ING group is one of Europe's top 10 financial institutions and in recent years has strengthened its wholesale presence with a number of high-profile international acquisitions.

"The London implementation provides a sound platform for finance systems development across ING's Wholesale business around the world."

                                                                                Andrew Horton, UK CFO, ING

Business Challenges

• Following a number of high profile acquisitions ING Wholesale needed to embark on major restructuring to build a single wholesale and financial markets organization from the acquired businesses
• Management wanted to establish a platform for major cost reduction with the ultimate goal being to improve efficiency, cost control and service levels and to make possible a move to regionalized finance service centers

Solutions

• A blue-print finance solution was developed in one location which would then be implemented around the world in controlled, logical stages
• ING managed the project internally with Atos Consulting acting as the implementation partner throughout, taking the lead on technology, business work-stream and testing
• The new blue-print was based on leading-edge, scalable and flexible architecture

Benefits

• The pilot-stage proved the integrated systems architecture, build with core finance functionality, and replaced an ageing ledger system
• Faster and simpler reporting with the automation of manual processes and key controls
• Reduced finance and IT costs within the organization