NHS Shared Business Services (NHS SBS) have been selected to deliver a £3.1 million IT contract involving finance and accounting services.

The five-year contract awarded by the Central and North West London NHS Foundation Trust will see NHS SBS transfer existing accounting and finance services onto a single platform running on Oracle.

The new platform will be designed to provide detailed data, increased visibility of financial processes and overall efficiencies designed to create cost savings.

NHS SBS Chief Executive John Neilson said, "We're looking forward to sharing our financial expertise and seeing the Trust reap the benefit through significant efficiency savings. As well as standardising and transforming the financial processes across the various services, we will also be working closely with the Trust to identify areas for continuous improvement and harnessing Big Data that will really support financial planning."

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