HBOS plc Improves Supplier Risk Management with Kalido-Based System; Latest Phase of One of the Financial Sector's Largest and Most Successful Supplier Relationship Management Systems Helps Safeguard Bank's Interests

Business Wire, June 20, 2005

As KALIDO was able to handle dual versions of the same data, the procurement department could compare management information generated by the new accounts payable with that generated by the old. This was a huge benefit as typically it is very difficult to compare data sets that span the lifetimes of two accounting systems.

Extending the reach - December 2003

This phase was designed to extend the reach of the SRM system to give the procurement team a complete view of supplier spending habits and relationships right back to 2001, irrespective of which reporting system was used at the time. Procurement systems from two further subsidiaries - Halifax Life and Pensions and Clerical Medical - were brought into KALIDO at the end of 2003. Purchasing information dating back to Jan 2001 was loaded in, and, despite major differences in the way the data was coded and structured, KALIDO enabled analysis alongside much newer data.

Both subsidiaries have since closed their accounts payable systems and they too are now fed into a central Oracle system. Again, this was achieved seamlessly with no disruption in reporting.

Present: Adding external data

The current phase has involved the assimilation of a vendor-ratings system into HBOS SRM to help safeguard the bank's interests, using risk data supplied by Dunn & Bradstreet.

About HBOS plc

HBOS was formed in September 2001 following the merger of Halifax and Bank of Scotland.

With assets of over GBP 440 billion, it is the UK's largest mortgage and savings provider as well as being a major player in the provision of new current accounts and credit cards in the UK.

With around 2.5 million private shareholders, HBOS has the largest private shareholder register in the UK. Profit before Tax for the year ended 31st December 2004 was GBP 4.6 billion.

About Kalido

Kalido provides adaptive enterprise data warehousing and master data management software to Global 2000 companies. The KALIDO(R) application suite (KALIDO) delivers consolidated views of enterprise performance and can rapidly adapt them to major changes in the business such as mergers and acquisitions, market consolidation, or new regulatory requirements. This improves the speed and accuracy of management and financial reporting without the cost and delay of operational system standardization. Kalido customers who have measured the business benefits of their projects have typically found they have derived annual savings of millions, and in some cases tens of millions, of dollars through improved management of their company performance and reduction of IT costs.

With KALIDO, companies can rapidly create and manage adaptive data warehouses and master data management projects throughout their lifecycle, benefiting from the software's strategic flexibility, low cost and speed of deployment. An independently audited study shows that KALIDO saves at least 55 percent in ownership costs compared to custom-built approaches, a figure surpassed by real-life customer experiences. The average KALIDO data warehouse implementation takes less than 6 months, as opposed to 16 months for conventional approaches.