Transformational Journey With Laing O'Rourke

Laing O'Rourke (LOR)

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Outcomes

  • Increased confidence in the resulting reports and analysis
  • Financial analysis takes minutes rather than days
  • Less reliance on IT Services & Accountants
  • Faster response to business change
  • More time spent on value-added analysis work, less on number crunching and reconciliation
"
The Clarivos team understood exactly what we wanted from the start. They recognised the context in which we were trying to implement and immediately appreciated - and supported - our need and desire for knowledge transfer and self sufficiency.
"
Graham Pattison - LOR FP&A Systems Manager

The Challenge

For years Laing O’Rourke (LOR) had been managing its group financial consolidation on ageing and increasingly unreliable platforms resulting in;

  • Excessive manual intervention and inefficient processes
  • Low confidence in reporting and analytics
  • Difficulties in keeping up with the changes the business demanded


Faced with the need to modernise its systems, the business set itself a new vision beyond the implementation of a new software solution.

Partner of the Year

TECHNOLOGY IN ACTION

Following an exhaustive competitive tender with Tier 1 consolidation vendors, LOR selected CCH Tagetik’s Corporate Performance Management system - an agile, continuous, and unified consolidation solution.

"
CCH Tagetik’s key selling point was that its CPM solution is extremely user friendly and flexible enough to provide consolidation, budgeting, forecasting and bespoke solutions.
"

Graham Pattison, LOR FP&A Systems Manager

Project Deliverables

In 2011, Clarivos embarked on a transformational 5-phased implementation journey with LOR:

  1.    Statutory & Group Management Consolidation
  2.    Streamlined Tax Calculation
  3.    Long Term Contract Forecasting
  4.    Budgeting
  5.    Group Cash Flow and Liquidity Planning
"
Reflecting on the different projects, the financial and management accounts were really about replacing and improving existing systems but the new tax process and long-term contract forecasting are where the major added value is seen.
"
Graham Pattison - LOR FP&A Systems Manager
Project Deliverables

OUTCOMES

  • Increased confidence in the resulting reports and analysis
  • Financial analysis takes minutes rather than days
  • Less reliance on IT Services & Accountants
  • Faster response to business change
  • More time spent on value-added analysis work, less on number crunching and reconciliation
"
We previously needed accountants to do tasks that are now performed by [the system]. Now, the team can focus on more value-added activities like better analytics and decision-making – and everyone has increased confidence in reporting and analysis.
"
Laing O'Rourke (LOR)

A Partner For Long Term Transformation

"
The Clarivos team understood exactly what we wanted from the start. They recognised the context in which we were trying to implement and immediately appreciated - and supported - our need and desire for knowledge transfer and self sufficiency.
"
Graham Pattison - LOR FP&A Systems Manager

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