BBC contracts out financial systems
Tuesday 18 February 1997
The move, part of director-general John Birt's drive to outsource the BBC's non-core activities, involves the setting up of a joint venture between Coopers & Lybrand, the accountancy firm, and EDS, the information technology group founded by US presidential also-ran Ross Perot. The 10- year contract is worth up to pounds 50m a year.
"This contract lays the foundation for the BBC's aim of greater business efficiency and improved financial information in the digital age," said John Smith, deputy finance director at the BBC.
The new company, Media Accounting Services, will redesign the BBC's financial processes and seek to standardise them as far as possible.
A spokeswoman declined to say how much money the outsourcing would actually save, but she insisted there would be no redundancies among the 850 staff in the BBC's accounts department.
Under the terms of the contract the BBC's financial systems and 90 related information technology (IT) support staff will transfer to the joint venture company at the start of next month.
"There is a significant task ahead of us but the result will be the best possible finance system for the BBC and its staff, and substantial savings will be ploughed back into programmes and services for licence payers," Mr Smith said.
The BBC said the IT staff would be transferred to the joint venture company under legislation which means the new employers must mirror existing contractual terms and conditions. Further staff may be transferred next year after the BBC has reviewed the initial phase of the project late in 1997.
If it is successful the BBC will proceed with building and implementing the new system and service, and in early 1998 transfer finance staff.
The contract is the result of a project initiated by the BBC in September 1994 when it aimed to provide new integrated financial systems for the whole organisation.
The findings of that project led the BBC's board of management to consider the possibility of outsourcing the service.
- 1 Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
- 2 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 3 Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
- 4 When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
- 5 Terror threat level raised to severe as PM warns Isis risk could last for decades
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Botched ice bucket challenge leaves man critically injured after plane drops hundreds of gallons of water
Terror threat level raised to severe as PM warns Isis risk could last for decades
Isis 'A Message in Blood' video shows beheading of Kurdish man in Iraq
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
- < Previous
- Next >
iJobs Money & Business
£50000 - £80000 per annum + benefits+bonus+package: Harrington Starr: Data Sci...
£450 - £500 per day: Orgtel: SAS Business Analyst, London, Banking, Credit Ris...
£32000 - £38000 Per Annum Bonus, Life Insurance + Other Benefits: Clearwater P...
£200 - £250 per day + competitive: Orgtel: KYC Analyst, Key Banking Client, Bi...