Travel agents Lunn Poly and Thompson will begin to standardise their financial systems on Oracle software from January, as part of rationalisation drive by their parent company.
Both firms form part of German leisure group TUI AG, which is looking to standardise its financial systems across its 31 UK-based business units.
Following a spree of acquisitions, which resulted in the purchase of the Thompson Group, 16 different sets of ledgers were being produced, explained Steve Newman, project director at TUI UK.
"We were using different definitions for revenue, and different reporting timetables. The systems weren't designed to work together, and it soon became clear that we needed an integrated system," he said.
TUI UK is to take a staged approach to the consolidation. Initial implementation began last November.
Lunn Poly will become the first business unit to go live in January 2003, and the final date for completion of the project is April 2004.
"The rationale was to restructure reporting across the organisation," said Newman. "But we expect additional benefits such as improved e-procurement systems."
The decision to go with Oracle was made by TUI AG. It uses SAP and Oracle but felt that the latter was more suited to the service environment, according to Newman.
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