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Leading provider of business communications and IT managed services invests in SAP BusinessObjects
Business Planning and Consolidation

Birmingham, UK – July 08, 2010 – SAP announced today that leading provider of business communications and IT managed services, Colt has started to implement SAP BusinessObjects Business Planning and Consolidation for effective financial planning and consolidation across the organisation. Colt specialises in providing data, voice and managed services to major enterprises, midsize businesses and wholesale customers. Colt operates a 13-country, 25,000km network that includes metropolitan area networks in 34 major European cities with direct fibre connections into 16,000 buildings and 19 Colt data centres. With such diverse offerings and regions, financial insight across the company is critical to the finance team being able to develop an effective and rapidly adaptable business plan.

Colt had been using a legacy planning application to manage its forecasts and budgeting, but saw growing demands for a scalable, reliable solution that would provide more sophisticated management reporting. To address this need, Colt decided to tender for a new solution that would provide the business functionality, ease of use and technical compatibility that the organisation required to assist its continued success and growth.

A number of vendors including SAP were invited to tender and after a detailed evaluation process, SAP and Oracle were shortlisted. It was important for Colt that any new solution for the finance users would be easy to use. The native Excel interface of SAP BusinessObjects Planning and Consolidation provides both familiarity and additional functionality and can achieve productivity faster. Based on its stringent selection criteria, Colt decided to invest in SAP to help manage the company’s budgets and enhance financial performance. SAP BusinessObjects Planning and Consolidation runs on top of the existing Oracle ERP environment at Colt.

Martin Harrison, Deputy CFO, Colt said; “We wanted a fully integrated solution that would meet our business requirements. We needed a solution that enables effective management decision-making, and is easy for the team to begin using as quickly and efficiently as possible. It also needed to fit with our existing infrastructure. SAP proved that its Planning and Consolidation solution was a better fit for our company than its competitors because of the functionality, its optimal performance as well as Total Cost of Ownership (TCO) with its technology architecture fit. I believe that SAP BusinessObjects Planning and Consolidation will provide us with the business capability we need both now and in the future to ensure we maintain our competitive advantage”

“Managing a company’s performance requires the ability to develop timely and accurate plans and budgets that are aligned with strategic goals. SAP is committed to partnering with Colt, offering its industry and enterprise performance management expertise to help Colt achieve their corporate objectives. We look forward to a long-term relationship with Colt.” said Colin Sharp, Director of Business User and Solution Sales, SAP UK & Ireland.

VIA [SAP-PRESS]

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