iB Solutions wins contract extension
- 27 March 2008
iB Solutions, an Irish subsidiary of IBA Health, has won a £22m contract extension with NHS Shared Business Services to host its Oracle financial and purchasing applications for a further five years.
The Irish company has provided services to NHS SBS since 2002, and the current contract has been extended until 2014.
The company is providing NHS SBS a fully hosted managed service from its data centre at Prestwich in Manchester for 2,300 users rising to 3,200 users within two years.
With service centres in Leeds, Bristol, and Hampshire, NHS SBS provides services such as accounts payable, debt collection, bank account reconciliation, and account reporting, currently processing around £18bn cash per annum on behalf of 93 NHS organisations.
NHS SBS managing director Jim Vincent, said: “iB Solutions provides a cost-effective and highly reliable service. We enjoy a genuine partnership with iB Solutions, and share a common aim of providing a superior service which delivers sustainable value to our NHS customers.
“Our NHS clients are benefiting from improved management information, paperless and faster transaction handling and the step change in the robustness of processes.”
According to the National Audit Office (NAO), the UK government’s spending watchdog, NHS SBS could save organisations up to £250m over 11 years, as a result of access to better management information, improved financial control and adherence to procurement processes.
Eamonn Morris, IB Solutions’ managing director, said: “The extension of the agreement for a further five years to 2014 clearly indicates the strength of our relationship.
“The agreement by NHS SBS to extend its contract to 2014, along with announcements in December of a £20m contract with the North East Patches and a £1.5m million deal with six NHS trusts in November, consolidates the capability of our Oracle e-business centre of excellence while enhancing the quality of our earnings for many years to come.”
The contract excludes software licenses as NHS SBS has its own enterprise-wide agreement for Oracle Financials.
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