The Hartford Financial Services Group, a provider of insurance and wealth management services, has selected technology services provider Accenture to assist in the transformation of its finance department.
Under the multi-year agreements, Accenture will provide The Hartford with management and technology consulting as well as finance and accounting (F&A) business process outsourcing services.
As part of the deals, Accenture will help The Hartford to simplify and standardize processes and tools across the finance department; identify appropriate investments in technologies to increase speed to market.
Accenture will also help The Hartford to improve process consistency and reduce cost; streamline the finance organization to empower leaders, remove redundant oversight; and increase the speed of decision-making.
The Hartford CFO Chris Swift said that the goal of their work is to improve process consistency and reduce expenses, ultimately resulting in a stronger, more process-oriented finance function – one with new capabilities, a common information platform and better, more efficient ways of working.
Terms of the agreements were not disclosed.