Accenture and PPL partner on tech spending management platform

NEW YORK - Accenture (NYSE:ACN) and Apptio are collaborating with PPL Corporation (NYSE:PPL) to transform how the energy company manages its technology investments, according to a press release issued Tuesday. Accenture, a prominent player in the IT Services industry with a market capitalization of $151.65 billion and annual revenue of $69.67 billion, brings significant expertise to this partnership.

The partnership involves implementing a new technology financial management platform powered by Apptio’s solutions that automates reporting and provides real-time financial data to support PPL’s strategic decision-making.

PPL, which serves more than 3.6 million electricity and natural gas customers in the U.S., is using the platform as part of its transition from legacy systems to modern solutions, including cloud infrastructure, AI, automation and advanced analytics.

"Our recent work with Accenture is another step in our strategy to create the technology-enabled utilities of the future," said Dean Del Vecchio, Executive Vice President of Technology and Innovation for PPL.

The collaboration comes as organizations face increasing pressure to manage technology investments effectively while driving business value. According to Accenture’s research, 85% of C-suite leaders plan to increase technology spending this year.

Keith Boone, Technology Strategy & Advisory Americas lead at Accenture, said the partnership will give clients "stronger financial controls, spending predictability and measurable ROI from their technology investments."

The work with PPL is part of an expanded business partnership between Accenture and Apptio focused on accelerating technology financial management adoption in North America. Accenture was recently named Apptio’s Americas ITFM Partner of the Year for 2025.

The companies will provide integrated solutions including the Accenture myNav FinOps Maturity Assessment to help organizations evaluate their financial operations capabilities. For investors, Accenture offers a 2.67% dividend yield and has raised its dividend for 6 consecutive years, maintaining payments for 21 years straight. With a P/E ratio of 20.06 and a "GOOD" overall financial health score from InvestingPro, the company maintains strong fundamentals despite recent stock price challenges. Accenture is among the 1,400+ US equities with comprehensive Pro Research Reports that transform complex Wall Street data into clear, actionable intelligence for smarter investing decisions.

In other recent news, Accenture has made a strategic investment in Lyzr, an AI company known for its enterprise agent infrastructure platform. This investment, facilitated through Accenture Ventures, aims to enhance agentic AI capabilities for banking, insurance, and financial services clients. Additionally, Accenture has launched a new AI solution called Physical AI Orchestrator, which utilizes NVIDIA Omniverse technologies to transform manufacturing facilities into software-defined environments. In a separate development, Accenture has expanded its collaboration with Amazon Web Services to provide AI solutions for public sector and defense organizations, focusing on cost reduction and resource optimization.

Meanwhile, Datavault AI has announced a strategic expansion plan, relocating its headquarters to Philadelphia and establishing a Center for AI and Quantum Computing Excellence in Georgia. The new facility in Sandy Springs will support advanced computing and collaborative R&D. These recent developments reflect ongoing efforts by both Accenture and Datavault AI to leverage AI technologies to improve service offerings across various sectors.

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