The deal was described by Adaytum as ‘the biggest single thing we’ve done’ and followed two months of negotiations.
Under the agreement, signed in mid-May, Andersen Consulting will add Adaytum e.Planning – the web-based planning and forecasting solution – to its product range for the finance market.
The two parties created the alliance to develop market-specific offerings utilising AC’s consulting expertise and Adaytum’s solutions.
Adaytum has agreed similar agreements with Deloitte & Touche and it is believed the company has reached an advanced stage of talks with PricewaterhouseCoopers over a similar agreement.
‘The commitment Andersen Consulting is making to our organisation and technology speaks volumes about its high regard for the Adaytum e.Planning solution,’ said Guy Haddleton, Adaytum CEO.
Dean Nichols, a partner in Andersen Consulting’s global Finance and Performance Management Practice, added: ‘Andersen Consulting has a history of bringing organisations the tools they need to positively impact shareholder value and organisational effectiveness.
‘The Adaytum e.Planning solution will complement our existing capabilities and help us to deliver even stronger solutions to our clients.’
The alliance will focus on education, government and high growth sectors. Adaytum e.Planning was the first web-based solution for collaborative business planning.
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.