Drinks firm banks on £6m software
A leading soft drinks company has become one of the first privately-owned companies in Northern Ireland to fully exploit a new-style banking technique aimed at increasing efficiencies.
SHS Group, one of Northern Ireland’s largest firms, has completed the next stage of a £6m investment aimed at reducing costs with an agreement to integrate SAP (systems, applications and products) business and banking platforms with Northern Bank.
The company employs more than 750 staff across sites in the UK and Ireland and recorded a turnover of more than £370m in 2010.
Arthur Richmond, finance director of the SHS Group, said the introduction of the software was a long-term investment that would support ambitious growth strategy.
“Northern Bank’s system allows us to maximise accountability within each group company throughout the UK and Ireland,” he said.