Accenture Launches Enterprise Solution for Pensions, Powered by Oracle

New Platform Offers Faster, More Cost-Effective Way to Upgrade Technology


New York, NY – WEBWIRE – Monday, May 12, 2014

Accenture (NYSE: ACN) has launched a new Oracle-based enterprise solution to help public pension program administrators take advantage of the flexibility and cost savings of a commercial off-the-shelf technology system.
 
The system, Accenture’s Enterprise Solution for Pensions (AESP), is based on Oracle’s PeopleSoft applications, Oracle Middleware, and Oracle technology. It incorporates more than 30 years of experience implementing the capabilities needed by public pension organizations that serve tens of millions of people.
 
AESP’s flexibility enables faster and more cost-effective pension system operations and provides organizations with greater flexibility and the agility needed to adapt as policies change. It provides the business functionality required by modern public pension programs, including member and retiree management and administration, employer administration and contribution, payroll and payment management.
 
"Public pension organizations face major opportunities to develop modern technology capabilities while controlling costs,” said Owen Davies, who leads Accenture’s public pension practice in North America. “Accenture’s initiative leveraging Oracle solutions offers tremendous capabilities at the leading edge of the industry.”
                                                             
“Accenture has significant subject matter expertise in this space as well as extensive skills to leverage Oracle’s PeopleSoft Pension solution along with additional Oracle assets, including Oracle Policy Automation, for a complete offering,” said Paco Aubrejuan, senior vice president and general manager, Oracle’s PeopleSoft. “Together, Accenture and Oracle can provide publicly funded pension systems the flexibility to modernize their systems in a cost effective manner while utilizing a comprehensive solution.”
 
The AESP software solution is aligned with other assets in Accenture’s portfolio of solutions for pension organizations, which includes:
 

Learn more about Accenture’s pensions work and Delivering Public Service for the Future for Human Services.
 
About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with approximately 289,000 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$28.6 billion for the fiscal year ended Aug. 31, 2013. Its home page is www.accenture.com.



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