities in business process outsourcing, in finance and accounting and in
technology align perfectly with UniCredit’s broader efficiency and innovation
objectives and its approach to the new challenges in the market.”

About UniCredit

UniCredit is one of Europe's leading commercial banks with strong roots in 22
European countries. Our network, which is present in roughly 50 markets,
includes 9,360 branches and 158,000 employees. The Group operates in the
following countries: Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria,
Croatia, the Czech Republic, Estonia, Germany, Italy, Kazakhstan, Kyrgyzstan,
Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia,
Turkey, Ukraine and Hungary. UniCredit operates through the widest network of
banks in Western and Eastern Europe, with over 3,800 branches.

About Accenture

Accenture is a global management consulting, technology services and
outsourcing company, with approximately 261,000 people serving clients in more
than 120 countries. Combining unparalleled experience, comprehensive
capabilities across all industries and business functions, and extensive
research on the world’s most successful companies, Accenture collaborates with
clients to help them become high-performance businesses and governments. The
company generated net revenues of US$27.9 billion for the fiscal year ended
Aug. 31, 2012. Its home page is www.accenture.com.

Accenture helps financial services companies enhance the performance of their
finance and risk management functions through Accenture Finance and Risk
Services, a business service within Accenture’s Financial Services operating
group that provides management consulting, technology and outsourcing services
to more than 500 institutions worldwide


Daniela Bracco, + 39 335 1039417
Sean Conway, + 917-452-6444
UniCredit Media Relations
+39 02 88628236
UniCredit Investor Relations
+39 02 88628715
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