Example
 Accenture IES 
 Innovation in Downstream energy operations 

What is the Inventory and Exchange Solution?

IES is an Accenture owned and operated service providing publishing and reconciliation capabilities aimed at reducing reconciliation and inventory accounting costs, improving assurance and control and supporting audit requirements. A unique combination of people, process, and technology innovation, IES automates and supports exchange, inventory and fee reconciliation; bulk-and truck-movement actualization; and other data interchanges among a company, its pipelines and terminals, and its supply chain teaming partners. Supported by a team of industry and functional specialists with deep knowledge of the energy industry, IES provides reconciliation support via a secure, neutral, web-based platform.

Why use the Inventory and Exchange Solution?

IES focuses on providing independent transaction processing services, standardizing non-strategic business practices and giving greater overall flexibility.

IES can provide immediate and long-term reductions of reconciliation costs by providing online publishing and collaborative reconciliation functionality including automated matching and clearing processing engines, built in controls to ensure company standard processes are followed, and extensive reporting and metrics capabilities.

IES fills a previously unmet need for a secure, neutral environment through which organizations share business data and collaborate.

Facts

  • Operating since 2001
  • Providing automatic and manual reconciliation capability for millions of transactions monthly
  • Reconciling 100's of billions of volume activity yearly
  • Over 40 companies currently providing data
  • Transactions from 34 states in the U.S. are reconciled by IES
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