LONDON, UK — 6 September, 2010 — Hitachi Consulting UK today announced that it has implemented a Cost Operations Shared Service Centre model on behalf of Swiss Re designed to provide consolidated expense processing and reporting for the company’s US and UK entities. Known internally as BOOST (BIS & Oracle Operations Standardisation), the project was based on Oracle ERP Financials, and designed to control overheads, increase efficiency and simplify data reporting associated with intercompany recharge process. The new system replaces multiple policies and procedures and simplifies complex processes that required streamlining, involved numerous resources and lacked cost transparency.
Founded in Zurich, Switzerland, in 1863, Swiss Re operates in more than 20 countries and provides its expertise and services to clients throughout the world.
- Published: 05 September 2010
- Written by NeonDrum