Greenlink Interconnector Limited, which is building a 190km subsea and underground electricity interconnector between Ireland and Great Britain, has chosen LAKE to help implement a new cloud-based system for financial management, reporting, spend management and budgetary control. SunSystems was chosen for its analysis and reporting flexibility and LAKE was chosen for being a trusted business partner with a reputation for excellent service delivery.
John Dixon, Senior Financial Controller, explains the reasons for investing in a new financial management system.
"As the business has grown significantly over the past four years and we now prepare for construction of what is a major European infrastructure project, our financial management needs have become more complex. We report to regulatory bodies in the EU, Ireland and the UK, along with banks and other funding sources, and have internal management reporting and governance requirements. When you are reporting in multiple worlds as we will need to do, a top-class product with powerful analysis is required. I knew SunSystems and EPM could deliver everything we needed. They were the obvious choice.
With the amounts of capital being deployed and the increased numbers of people in the team required to execute the construction, a more comprehensive purchasing and budgetary control system was required. Integration with other systems is also a consideration to drive efficiency. With Proactis and SunSystems you get end-to-end management of purchasing, with greater visibility of spend and ability to drill down into the detail of transactions, from purchase order right through to supplier invoice and payment."
The choice of LAKE as implementation partner was a key factor in the choice of finance system. John Dixon explains:
"I have worked with LAKE on a number of previous system upgrades, including for complex projects. They have delivered to expectation and readily understand the challenges associated with upgrading a system in an intense operational environment. A number of the team working on the Greenlink project delivered successfully on previous projects I have been associated with. I think of them as a trusted partner."
Greenlink is a proposed subsea and underground electricity interconnector linking the power markets in Ireland and Great Britain and planned for commissioning in 2024. As an EU Project of Common Interest (PCI), it is one of Europe's most important energy infrastructure projects. For more information visit: www.greenlink.ie