Financial Management System - Australia's NBN Co

Overview

NBN Co and Accenture team deploy a financial management solution in only 57 days.

NBN Co. needed a robust finance and procurement system to maintain transparency of the A$27.5 billion public investment, and it needed to be deployed rapidly.

In just 57 days, Accenture and NBN Co set a record for an Oracle E-Business Suite Financials deployment.

Learn more about Accenture services, research and client successes for the communications industry

Business Challenge

Australia’s NBN Co required sophisticated financial management systems.

Executives needed to conduct rigorous financial planning for the A$37.4 billion dollar network, as NBN Co would soon start work on network construction projects that required large-scale procurement.

And the system needed to be operational by the start of that new financial year—only a few months away.

How We Helped

Accenture and NBN Co designed a finance and procurement management system using the Financial Management and Advanced Procurement modules of the Oracle E-Business Suite.

Working to exceptionally tight deadlines, a joint team formulated a phased deployment strategy to deliver the core system functionality by June 30, 2010.

This included:

General ledger
Accounts receivable
Accounts payable
Cash management and fixed assets
Core procurement capabilities

High Performance Delivered

Today, NBN Co executives have the Oracle-based financial management capabilities and systems to accurately manage the A$37.4 billion network construction budget of Australia’s largest public infrastructure project, as well as the network services the company will soon provide.

By leveraging global experience, Accenture was able to keep customisations to the minimum, while setting the foundation for a highly flexible financial platform.

Critically, the joint NBN Co and - Accenture team was able to deploy its financial management solution record time—just 57 days.

Read more Accenture and NBN Co case studies:

NBN Co: Financial Management Solution