The BBC has chosen IBM as its new financial software services provider. The contract will see IBM supplying key financial, accounting and payroll software for the broadcasting company.

IBM will be replacing Steria, BBC’s previous financial services provider. According to the BBC, IBM was chosen due to its cloud capabilities as well as its superior use of data analytics on financial transactions.

The five-year deal will start in November and has the option of a two-year extension. According to Ian Haythornthwaite, BBC director of finance, the BBC “is confident that this contract will bring advantages to the BBC in terms of simplicity and innovation as well as making a significant contribution to our savings targets”.

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