11th August 2005 – Praktis Solutions, a leading Oracle eBusiness Suite Certified Solutions Partner, today announced that it has signed and started work on a major Finance and Procurement System project with Sefton Council. Under terms of the commercial agreement we have partnered to deliver Oracle Purchasing, iProcurement and an overhaul of their current financial system. This will involve updating their current business processes in order to meet the Councils' Purchasing and Finance future needs, such as iProcurement, eMarketplace, an effective approvals process, auditing requirements and improved information access.
Following a detailed tender process incorporating four of the leading Oracle consultancies, Sefton Council selected Praktis Solutions to partner with in order to provide project management, project office capabilities, change management, systems integration, testing, an implementation of Oracle Purchasing and IProcurement system, integration with updated business processes and enhancements to future proof the system for longer-term requirements.
The recommended solution involves an upgrade of the current Oracle financial system with the latest Oracle version 11i, the implementation of Oracle Purchasing and iProcurement with updated business processes. The latest version will deliver enhanced functionality which guarantees improved business processes (e.g. the use of work-flow to streamline purchase order authorisations).
Also, in conjunction with our partner Lloyds TSB Vantage who has been chosen to supply their eMarketplace solution to Sefton Council we can deliver a procure-to-pay implementation plan, which addresses workflow, users, departments and suppliers. We will provide training to users and help recruit and train suppliers as well as creating and maintaining the supplier eCatalogues. Sefton Council will significantly benefit from a streamlined and more efficient process for buying their goods and services.
Reed look to Praktis Solutions
Praktis Solutions have been asked to carry out a number of workshops in conjunction with users and managers at Reed Business Information (RBI). RBI has in place Oracle Financials which they want to upgrade and as a result adopt new business processes to ensure that they receive the full benefits of having a fully integrated system. The modules in use are:-
Oracle Payables
Oracle Cash Management
Oracle Fixed Assets
Oracle Receivables
Oracle General Ledger
Praktis Solutions and LTSB/Vantage
Praktis Solutions have partnered with Lloyds TSB (Vantage) to provide Oracle’s iProcurement ERP system connected through to the LloydsTSB Portal ensuring that the supplier catalogues can be accessed through the LloydsTSB Marketplace, and the corporate gains both the benefit of more functional systems, and does not have the cost of maintaining the catalogues.
BT and Praktis Solutions present at OUG event 'delivering benefits to NHS Trusts'
BT and Praktis Solutions present at OUG event ‘delivering benefits to NHS Trusts’
BT and Praktis Solutions jointly present at the UK Oracle User Group event “How they are delivering benefits to the NHS Trusts”.
Imscan and Praktis Solutions partner to deliver integrated document management solution at BE
Imscan Systems and Praktis Solutions have founded a new strategic partnership to offer unrivalled end-to-end document workflow and ERP solutions to the marketplace.
Together, the partnership presents a unique and totally managed solution, from the initial consultancy phase, right through to system implementation. Our shared ethos of professionalism, solid management and a practical hands-on approach, ensures that solutions are delivered to meet requirements, on time and on budget.
The move to shared services is a strategy already well established in the private sector and organisations like BT and Excel have benefited from centralising and then outsourcing their back office functions from Finance through to HR.
The Business Process Outsourcing ( BPO) is the fastest growing sector within the IT sector, as IT is finally beginning to enable key business processes and that ultimately deliver real business benefits.
Praktis Solutions develops POR to enhance the procurement and payables business process cycle
Praktis Solutions have developed Process Optimisation Reviews with our partners and clients to enhance the Procure to Pay business processes. This has resulted in measurable efficiency gains and tangible savings from a much improved ordering and payment cycle.
Sefton Council implements Oracle iprocurement in 90 days
Praktis Solutions have implemented Oracle iprocurement in Sefton Council and are now working with the Chief Executives Directorate to deliver further P2P improvements across the Council. The project was delivered on time and within budget. References are available upon request.
