Whitbread extends licence for its Walker financial and procurement solution to support divestment of its Pubs & Bars business to Morgan Grenfell
Whitbread to support Morgan Grenfell's £1,625 million Pubs & Bars business through Walker's financial and procurement solution
12 June 2001 - Walker Interactive Systems, Inc. (OTCBB: WALK), a global provider of e-business solutions for the enterprise, announced today that Whitbread plc has extended its contract for Walker's Financial and Procurement Solution to assist Whitbread with the divestment of their Pubs & Bars division to Morgan Grenfell.
The deal follows Whitbread's announcement on 20 March 2001 that it has sold its Pubs and Bars business to Morgan Grenfell Private Equity for £1,625 million. Using the Walker system, Whitbread plc will manage the Pubs and Bars business' Financial and Procurement System for a minimum of one year under the terms of the sale. The system will support the 3,000 pubs that make up Morgan Grenfell's new Pubs and Bars business. This includes brands such as Hogsheads, Casa bars, Shotz, Champion and Wayside Inns as well as non-branded community pubs and leased pubs. The 1710 leased pubs are primarily local and rural pubs operated by independent business people with contractual arrangements in place for draft and packaged beer.
"There are a huge number of pubs and bars involved in this divestment - including 1710 leased pubs, well over 1000 managed pubs as well as 193 branded High Street pubs. This generates huge volumes of information and transactions so a robust system to manage the business is vital," said Bob Landau, Finance Director, Services Division, Whitbread plc.
Landau continued: "On selling the Pubs and Bars business we needed to be confident in providing a well managed service to Morgan Grenfell for General Ledger, Accounts Payable and Purchase Order functions. Business continuity in these areas was essential"
"We were very impressed with Walker's understanding and flexibility in adapting to our business requirements during the divestment of our Pubs & Bars Division," said Bob Landau, Finance Director, Services Division, Whitbread plc. "And as a user of Walker's Finance and Procurement Solution for six years, we are certain in our ability to continue to manage the Pubs and Bars purchase and accounting processes for Morgan Grenfell for the 3,000 outlets that make up this part of the business.
Roger Llewellyn, EMEA Managing Director of Walker said: "Our objective is to work closely with customers in a collaborative business relationship where we fully understand and support their business requirements. We have achieved this in the past with Whitbread and are pleased to be chosen to do so for the company's divestment plans."
"We see this choice as further evidence that the combination of IBM's S390 hardware and Walker's Finance and Procurement system is the ideal performance solution for businesses where huge volumes of transactions take place." concluded Llewellyn.
The system will run on Whitbread's IBM mainframe in an MVS/DB2 environment. Whitbread have been running the Walker Finance and Procurement systems for six years and have Walker solutions across other areas of the business.
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Whitbread is the UK's largest operator in active leisure clubs, restaurants and budget hotels. Whitbread holds the second largest overall position in hotels. Whitbread's brands include: Mariott Hotels (including the Swallow hotels to be converted to Marriott), Travel Inn, Brewers Fayre, Beefeater, David Lloyd Leisure, Bella Pasta, Café Rouge, Costa Coffee, Pizza Hut and TGI Friday's.
Walker Interactive Systems, Inc. (OTCBB: WALK), headquartered in San Francisco, California, is a leading, global provider of e-business solutions for the enterprise. The Walker family of e-business applications and vertical industry solutions, combined with integration and consulting services, is utilised by Global 2000 organisations in industries including banking and financial services, retail, transportation and utilities. Information about Walker is available at http://www.walker.com.
Copyright (c) 2001 Walker Interactive Systems, Inc. Walker, Horizon and Deep e-business solutions are trademarks and/or registered trademarks of Walker Interactive Systems, Inc. All other brand and product names are trademarks of their respective owners.
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