Accenture plc ACN and SAP SE SAP on Tuesday announced the launch of ADVANCE, a joint initiative aimed at accelerating cloud adoption and business transformation for companies with annual revenue of up to $5 billion.
The collaboration offers mid-sized, high-growth organizations a streamlined path to become more agile and data-driven.
The ADVANCE platform integrates SAP’s business applications and artificial intelligence tools with Accenture’s industry-specific insights and implementation expertise.
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ADVANCE is designed to help businesses scale efficiently by offering modular, preconfigured service packages across critical functions like finance, procurement, supply chain, and workforce operations.
According to Benzinga Pro, ACN stock has gained over 4% in the past year, while SAP has jumped over 52%.
“This expansion of our longstanding partnership with SAP will tailor leading technologies, industry insights, and innovation to meet the specific demands of high-growth companies to help them reinvent, thrive, and grow,” said Julie Sweet, Chair and CEO of Accenture.
Christian Klein, CEO of SAP, added, “ADVANCE brings the full strength of SAP Business Suite with Accenture’s business transformation services to a new generation of businesses, helping them grow quickly and respond with agility to new opportunities and challenges.”
To further assist this market segment, Accenture will deploy a specialized team of certified SaaS professionals and go-to-market experts who will work directly with SAP specialists.
The goal is to accelerate transformation and deliver continuous innovation using industry accelerators and AI-driven decision-making.
Investors can gain exposure to ACN stock via Trust for Professional Managers Jensen Quality Growth ETF JGRW and SAP stock via Precidian ETFs Trust SAP SE ADRhedged SAPH.
Price Action: SAP shares are trading lower by 0.09% to $298.47 at last check Tuesday, while ACN shares are down by 0.29% to $318.47.
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