Reading Borough Council is moving to an Oracle ERP system hosted in the cloud to increase functionality and save money into the bargain.
The council is extending its relationship with outsourcer Fujitsu to help it move to and manage the Oracle Financials Cloud platform across all of its financial management systems.
The deal will see Reading become one of the first organisations to adopt Oracle Financials Cloud in the UK, with a planned go-live in April 2014.
The contract, which is worth £1.35 million over a three-year term, will see Fujitsu configure Oracle Financials Cloud for the council, as well as provide a number of additional services, including BACs, cheque runs and service support.
Reading says the move to Oracle Financials Cloud will provide it with savings and enable more effective devolved financial management.
The ERP solution provides the council with "richer reporting to budget holders", whilst "most importantly reducing their operating costs", the council said. It also offers users a more intuitive service that can enable new employees to navigate the system far quicker than previous versions, Reading added.
Alan Cross, head of finance at Reading Borough Council, said: "We decided to upgrade to Oracle Financials Cloud as it not only delivers us significant cost savings in these times of budgetary constraint, but also provides genuine business benefit through significantly improved reporting at devolved levels, which our senior managers need."
He said: "The SaaS option fits with our internal ICT strategy so we can achieve a number of benefits through our managed service with Fujitsu."
Sign up for CIO Asia eNewsletters.