Virgin Trains has signed a £750,000 contract with COA
Solutions to provide it with anintegrated financial management
system.
The deal provides
Virgin Trains with a portfolio of financial, procurement,
forecasting and document management systems.
The COA Solutions' system, which will be made available to 250
Virgin Trains staff across the UK, is expected to go-live this
September.
Virgin Trains required an integrated financial management system
to replace its outdated accounting solution. Virgin needed the
system to provide improved financial control, increased business
efficiency and better forecasting.
Andy Cross, business support director for Virgin Trains, said,
"Our previous accounting system had not been updated for several
years, and we did not require all of its complex functionality, so
we decided to seek a new system that would be able to meet all of
our needs."
Cross said, "The COA Solutions system will replace
time-consuming manual-based financial processes with automated
procedures, which will save staff time and enable them to carry-out
more value-adding activities. Purchase-to-pay efficiency will also
be improved."
