MUMBAI: Sony Pictures Entertainment has signed a five-year, $3.8 million contract with IBM to support its global financial system.
The agreement expands on an earlier $4.3 million contract between the two companies that was based on a competitive evaluation. As per the deal, IBM Global Business Services will provide application management services for SPE’s SAP global financial applications, leveraging IBM’s India-based global delivery capabilities. The agreement, which includes application, system development and security support responsibilities, will allow SPE’s own IT staff to focus on other high-priority new project and improvement initiatives, says a release.
Originally implemented by IBM in collaboration with SPE, the new, single 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’s 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 centers in India, the release adds.
IBM’s application management services help clients align business objectives with IT investment and optimise applications to help companies drive revenue, focus on core competencies and lower costs.