PracticeConsultingNHS revamps finance arms.

NHS revamps finance arms.

Finance directors at the NHS have been warned off procuring new financial systems over the next two years as the NHS Executive prepares to consolidate the provision of financial services across the service.

NHS director of finance and performance Colin Reeves wrote to NHS finance leaders last week with an update on the shared services initiative, which could see financial services for the whole English NHS run from between eight and 25 operational centres.

He unveiled plans to define a specification for national general ledger systems. This national specification will pave the way for shared service centres, following the route of the new human resources and payroll system, which will lead to a single payroll system replacing the 31 currently in use.

‘If your organisation is considering the procurement of new financial systems in the next two years these systems may only be needed for a relatively short period of time,’ said Reeves. ‘You may wish to re-examine that decision.’

A study earlier in the year by KPMG, which estimated the NHS could save between £130m and £180m from implementing shared services, said it was crucial for the NHS to standardise its financial systems. While a private company would be unlikely to allow individual sites to run different systems, the NHS uses numerous packages..

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer