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Accenture: Reduction in Administrative Costs For Ballet
August 1, 2012
By Rob Starr, Content Manager, Big4.com
In just two years of a five-year undertaking, a new Accenture project has achieved savings targets and improved performance in payroll and accounting for the Colorado Ballet . The contract ends in September 2015. The Colorado Ballet has teamed with Accenture (NYSE: ACN) to implement shared services to increase the efficiency and effectiveness of the organization’s administrative operations.
The organization has achieved a 30 percent reduction in administrative function costs. In addition, the timeliness of the organization’s quarterly and monthly financial reports and payroll processing substantially improved. The savings to date have covered the transition costs to a new system in which an Accenture team manages a ticketing call center, payroll production, finance and accounting. Accenture also provided project management to enable the Ballet to upgrade its technology capabilities without needing a full-time IT organization in-house.
Elaine Turville, who leads Accenture’s nonprofit practice, commented:
“Arts organizations can reap tremendous value from shared services, as have many businesses as well as government and education institutions,” she said. “Colorado Ballet will continue to benefit from the savings generated year after year by the more efficient approach to administrative functions and now, for the first time, has service-level agreements, documented processes and more timely and accurate data to help guide the organization’s approach to administration going forward.”
Accenture is a global management consulting, technology services and outsourcing company with over 249,000 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$25.5 billion for the fiscal year ended Aug. 31, 2011. Its home page is www.accenture.com.