Network Rail chose iTESOFT to support a major project to improve and integrate their finance solution, known as Project SWIM (scanning, workflow, invoice management). Network Rail were inundated with more than a million supplier invoices a year, almost half of them paper. They needed to find a way to rationalise the business and deliver cost and efficiency savings. Here's what they did...
With a huge amount of invoices going through Network Rail everyday and a long processing cycle, Network Rail decided it was time to explore new finance solutions. Their main requirements were a more automated and integrated approach and a similar way of working to limit the impact on users. Not only did they implement FMFI and Share in 2011, they had also undergone an Oracle R12 upgrade later followed by Oracle eBus Tax. Their huge efforts during this challenging finance journey have been extremely successful.
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