Derby City Council has signed a five-year deal with TechnologyOne to use its enterprise resource planning software-as-a-service.
It plans to use the financial management tools for a number of functions including budget setting and forecasting, management accounts and statement of accounts, capital accounting, procurement to pay, accounts receivable and recovery, cash management and reporting.
The operations will run through a web portal and the council’s IT and finance teams will work with TechnologyOne to migrate the functions from the legacy system.
Alan Parkin, director of financial services at Derby, said: “The new system will help us streamline processes and deliver cost benefits by automating mundane admin tasks, like manual data inputting and spreadsheet reconciliation.”
“Faster access to up-to-date business data from different departments across the council will also improve our reporting capabilities, meaning managers can easily interrogate financial information in ways that provide new insights when it comes to making business-critical decisions.”
Sourced from UKAuthority - written by Mark Say