Download printable version of Core Financial System Selection and Contract Negotiation case study

Project:

Core Financial System Selection and Contract Negotiation

Scope:

 

A central Accounts Payable department had used a manual, paper-based invoice authorisation process for multiple business units. They required an electronic workflow based process and software to support this. 

Turnstone provided support in choosing the right system for a multi company, multi currency environment.

 

Key Business Benefits:

 

1. Business case gained finance approval and funding
2. Minimum disruption to finance team during RFP process
3. Rigorous selection process revealed most suitable software provider
4. RFP gave detailed requirements and fixed pricing, easing the negotiations process

As a result of the rigorous process, the software delivered more benefits than predicted, and early user involvement in project fostered buy in.  The software was quickly widely accepted.

Turnstone managed the process on the Client’s behalf, enabling Client resources to continue with other strategic projects, but retaining all key decisions.

The project was successful with 100% uptime and invoice accuracy, on budget, and on time.

 

The Turnstone Approach:

 

We ensured that the proposed software was fully tested during the RFP through use cases, ensuring that the chosen software could support the proposed processes.

The RFP included detailed requirements for service and service levels, enabling rapid contract negotiations.  Users were involved throughout the process, buy-in to the new software and processes.