{"id":413,"date":"2017-05-23T18:13:00","date_gmt":"2017-05-23T18:13:00","guid":{"rendered":"https:\/\/nms-archive.tiltedchair.co\/?p=413"},"modified":"2021-08-20T14:51:28","modified_gmt":"2021-08-20T14:51:28","slug":"accenture-makes-investment-and-forms-strategic-alliance-with-nomis-solutions","status":"publish","type":"post","link":"https:\/\/nms-archive.tiltedchair.co\/?p=413","title":{"rendered":"Accenture Makes Investment and Forms Strategic Alliance With Nomis Solutions"},"content":{"rendered":"\n

Accenture (NYSE: ACN) has taken a minority position and formed a strategic alliance with Nomis Solutions (Nomis), a leading provider of analytics-driven pricing and profitability-management solutions to retail banks.<\/p>\n\n\n\n

\u201cAs interest rates rise in many countries and retail banks shift to creating more individualized offers for consumers, analytics-based pricing is becoming an increasingly important tool, and Nomis has one of the leading analytics platforms in the market,\u201d said Alan McIntyre, senior managing director and head of Accenture\u2019s global banking practice.  \u201cThe ability to understand preferences and price sensitivity and predict customer behavior and relationship value can help banks optimize their pricing at the individual customer level and deliver more personalized offers across a customer\u2019s banking relationship\u2014from savings and deposits to consumer loans and mortgages.\u201d<\/p>\n\n\n\n

Under the alliance agreement, Accenture will be the preferred systems integrator for Nomis\u2019 profitability-management solutions, providing implementation and systems integration, business consulting, support and maintenance, and business-process-integration services. The alliance will extend Accenture\u2019s capabilities in the analytics pricing arena and provide Nomis with access to Accenture\u2019s financial services industry expertise and global scale. <\/p>\n\n\n\n

Headquartered in Silicon Valley, California, Nomis has been an innovator in price optimization since 2004. Nomis is the solution of choice for seven of the top 25 North American retail banks and continues to grow with over 30 deployments globally.  In Q1 2017 alone, nearly a trillion dollars in retail transactions were analyzed, priced, and managed through Nomis\u2019 SaaS platform, and more than 10,000 active frontline bankers used it to deliver personalized pricing to their end customers.<\/p>\n\n\n\n

Frank Rohde, CEO of Nomis, said: \u201cEffective pricing\u2014both setting it and communicating it\u2014is one of the most powerful levers a bank has to drive value and create a positive customer experience. But doing it well requires deep analytics, scalable technology, and real-world experience.  With less than 10 percent of retail banks using analytics-based pricing solutions, we are thrilled to team with Accenture to offer our solution to a broader array of banks. Together, we are well-positioned to take advantage of a tremendous market opportunity by combining Nomis\u2019 ability to provide unique, real-time pricing at the customer level, with Accenture\u2019s consulting expertise and track record for seamless systems integration.\u201d<\/p>\n\n\n\n

About Accenture<\/strong><\/p>\n\n\n\n

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions \u2014 underpinned by the world\u2019s largest delivery network \u2014 Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 401,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com<\/a>.<\/p>\n

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Forward Looking Statements<\/strong><\/p>\n\n\n\n<\/p>\n

Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201clikely,\u201d \u201canticipates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cprojects,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cpositioned,\u201d \u201coutlook\u201d and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. These include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture\u2019s results of operations could be adversely affected by volatile, negative or uncertain economic conditions and the effects of these conditions on the company\u2019s clients\u2019 businesses and levels of business activity; Accenture\u2019s business depends on generating and maintaining ongoing, profitable client demand for the company\u2019s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the changing technological environment could materially affect the company\u2019s results of operations; if Accenture is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company\u2019s business, the utilization rate of the company\u2019s professionals and the company\u2019s results of operations may be materially adversely affected; the markets in which Accenture competes are highly competitive, and Accenture might not be able to compete effectively; Accenture could have liability or Accenture\u2019s reputation could be damaged if the company fails to protect client and\/or company data from security breaches or cyberattacks; Accenture\u2019s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies; changes in Accenture\u2019s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company\u2019s effective tax rate, results of operations, cash flows and financial condition; Accenture\u2019s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture\u2019s business could be materially adversely affected if the company incurs legal liability; Accenture\u2019s work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture might not be successful at identifying, acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture\u2019s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; as a result of Accenture\u2019s geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to Accenture\u2019s relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company\u2019s results of operations; Accenture\u2019s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; if Accenture is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; Accenture\u2019s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of Accenture\u2019s contracts include payments that link some of its fees to the attainment of performance or business targets and\/or require the company to meet specific service levels, which could increase the variability of the company\u2019s revenues and impact its margins; Accenture\u2019s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the \u201cRisk Factors\u201d heading in Accenture plc\u2019s most recent annual report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture\u2019s expectations.<\/p>\n

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Accenture (NYSE: ACN) has taken a minority position and formed a strategic alliance with Nomis Solutions (Nomis), a leading provider<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[5],"tags":[9,6,8],"class_list":["post-413","post","type-post","status-publish","format-standard","hentry","category-news","tag-deposits","tag-mortgage","tag-retail-banking"],"acf":[],"_links":{"self":[{"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=\/wp\/v2\/posts\/413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=413"}],"version-history":[{"count":0,"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=\/wp\/v2\/posts\/413\/revisions"}],"wp:attachment":[{"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}