September 10, 2010 – Hitachi Consulting UK has implemented a Cost Operations Shared Service Centre model for Swiss Re. The model is designed to provide consolidated expense processing and reporting for the company’s U.S. and UK entities.
Known internally as “BOOST” (BIS and Oracle Operations Standardisation), the project was based on Oracle ERP Financials, and controls overheads, increases efficiency and simplifies data reporting associated with intercompany recharge process, according to Hitachi. The new system is said to replace multiple policies and procedures, and simplify complex processes that require streamlining, involve numerous resources and lack cost transparency.
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