LONDON, UK - 25 Feb 2010: IBM (NYSE: IBM) announced today that one of the top UK construction and regeneration groups, Morgan Sindall will overhaul its financial reporting systems using IBM business analytic solutions.
Morgan Sindall operates five main divisions for fit out, construction, infrastructure services, affordable housing and urban regeneration and one specialist unit, Investments. It will use IBM business analytics software to help consolidate its reporting processes and improve business performance.
With multiple offices and departments across the UK and five divisions to manage, it was apparent that its existing spreadsheet-based system could not deliver the high standard of reporting required. With rapid growth and revenue of £2.2 billion, the Group needed to manage an ever growing and complex reporting process.
“Managing growth and ensuring consistent and reliable reporting was becoming difficult with the incumbent centralised system,” said Brian O’Connor, Group Information Systems Director for Morgan Sindall. “After a number of major acquisitions, data entry was becoming a time-consuming burden. With IBM business analytics software, we will be able to reduce administration significantly and increase visibility by drilling down into data.”
The Group will consolidate its reporting systems across the business and cut down time spent on number crunching. This should allow scenario planning and greater visibility of company and divisional performance.
“With IBM business analytics software, our financial reporting will be a one-stop-shop. We will be able to forecast better and prepare for different scenarios,” O’Connor said.
Morgan Sindall will implement IBM business analytics software to help consolidate the reporting process. The Group is also scheduled to implement more of the IBM business analytics solution later in the year to help set budgets and plan for the future.
“Increasingly, growing businesses are realising that spreadsheet-based systems simply cannot deliver the quality of service needed to manage a large operation,” said Ged Simmons, country manager, IBM business intelligence and performance management, UK and Ireland. “With multiple departments and a growing customer base, forward-thinking organisations know that clear, consolidated reporting is essential to long-term growth,” he concluded.
The new IBM Business Analytics solution is powered by IBM Cognos 8 Controller, IBM Cognos 8 Business Intelligence and IBM Cognos 8 Planning.
Notes to Editor:
For further information visit: www.ibm.com/cognos/uk
About Morgan Sindall
Morgan Sindall plc is a leading UK construction and regeneration group which operates through five divisions of fit out, construction, infrastructure services, affordable housing and urban regeneration and one specialist unit, Investments.For further information visit: www.morgansindall.com
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