Rotherham MBC invests in Advanced's software to help exceed its GBP 3 million procurement savings target
Apr 22, 2013 (M2 PRESSWIRE via COMTEX) --
Rotherham Metropolitan Borough Council (MBC) has invested in a portfolio of software solutions from Advanced Business Solutions (Advanced) to help exceed its current GBP3 million procurement savings target.
Advanced's data capture and spend analytics solutions aim to help the council to more easily meet its 10 and 30 day supplier payment targets. The solutions will go live in a phased approach between April and July 2013.
Rotherham MBC is already benefiting from Advanced's hosted e5 finance system with integrated document imaging (powered by V1) and Cognos business intelligence functionality. To further streamline the processing of the 140,000 supplier invoices received into the Purchase 2 Pay (P2P) team each year and to exceed the GBP3 million per year procurement savings target currently being achieved, the council has invested in data capture and spend analytics software solutions from Advanced. These solutions will integrate with the council's existing e5 finance system.
Joanne Kirk, P2P Manager from Rotherham MBC says, "In order for us to cut our procurement costs, meet our payment targets and be smarter about spend, we need to be supported by strong and effective solutions".
Richard Douthwaite, Programme Manager from Rotherham MBC says "As we are already successfully using Advanced's software, it made sense for us to approach Advanced about adding solutions to our portfolio which could effectively support the council moving forward."
Advanced's data capture solution which uses optical character recognition (OCR) technology from V1, will go live in April 2013 to automatically capture invoice data. The council's P2P team is targeting an 80% accuracy rate for the OCR solution leading to initial efficiency savings of 2 FTE's. By further automating the P2P process, the council is looking to continue to meet 10 day payment targets to support both the local economy and SMEs in these austere times.
Kirk adds, "We currently pay approximately 95 per cent of supplier invoices within 30 days and 50 per cent within ten days. Our goal is to pay suppliers in a timelier fashion to improve the benefits we can obtain from early payment discount terms for the benefit of Rotherham taxpayers and continue to be in the top quartile of local authorities for payment efficiency. The OCR data capture solution will support us in this goal."
Advanced's Spend Analytics software will go live in July 2013 and it is hoped to prove to be key to effectively analysing spend using data from the council's e5 finance system. This insight can then be used to enable smarter and more cost-effective procurement.
Notes to Editor
About Advanced Business Solutions www.advancedcomputersoftware.com/abs
Advanced Business Solutions (Advanced) provides leading integrated business applications and services that enable public, private and third sector organisations to retain control, improve visibility and gain efficiencies whilst continually improving corporate performance. Advanced prides itself on getting close to its customers by understanding their businesses and responding to their evolving needs.
Advanced's software systems comprise core accounting/financial management, procurement, supply chain management, human resource and payroll systems, integrated with a range of collaborative, document management and business intelligence solutions to extend the value and effectiveness of the finance, human resource and payroll departments. Management information systems for school and academies are also provided through Advanced's subsidiary, Advanced Learning. All solutions can be delivered as a managed or bureau service.
Customers are from both the public and private sectors and include Companies House, Newcastle City Council, NHSScotland, Norfolk Constabulary, Edge Hill University, WH Smith, Royal Bank of Scotland, Aer Lingus, National Express Group, DFS and RSPB.
Advanced Business Solutions is a division of Advanced Computer Software Group plc, a leading supplier of software and IT services to the health, care and business services sectors.
Angela Mycock, Advanced Computer Software Group
+44(0)1625 856 513
07887 415 232
((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.com on the world wide web. Inquiries to firstname.lastname@example.org.
[ Back To TMCnet.com's Homepage ]