The building society said the move to Microsoft technology, supported by Unisys ES7000 servers, has halved its data processing costs and reduced overall operating costs by 6%. The project, managed by Unisys Technology Consulting Services, took one year to complete.
Part of the cost savings came from consolidating 70 existing systems, which were supported by a mainframe. Skipton's data processing systems manage the society's mortgage clients and the savings of one million customers.
"We have managed to fit 20 man-years of work into 12 months," said John Goodfellow, Skipton's chief executive. Our experience proves that Microsoft and Unisys work well together to provide mission-critical systems quickly, cheaply and effectively."
Although large IT projects at the high street banks have tended to grab the headlines, UK building societies have recently achieved some impressive cost savings through careful investment in technology.
Britannia Building Society, for instance, has boasted it will save £100m by 2009, following a three-year overhaul of its IT systems. The £50m business transformation programme will involve 40 projects and the introduction of 12 new systems, including customer relationship management, imaging and workflow.
Meanwhile, Nationwide aims to save £400,000 a year through a centralised management system.