Version 1 Cuts Accrual Time for Major Police Authority
With Centralised Financial and Purchasing Management
This major police authority in the east of England was faced with meeting the challenging cost savings and productivity targets set by the Home Office. The force required a financial and purchasing platform that meet specific police force requirements at lowest cost of ownership based upon a flexible suite of best-practice processes. A key requirement was the ability for pervasive, timely reporting to underpin decision making.
Version 1 was commissioned to implement Oracle Financials and Purchasing due to its successful track record in implementing Oracle solutions in the Public Sector, in particular, a demonstrated ability to deliver better value at lower cost and for a focus on technical excellence.
Version 1 Solution
Version 1 implemented a centralised force-wide financial and procurement system using out-of-the-box Oracle Financials and Purchasing to gain integrated, automated processes with real-time visibility and control. The solution created police-specific financial and purchasing solution with minimal customisations and low ownership and upgrade costs. Oracle iProcurement was rolled out to 150 users in all departments.
Real Business Benefits, Delivered
Following the successful implementation, the police force signed a 10-year contract for Version 1’s Managed Services to benefit from ongoing consulting, DBA, and technical support.
- Reduced year-end accrual time and effort by 50%, paid supplier invoices faster, and increased productivity of financial teams.
- Cut costs by replacing specialist system for tracking thousands of line items of police uniform and documenting each officer’s uniform history with Oracle Inventory Management.
- Rationalised supplier base, negotiated force-wide contracts, and enforced raising of purchase orders using Oracle Purchasing.
- Leveraged police-specific financial and purchasing excellence to help meet cost cutting targets of the internal strategic review while creating a scalable shared service template for wider roll out.