Accenture had earlier announced its intent to acquire the company on June 1, 2021 with an undisclosed financial terms, with the expectation that it will strengthen its position in the EPM market, leveraging cloud innovation and the power of data through the accusation.
“Robust EPM capabilities that bring together data, technology and talent are critical for creating a more dynamic, agile and actionable performance management process. Accenture is committed to providing the best resources and capabilities to meet the needs of our clients, and the combination of Accenture and Nell’Armonia would allow us to deliver the latest, most comprehensive solutions to help organizations succeed in their EPM transformations,” said Olivier Girard, market unit lead, Accenture France and Benelux.
Founded in 2005 with about 135 skilled professionals, Nell’Armonia is said to have a client base across France and Israel as well as services that cover the entire EPM spectrum – from advisory to implementation and maintenance. In addition, Nell’Armonia expertise is claim to complement Accenture’s existing capabilities with expectation that it will enhance Accenture’s ability to address clients’ needs for analytics-based insights that can support finance and end-to-end enterprise planning.
“Many clients have undertaken projects to transform their EPM model. Reporting, planning, budgeting and forecasting processes are critical components for the success of such major technological and business transformations,” Eric Leroy, chief executive officer and founder of Nell’Armonia.
“Combining our strengths with Accenture would allow us to extend EPM beyond the finance function and strengthen our innovation capabilities by using the latest technologies such as artificial intelligence, predictive analytics and robotics. The opportunity to join Accenture would open up tremendous opportunities for our company and our people. Together, we would be able to support a larger number of companies in successful management transformation projects, integrating all the key functions of the company.”
With the acquisition, Accenture claims to be better positioned to support finance departments in accelerating their operations, from the design and implementation of sustainable strategies to the maintenance of management solutions.