Comerica Awards Procurement Services Contract to Accenture

DALLAS, Jan. 15 /PRNewswire-FirstCall/ -- Comerica Incorporated
(NYSE: CMA) today announced it has awarded a procurement services contract to
Accenture (NYSE: ACN). Financial terms of the seven-year business process
outsourcing agreement were not disclosed.
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The agreement is designed to reduce Comerica's costs for purchased goods
and services through improvements to supplier relationships, procurement
operations and technology, and spend management.
"We believe this agreement will reduce our operating expense base, enhance
our current procurement capabilities, and enable more efficient growth," said
Elizabeth S. Acton, executive vice president and chief financial officer.
Under the agreement, Accenture will provide Comerica with a full range of
source-to-pay capabilities, including strategic sourcing and category
management, requisition-to-purchase-order processing, invoice processing, and
travel and expense processing. These capabilities will be supported by
Accenture's source-to-pay technology platform.
The initiative will be managed under the leadership of David Bennett,
senior vice president and chief procurement officer, who said, "This agreement
will bring further expertise and capability that will accelerate the execution
of our procurement strategy and provide an operating model that fits well with
our Comerica culture."
Accenture is a global management consulting, technology services and
outsourcing company with $19.7 billion in net revenues for its fiscal year
ended August 31, 2007.
About Comerica
Comerica Bank is a subsidiary of Comerica Incorporated, a financial
services company headquartered in Dallas, Texas and strategically aligned into
three major business segments: the Business Bank, the Retail Bank, and Wealth
& Institutional Management. Comerica focuses on relationships and helping
businesses and people to be successful. In addition to Dallas, Houston and
Austin, Texas, Comerica Bank locations can be found in Michigan, California,
Florida and Arizona, with select businesses operating in several other states,
and Canada and Mexico. Comerica Incorporated reported total assets of $60
billion at September 30, 2007. To receive e-mail alerts of breaking Comerica
news, go to http://www.comerica.com/newsalerts.
SOURCE Comerica Incorporated

Wayne Mielke of Comerica Incorporated, +1-214-462-4463