To support innovation and the effective management and control of its activities delivering annual turnover in the region of £1.0 billion, VINCI PLC is investing in COINS to provide efficiencies from using a single central repository. The investment will provide VINCI PLC with a stable platform to replace legacy systems and integrate diverse business processes.
 _____________________________________________________________________________________

As part of its significant IT investment, VINCI PLC’s divisions and business units will migrate to COINS from a variety of proprietary systems over the next 18 months. This includes VINCI Construction UK (formerly Norwest Holst), Taylor Woodrow, Crispin & Borst, and others. Several joint venture (JV) companies are also part of the planned implementation. The first of the VINCI PLC business units went live on COINS Financials in early July 2009. The Building division of VINCI Construction UK followed at the beginning of October as planned, and to-date there are now around 500 users. Further COINS rollouts to the other VINCI PLC companies and divisions will take place regularly throughout 2010.

The COINS Implementation Team and VINCI PLC Project Team have been working together closely for the past year on solution design, configuration,business processes, testing and training – all to ensure the successful delivery of COINS on time and to budget.The partnership between the two companies and meticulous planning is evident in the smooth transition experienced by the VINCI PLC entities to date. Delay is not an option; the quicker businesses are migrated to COINS, the sooner efficiencies can be realised.

The COINS solution is providing VINCI PLC with automated ‘end to end’ processing from requisition to payment, utilising web based technology, electronic document management and electronic trading. The surveyors no longer rely on stand-alone spreadsheet systems for valuations. Instead, the Cost/Value Reconciliation (CVR) process is handled as an integral part of COINS. This provides the surveyor with real time information, eliminates the duplication of data and delivers streamlined month end reporting.

Prior to COINS, consolidated financial reporting was via a separate data warehouse, which was necessary because of the number of systems in use. As the COINS implementation progresses, this data warehouse is being replaced by the COINS Business Intelligence (BI) reporting solution. When all parts of the business are migrated, the true capabilities of the COINS BI solution will be realised - the ‘islands of information’ will be eliminated and reporting will be real time.

The next phase of the implementation will double the number of users accessing the system over the coming twelve months. It will also see the introduction of a supplier and subcontractor self registration system, enhanced web services, and the roll out of time recording systems to users in all locations.

VINCI PLC is the parent company of VINCI Construction UK Limited and forms part of VINCI, the world’s leading concessions and construction group. VINCI has a turnover in excess of €33.5 billion and 164,000 employees in 90 countries around the world.