Sony Pictures Entertainment (SPE) has signed a five-year agreement with IBM to support its global financial system. The $ 3.8 million contract was signed in the first quarter of 2007, where IBM Global Business Services will provide application management services for Sony Picture’s financial applications.
The agreement, which includes application, system development and security support responsibilities, will allow SPE’s IT staff to focus on other projects and improvement initiatives.
“We have put a real priority on fiscal discipline and the integration and growth of our business on a worldwide scale. So our financial system must perform at optimum levels to give us a global view of financial and product information across our filmed entertainment business,” said David Hendler, Chief Financial Officer, SPE.
“SPE has been an entertainment industry leader in modernising its enterprise financial systems, and the agreement to outsource global SAP financial applications support services to IBM continues that tradition of leadership,” said Steven Abraham, Worldwide Leader, Media and Entertainment, IBM Global Business Services.
Originally implemented by IBM in collaboration with SPE, the new financial system replaced several systems that were installed in the territories in which SPE operates. The system provides more than 2,300 users real-time access to SPE financial information globally. IBM will provide operations and support services, both on site at SPE’s Culver City headquarters and remotely from the IBM support centres in India.