NHS Shared Business Services migrates financial systems to Oracle Fusion Cloud
NHS Shared Business Services (NHS SBS) rebuilt the finance and procurement platform for England's National Health Service on Oracle Fusion Cloud ERP and EPM, running on Oracle UK Sovereign Cloud, standardizing some 450 individual finance applications. The organization is using built-in AI capabilities of these cloud applications with the goal of reducing repetitive work and giving staff more time to support frontline services, processing 7.1 million invoices and £355 billion in NHS transactions per year.
Overview
NHS Shared Business Services (NHS SBS) rebuilt the finance and procurement platform for England's National Health Service on Oracle Fusion Cloud ERP and EPM, running on Oracle UK Sovereign Cloud, standardizing some 450 individual finance applications. The organization is using built-in AI capabilities of these cloud applications with the goal of reducing repetitive work and giving staff more time to support frontline services, processing 7.1 million invoices and £355 billion in NHS transactions per year.
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Inspect the highlighted sourceThe challenge
NHS SBS wanted to redesign the end-to-end finance system used by NHS organizations in England, standardizing and rationalizing some 450 individual finance applications and processes without losing control or compromising security, while increasing efficiency to redirect savings to frontline care.
The solution
NHS SBS selected Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Enterprise Performance Management running on Oracle UK Sovereign Cloud, using Oracle ERP to simplify and automate accounts payable and receivable, cash management, invoice processing, debt recovery, and purchasing, while Oracle EPM enables more detailed operational planning and forecasting.
Reported business value
NHS SBS has standardized and automated financial operations to process 7.1 million invoices, recover £7.4 billion in debt, and process £355 billion in NHS transactions per year. Oracle ERP creates the conditions for the NHS to increase productivity, reduce costs, and improve controls, while Oracle EPM helps enable more detailed operational planning, forecasting and improved decision-making.
Sources
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