Nichols, Shared Services
Nichols turns to shared services
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Nichols, the manufacturer of popular drink brands Vimto, Panda and Sunkist is saving more than £100,000 a year by moving its financial operations to a shared services center.
Nichols replaced the financial departments at six different operating companies across the UK with one center using electronic document management software.
The decision was made as part of an ongoing restructure at the company, which had also resulted in the centralizing of all IT functions.
IT manager Allan Doyle said: ‘Each company had their own finance department and staff. Each department also had up to 12 storage cabinets fill of documents and a shared services office simply could not accommodate all these.
‘By electronically archiving all documents, the physical storage space required has been eliminated, making the move to shared services possible.’
Doyle added: ‘Staff time is now much better utilized as they no longer needs to hunt around in filing cabinets and cardboard boxes for financial documents, make multiple copies of documents and then manually process each and every one of them.
‘We have redeployed up to 70 per cent of the accounts staff’s time on value added activities.’
Source: vnunet.com
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