Cushman & Wakefield is turning up its tech capabilities, tapping proffesional services firm Accenture to provide consulting on standardized HR and finance back-office processes, enabled by digital, analytic, and cloud capabilities.
The firm said the advancement enables the company to realize greater opportunities across countries and business units while providing a strong control framework and well-defined risk management strategy.
In addition to helping Cushman design and implement new processes, Accenture will manage select HR and finance and accounting functions through its business process outsourcing services, leveraging a digitally-enabled workforce.
Accenture will also provide consulting services to enhance Cushman & Wakefield’s use of data analytics in key strategic areas across the company.
A key pillar of this initiative is expanding the deployment of Workday Financial Management and Workday Human Capital Management (HCM). The unified Workday system provides access to finance and people data in one place and gives Cushman & Wakefield up-to-date metrics on its global business.
Duncan Palmer, Cushman & Wakefield’s global chief financial officer, said: “In today’s increasingly competitive business environment, companies must be efficient and agile.
“This program is about introducing world-class financial processes and controls through technology-based services, enabling us to innovate and make highly-informed business decisions on behalf of our clients around the globe.”
Matthew Bouw, Cushman & Wakefield’s global chief human resources officer, said: “Our focus on technology and innovation has positive impacts on the way we organize employees across our global enterprise. The initiative with Accenture and Workday can yield important insights into our people, and allows us to be more adept at analyzing data to support the decision-making process.”
Terry Moore, senior managing director, Financial Services, Accenture, said: “Innovative transformation initiatives of this kind enable global firms to rapidly change the game through greater performance and competitive differentiation. By embracing new delivery models and leading digital and analytic capabilities, Cushman & Wakefield can enhance its focus on superior client service and new solutions. We are pleased to support them in this important global transformation project.”