Arthur Andersen has teamed up with IT giant IBM to offer finance, accounting and related IT outsourcing services in a full-frontal attack on its estranged partner, Andersen Consulting.
Outsourcing is one of the traditional strongholds of Consulting. Under the agreement with IBM, Andersens’ ‘process solutions’ wing will help clients specify and manage ‘enterprise application’ outsourcing projects.
Processing will be carried out by IBM.
The rapid growth of Andersens’ consultancy services is one of the underlying reasons for the ‘divorce’ sought by Consulting, which has now gone to arbitration through the Paris Chamber of Commerce.
A spokesman for Consulting played down the significance of Andersens’ move into outsourcing. ‘There is no relationship between Arthur Andersen and Andersen Consulting. The IBM deal is as interesting to us as anyone,’ he said.
Arthur Andersen this week reported a 19% rise in its UK fee income to #456m for the year ended 31 December 1998.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.