United Kingdom, 2006-Jul-10
Siemens Business Services today announced that it has been awarded a major new contract to develop a new payment and accounting system for the Department for Work and Pensions (DWP).
The £59m contract is scheduled to run to 2010, and will provide an integrated payment and accounting system which will modernise how the DWP makes, manages and accounts for the £110 billion of benefits, pensions and allowances paid annually to its 17 million customers.
Already a leading supplier of IT services to the UK Government, Siemens Business Services will be responsible for working with the DWP through the development, delivery and ongoing system management and maintenance of a new Central Payment System (CPS). Based on the Oracle E-Business Suite, the CPS will integrate with existing DWP systems and processes and will provide improved customer service through faster, more accurate payments and greater accounting controls.
Tom White, Managing Director of Siemens Business Services, commented: “We are extremely pleased to have been awarded this contract. As a leading supplier of services to the public sector both in the UK and in Europe we are looking forward to helping the Department for Work and Pensions transform its services to UK citizens. This contract further develops the central role that Siemens Business Services currently plays in helping to improve the efficiency of public service delivery.”
About Siemens Business Services
Siemens Business Services is an internationally leading IT service provider, offering services all along the entire value chain – from consulting to systems integration, right through to the management of IT infrastructures. Thanks to its comprehensive know-how and sector-specific expertise, the company provides measurable added value for its customers.
With regard to outsourcing, Siemens Business Services is among the top ten providers worldwide. With around 39,000 employees globally, the Group posted sales in fiscal 2005 (ending 30 September 2005) of EUR 5.4 billion, 75 percent of which was achieved outside the Siemens organisation.
About Siemens in the UK
Siemens was established in the United Kingdom 163 years ago. The company employs 21,122 people in the UK, including about 5,000 in the manufacturing sector. Last year’s revenues were £3 billion, including exports of £500 million. Siemens provides innovative, high-quality services and solutions to customers in a diverse range of industry sectors, including power, automation and control, information and communication, medical, transportation, lighting, and household.
Siemens has offices and factories throughout the UK, with its headquarters in Bracknell, Berkshire. The company’s global headquarters is in Munich, Germany.
Mr. Stephan Bobinet
Press and Analyst Relations Manager, Siemens Business Services
Further information
Tel: +44 (0)1344 784329