HBOS has completed the implementation of a risk management system to handle procurement worth £2.5bn a year from...
The project is a milestone in the development of a supplier relationship management (SRM) system across the banking group based on a Kalido enterprise datawarehouse.
The system is key to HBOS improving efficiency following the merger of Halifax with Bank of Scotland in 2001.
"It has been invaluable in delivering the cost savings we required," said Sharon Reason, procurement specialist-systems at HBOS.
The SRM system provides a single view of purchasing across the group. Reason said, "The software runs across the corporate intranet and is used by 150 users in the procurement business." The software offers the procurement team common descriptions about commodities and categories.
The risk management system sends reports from the HBOS SRM system to credit rating agency Dunn & Bradstreet; these are returned populated with supplier ratings.
The Kalido enterprise datawarehouse consolidates the risk data with existing supplier information in the HBOS SRM system, allowing the procurement team to analyse risk.