Burlington, Mass. and London, UK - May 16, 2006 - Kalido, the leading provider of adaptive enterprise data warehousing and master data management software, announced that HBOS plc, the UK's largest mortgage and savings provider, received the 2006 Innovator Award in the Data Warehousing category from Application Development Trends magazine. Judges at Boston, US based IT consultant Keane lauded HBOS for its flexible procurement intelligence solution based on a KALIDO enterprise data warehouse as a unique approach to integrating the supplier data of two national banks post-merger. The magazine published the results in its May edition and online at: www.adtmag.com.
Following the formation of HBOS by the merger of Halifax Bank and Bank of Scotland in 2001, the group procurement team created the HBOS Supplier Relationship Management (SRM), selecting KALIDO application suite (KALIDO) at the system's heart to provide consolidated views of procurement data in a rapid timescale. With KALIDO, the HBOS team developed the required "360 degree views" of procurement spend and operations in just three months, without needing to standardize on either of the banks' legacy systems. This enabled the team to cut costs, reduce inefficiencies and drive timely, informed procurement negotiating and spending decisions - supporting the original financial goals of the merger.
Subsequent phases since the launch of the HBOS SRM include the addition of e-procurement data to obtain for the first time a clear view of all 10,000 line items bought across the entire organization, with detailed spending and usage patterns. The next phase involved the change of the accounts payable system to Oracle with no business disruption as the SRM system was also being extended to include information from HBOS subsidiary Birmingham Midshires. This was followed by extending the reach of the HBOS SRM system to two further subsidiaries, Halifax Life and Pensions, and Clerical Medical, again with no disruption.
A detailed case study of HBOS' KALIDO-based implementation, entitled "HBOS plc gains clear view of procurement after merger,"can be downloaded at: www.kalido.com/hbos (links to hbos success story).
"The ability of the KALIDO software to integrate information from merging organizations, and adapt to business change (unlike traditional data warehouse implementations) provides our organization with the ability to make accurate, informed business decisions on a continuous basis. We can now provide business users and procurement staff with a comprehensive view of data, driving significant cost-savings that are often difficult to achieve after such major organizational change," commented Sharon Reason, procurement specialist for HBOS plc.
According to Application Development Trends (ADT) magazine: "ADT's 12th annual Innovator Awards recognize the work of IT teams who developed - and deployed -unique [applications] to solve their company's business problems. This year's winners all demonstrated flexibility in the face of business change. The winning teams grappled with post-merger integration, developed business intelligence systems for e-business and re-architected critical information systems to compete in new and emerging markets."
"Organizations are faced with incessant business change and as a result require flexible technology solutions that can adapt to their evolving business needs," said Andy Hayler, founder and chief strategist of Kalido. "By implementing an adaptive data warehouse as the foundation for intelligent business decisions, HBOS has proven innovation is the key to success in today's dynamic business environment."
About HBOS plc
Following the merger of Halifax and Bank of Scotland on 10th September 2001, HBOS has 22 million customers. With assets of over GBP 540 billion, it is the UK's largest mortgage and savings provider as well as being a major player in the provision of new current accounts and credit cards in the UK. With around 2.5 million private shareholders, HBOS has the largest private shareholder register in the UK. Profit before Tax for the year ended 31st December 2005 was GBP 4.8 billion
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