Virgin Trains has signed a £750,000 contract with COA Solutions to provide it with an integrated 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Virgin Trains required an integrated financial management system to replace its outdated accounting solution.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."