Lloyds TSB has implemented SAP’s Supplier Relationship Management e-procurement system to create a single buying process for most of the bank’s spending on goods and services.
The SAP system is being rolled out to 72,000 staff after a joint implementation project by Lloyds TSB, SAP Consulting and Capgemini.
Lloyds TSB’s services and systems director for joint procurement, Mark Swyny, said the new system was “a key part” of the bank’s procurement transformation programme and would allow the bank both to control spending well and reduce costs in its procure-to-pay process, working with Lloyds TSB’s existing SAP Financial and Reporting software.
Swyny added: “Lloyds TSB is taking a strategic approach to align technology with business plans in order to provide an even better service for customers and a more effective way of working for Lloyds TSB’s employees.”
Caroline Booth, Lloyd’s TSB’s chief procurement director, added: “A key factor in deciding to choose SAP was the company’s strategic focus on developing solutions which cover the whole procurement process from strategy to execution.”
Last week, the bank announced that it had installed software from Actimize to help prevent potential fraud by members of staff. The software runs complex analytics on transactions to identify suspicious patterns or unusual activities.