BMS, Accenture Extend Services Pact

Bristol-Myers Squibb has extended its service contract with Accenture for 10 years, meaning the consulting firm will continue to handle the pharmaceutical company's accounts payable and other chores. Writes Big4.com:

The contract includes that Accenture will offer financial support services and global IT services to Bristol-Myers Squibb in order to help them attain flexibility and operational cost savings. The contract is designed to help Bristol-Myers Squibb in managing its business effectively, by offering variable cost structure in order to tackle different economic factors such as patent lifecycles.

BMS says the deal allows the two companies to "integrate" their employees into "high-performance teams."