Reuters, a world leader in information services, recognised the need to fundamentally transform its finance function to better meet the needs of the business and to reduce costs. The finance transformation programme delivered such significant benefits it made headlines across Reuters worldwide.

Business Challenges

The issues facing Reuters were clear:

• too many staff
• too much duplication
• too many individual finance systems
• too much inconsistency in data and processing standards
• too many home-grown reporting solutions
• too high a support cost
• too slow to change

Change was mandatory for Reuters to reach its annual savings target.

Solutions

Atos Consulting worked with Reuters from business case to implementation and realisation of benefits on this large-scale change programme. Four regional business
service centres, using standard finance processes and a singleinstance of Oracle 11i, were established to serve Reuters' offices in over 90 countries.

Benefits

• Customer focus: more decision support from local finance
• Reporting: more timely, relevant management information
• Structure: finance re-aligned with new organisational structure, providing flexibility to integrate acquisitions faster
• Efficiency: increased productivity across the organisation with standard finance processes
• Savings: the targeted savings from the finance transformation programme have been exceeded.

Download the Reuters Case Study