Logica wins HR & Payroll Services contract for Bank of England
Five year contract to deliver BPO service based on Oracle Pay as You Go
Logica, a leading IT and business services company, today announced it has been appointed by the Bank of England to participate in the on-going development of its HR services following a competitive tender process. The five year HR services contract will see Logica work with the Bank to help drive continuous improvement in the delivery of HR services for its 1,750 employees and 7,000 pensioners.
Logica will supply its innovative Oracle HCM pay as you go offering performance management, recruitment, time & attendance, flexible benefits and self-service, HR analytics and a bureau payroll service. The service will be delivered using its fully managed software service.
Logica’s services will bring greater automation and standardisation to improve efficiency and cost effectiveness as well as a better supporting platform to deliver improved employee services.
The implementation will be phased with the service scheduled to go live in 2010. The benefits of the Oracle HCM system to companies include:
- Cost savings and rapid return on investment
- Robust and secure software administration and infrastructure delivered as a per employee per month service
- Increased efficiency in HR Services
- Better management of interviews through i-Recuitment
- Reduced duplication of effort and less manual intervention
- Shared service centre staff focusing less on administration and more on value-added activities
- More accurate reporting aiding better employee information and predictive reporting
Logica provides payroll outsourcing and HR services to more than 850 organisations across a range of platforms including Oracle, SAP, and the company’s own developed solutions. This latest contract follows other recent HR and payroll outsourcing contracts with Channel 4, KPN, Martinair and PricewaterhouseCoopers.
About Logica
Logica is a leading IT and business services company, employing 40,000 people. It provides business consulting, systems integration, and IT and business process outsourcing services. Logica works closely with its customers to release their potential - enabling change that increases their efficiency, accelerates growth and manages risk. It applies its deep industry knowledge, technical excellence and global delivery expertise to help its customers build leadership positions in their markets. Logica is listed on both the London Stock Exchange and Euronext (Amsterdam) (LSE: LOG; Euronext: LOG). More information is available at www.logica.com.
Press contacts
Rima Awad
Head of PR and Media Relations,Logica
Email: rima.awad@logica.com
Tel: 07799 477 158
Nadia Nandi
UK PR Manager,Logica
Email: nadia.nandi@logica.com
Tel: 07921 932 363
Logica
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