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	<title>eg &#187; rachel</title>
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	<link>http://www.eguk.co.uk</link>
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		<title>A shared service centre is the means to achieve improved customer service &amp; reduced costs</title>
		<link>http://www.eguk.co.uk/news/a-shared-service-centre-is-the-means-to-achieve-improved-customer-service-reduced-costs/</link>
		<comments>http://www.eguk.co.uk/news/a-shared-service-centre-is-the-means-to-achieve-improved-customer-service-reduced-costs/#comments</comments>
		<pubDate>Thu, 01 Dec 2011 10:23:19 +0000</pubDate>
		<dc:creator>rachel</dc:creator>
				<category><![CDATA[General eg news]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Product news]]></category>

		<guid isPermaLink="false">http://www.eguk.co.uk/?p=4995</guid>
		<description><![CDATA[Shared services provides an opportunity to reduce operational costs by optimising resources, technology and premises. Some of eg&#8217;s customers use this as a precursor to outsourcing to get their processes under control before entering third party negotiations &#8211; others use it as an alternative to outsourcing. All of our customers recognise that pockets of staff [...]]]></description>
			<content:encoded><![CDATA[<p>Shared services provides an opportunity to reduce operational costs by optimising resources, technology and premises. Some of <strong>eg</strong>&#8217;s customers use this as a precursor to outsourcing to get their processes under control before entering third party negotiations<span id="more-4995"></span> &#8211; others use it as an alternative to outsourcing. All of our customers recognise that pockets of staff all over their businesses, with separate management structures, operating in different ways is not cost effective and is not good for customer service. Optimisation is at the heart of shared services strategies.</p>
<p>Whilst shared service centres may have their critics who claim that projects fail because they cause a disruption to the service flow by moving the work to a central location and creating failure demand, the facts certainly support in favour of the benefits service centres bring &#8211; particularly in times of economic uncertainty when administrative costs seem to rise and the burden of legislation appears to grow heavier.</p>
<p>Back office environments have the scale and scope to deliver great operational efficiencies so investing time and money to performance manage these areas and understand how optimisation can reap significant financial rewards is worthwhile.</p>
<p>Read the case study of how in creating this <a href="http://bit.ly/pF88jB">shared service centre benefits</a> included improved productivity with less staff, backlogs were cleared, visibility over performance and quality resulted in recognition of best practice standards and the morale of staff improved.</p>
<p><a href="http://bit.ly/sfgiwY">More reading on shared service centres</a></p>
<p><strong>eg</strong> offer a <a href="../../../../../about-eg/sign-up-for-your-free-site-survey/">free on site review</a> to help you understand the operational improvements that could be made.  Just give us a call on 01785 715772 or email ask and we can talk you through how this could apply to you and deliver real benefits &#8211; guaranteed.</p>
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		<title>eg’s support for The Royal British Legion</title>
		<link>http://www.eguk.co.uk/news/eg%e2%80%99s-support-for-the-royal-british-legion/</link>
		<comments>http://www.eguk.co.uk/news/eg%e2%80%99s-support-for-the-royal-british-legion/#comments</comments>
		<pubDate>Wed, 23 Nov 2011 11:26:52 +0000</pubDate>
		<dc:creator>rachel</dc:creator>
				<category><![CDATA[Awards]]></category>
		<category><![CDATA[CSR]]></category>
		<category><![CDATA[Clients]]></category>
		<category><![CDATA[General eg news]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.eguk.co.uk/?p=4914</guid>
		<description><![CDATA[As the eg operational excellence awards® evening was held on 11 November 2011 (11.11.11), eg solutions plc &#8211; the back office optimisation software company, decided to use this as an opportunity to raise money for The Royal British Legion Poppy Appeal. This year, it is the Legion&#8217;s 90th anniversary of supporting Service people past and present.
The [...]]]></description>
			<content:encoded><![CDATA[<p>As the <strong>eg operational excellence awards<sup>®</sup></strong> evening was held on 11 November 2011 (11.11.11), <strong>eg</strong> solutions plc &#8211; the back office optimisation software company, decided to use this as an opportunity to raise money for The Royal British Legion Poppy Appeal. <span id="more-4914"></span>This year, it is the Legion&#8217;s 90th anniversary of supporting Service people past and present.</p>
<p>The <strong>eg operational excellence<sup>®</sup></strong> awards, now in their 9th year, offer an international benchmark of excellence within the industry.  They showcase Companies and Teams who are transforming the experience of customers and employees and demonstrate how real-time work management, forecasting &amp; strategic planning and operational excellence can make a difference.  Over 130 guests from across the financial services sector were in attendance and generously donated to the appeal.</p>
<p>The Legion has introduced new services and extended the reach of existing ones. They spend over £1.2 million a week on welfare work and as a result, can help around 100,000 people each year so every penny counts.  So far £852.00 has been donated by <strong>eg</strong> and their client base which goes towards The Royal British Legion Poppy Appeal record breaking fundraising goal of £40 million.</p>
<p>Pictured below are Phil Lee, Non-executive Director and Elizabeth Gooch, CEO at <strong>eg</strong> solutions with the fundraising cheque.</p>
<p>It’s not too late to donate online &#8211; <a href="http://www.poppy.org.uk/support-us/give-money">http://www.poppy.org.uk/support-us/give-money</a></p>
<p><strong>eg</strong> is committed to managing its business in a socially responsible manner and as part of the Company CSR policy supports selected charitable causes.</p>
<p style="text-align: center;">
<p style="text-align: center;"><a title="Board-Poppy-Donation" rel="lightbox[pics4914]" href="http://www.eguk.co.uk/wp-content/uploads/2011/11/Board-Poppy-Donation.jpg"><img class="attachment wp-att-4915 centered" src="http://www.eguk.co.uk/wp-content/uploads/2011/11/Board-Poppy-Donation.thumbnail.jpg" alt="Board-Poppy-Donation" width="200" height="150" /></a></p>
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		<title>Winners announced &#8211; eg operational excellence® awards 2011</title>
		<link>http://www.eguk.co.uk/news/winners-announced-eg-operational-excellence%c2%ae-awards-2011/</link>
		<comments>http://www.eguk.co.uk/news/winners-announced-eg-operational-excellence%c2%ae-awards-2011/#comments</comments>
		<pubDate>Mon, 14 Nov 2011 09:10:48 +0000</pubDate>
		<dc:creator>rachel</dc:creator>
				<category><![CDATA[Awards]]></category>
		<category><![CDATA[Clients]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.eguk.co.uk/?p=4877</guid>
		<description><![CDATA[Shortlisted finalists and other guests gathered at The Marriott Forest of Arden Hotel, Warwickshire, on Friday 11 November to hear eg solutions plc – the back office optimisation software company – announce the winners of the eg operational excellence® awards 2011.
The awards, now in their 9th year, offer an international benchmark of excellence within the [...]]]></description>
			<content:encoded><![CDATA[<p>Shortlisted finalists and other guests gathered at The Marriott Forest of Arden Hotel, Warwickshire, on Friday 11 November to hear <strong>eg </strong>solutions plc – the back office optimisation software company – announce the winners of the <strong>eg operational excellence<sup>®</sup></strong> awards 2011.</p>
<p>The awards, now in their 9th year, offer an international benchmark of excellence within the industry.  They showcase Companies and Teams who are transforming the experience of customers and employees and demonstrate how real-time work management, forecasting &amp; strategic planning and operational excellence can make a difference.</p>
<p><strong>eg</strong>’s CEO, Elizabeth Gooch, said “our awards recognise outstanding contributions made by individuals towards best practice use of the <strong>eg principles of operational management<sup>®</sup></strong> and the <strong>eg</strong> software suite.  Set against a backdrop of economic gloom our award entrants have once again shown what can be achieved, year after year”.</p>
<p>The awards evening was attended by guests from many of <strong>eg</strong>’s clients including: The Co-operative Banking Group, Capita, Legal &amp; General, Geoban (Subsidiary of Santander), The West Brom, Citi, Nationwide Building Society, DNB Livsforsikring from Norway and Silica from South Africa.</p>
<p>When announcing this year’s winners, Tim Becker – the evening’s compere and Client Engagement Manager at <strong>eg </strong>– said: “The <strong>eg operational excellence<sup>®</sup></strong> awards celebrate real achievements and reward the hard work and success of Team Leaders, Managers and their teams.  The standard of the nominations this year was extremely high and all the winners should feel extremely proud of their achievements and their progress in the journey to operational excellence.”</p>
<p><strong>The 2011 Winners</strong></p>
<p><strong>Best Newcomer Team Manager (UK)</strong> &#8211; Kat Nolan, Legal &amp; General Retail Savings</p>
<p><strong>Best Newcomer Team Manager (International)</strong> &#8211; Nomsa Mthimunye, Metropolitan Health</p>
<p><strong>Best Business Support</strong> &#8211; Paul Bunce, Nationwide Building Society</p>
<p><strong>Most Improved Team Manager</strong> &#8211; Jackie Pearson, Capita Life &amp; Pensions</p>
<p><strong>Best Practice Team Manager (UK)</strong> &#8211; George Hutchinson, Legal &amp; General Retail Savings</p>
<p><strong>Best Practice Team Manager (International)</strong> &#8211; Seviours Nkomo, Silica</p>
<p><strong>Best Practice Manager (UK)</strong> &#8211; Adrian Downey, Legal &amp; General Retail Savings</p>
<p><strong>Best Practice Manager (International)</strong> &#8211; Tracey Basson, Silica</p>
<p><strong>Company &amp; Team Awards </strong></p>
<ul>
<li>Best      use of Software to achieve Strategic Objectives &#8211; Banking Operations Team,      Nationwide Building Society</li>
</ul>
<ul>
<li> Operational      Excellence Best Practice &#8211; Retail Savings Operations Project, Legal &amp;      General Retail Savings</li>
</ul>
<ul>
<li> Forecasting      &amp; Strategic Planning &#8211; DKS/Oppgjør/Konsern/Uføre, DNB Livsforsikring</li>
</ul>
<p><a href="http://www.eguk.co.uk/services/the-eg-operational-excellence-awards/">Photographs from the evening are available on the website</a>.</p>
<p>See the video from the evening <p><a href="http://www.eguk.co.uk/news/winners-announced-eg-operational-excellence%c2%ae-awards-2011/"><em>Click here to view the embedded video.</em></a></p></p>
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		<title>Workforce Management Technologies</title>
		<link>http://www.eguk.co.uk/news/workforce-management-technologies/</link>
		<comments>http://www.eguk.co.uk/news/workforce-management-technologies/#comments</comments>
		<pubDate>Mon, 07 Nov 2011 13:59:46 +0000</pubDate>
		<dc:creator>rachel</dc:creator>
				<category><![CDATA[General eg news]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Training]]></category>

		<guid isPermaLink="false">http://www.eguk.co.uk/?p=4860</guid>
		<description><![CDATA[In a recent article in Retail Systems it looked at WFM technologies and how they are replacing timecards, &#8216;buddy punching&#8217; and bringing new efficiencies.
Across the pond, biometric systems which scan employees fingers or retina are used &#8211; but are they good for staff morale?
One contributor to the article believes &#8216;a workforce will have a top [...]]]></description>
			<content:encoded><![CDATA[<p>In a recent article in <a href="http://www.retail-systems.com/rs/index.php">Retail Systems</a> it looked at WFM technologies and how they are replacing timecards, &#8216;buddy punching&#8217; and bringing new efficiencies.<span id="more-4860"></span></p>
<p>Across the pond, biometric systems which scan employees fingers or retina are used &#8211; but are they good for staff morale?</p>
<p>One contributor to the article believes &#8216;a workforce will have a top tier of excellent performers, a larger proportion will be distinctly average and a minority ready to exploit the system&#8217;.   Elizabeth Gooch, CEO at <strong>eg</strong> solutions plc commented in the article that &#8216;typically you&#8217;ll get five to ten percent of staff complaining about an invasion of their privacy (with such systems) &#8211; very often from those individuals who are the least productive&#8217;.</p>
<p>An opinion shared in a blog post from one of <strong>eg</strong>&#8217;s clients raised the importance of <a href="http://www.eguk.co.uk/blog/measure-motivate-manage/">measure, motivate, manage</a> and this is true when introducting such technologies.</p>
<p>One of the Institute of Leadership &amp; Management members commented on this topic as follows:</p>
<p><span>To motivate people we need to ensure that:<br />
* they know and understand their objectives, their purpose, where their role fits in with the organisation.<br />
* they receive constructive feedback and know how they are doing,<br />
* they have all the necessary tools and skills,<br />
* they feel valued and empowered<br />
…..and then they usually feel motivated.</span></p>
<p>Whilst workforce management technologies bring new efficiencies, they need to be implemented with a cultural/change management programme to be most effective.</p>
<p><a href="http://www.eguk.co.uk/services/">Further reading on this and video stream.</a></p>
<p><span> </span></p>
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		<title>Shared Services</title>
		<link>http://www.eguk.co.uk/case-studies/shared-services/</link>
		<comments>http://www.eguk.co.uk/case-studies/shared-services/#comments</comments>
		<pubDate>Fri, 04 Nov 2011 16:58:50 +0000</pubDate>
		<dc:creator>rachel</dc:creator>
				<category><![CDATA[Case Studies]]></category>
		<category><![CDATA[Solution Sheets]]></category>

		<guid isPermaLink="false">http://www.eguk.co.uk/?p=4863</guid>
		<description><![CDATA[The shared service centre is the means to achieve guaranteed improved customer service and reduced costs.
]]></description>
			<content:encoded><![CDATA[<p>The shared service centre is the means to achieve guaranteed improved customer service and reduced costs.</p>
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		<title>Back office is now a growth area&#8230;</title>
		<link>http://www.eguk.co.uk/news/back-office-is-now-a-growth-area/</link>
		<comments>http://www.eguk.co.uk/news/back-office-is-now-a-growth-area/#comments</comments>
		<pubDate>Fri, 28 Oct 2011 09:12:58 +0000</pubDate>
		<dc:creator>rachel</dc:creator>
				<category><![CDATA[General eg news]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.eguk.co.uk/?p=4855</guid>
		<description><![CDATA[&#8230;but getting the software right is critical.
Elizabeth Gooch, CEO at eg solutions plc was interviewed recently by Business Money and discussed the topic of the back office.
The featured article looks at how the back office can mean different things to different people and analyst predictions for growth.  If you would like to see the full [...]]]></description>
			<content:encoded><![CDATA[<p>&#8230;but getting the software right is critical.<span id="more-4855"></span></p>
<p>Elizabeth Gooch, CEO at <strong>eg</strong> solutions plc was interviewed recently by Business Money and discussed the topic of the back office.</p>
<p>The featured article looks at how the back office can mean different things to different people and analyst predictions for growth.  If you would like to see the full article just <a href="mailto:ask@eguk.co.uk">email me</a>.</p>
<p>Another related back office topic was also covered in a linked-in conversation on <a href="../../../../../blog/what-is-the-single-biggest-factor-that-stops-you-form-using-wfm-for-back-office-planning/">What is the single biggest factor that stops you from using WFM for back office planning?</a></p>
<p>Lots of people have their own theories and here is one from Elizabeth Gooch – “I think the biggest factor that stops people using WFM for back office planning is that ultimately these are not fit for purpose. End users with back-office WFM needs should ensure that the solution they select can effectively meet all of their requirements for specific back-office processes, ideally with purpose built functionality that works”.</p>
<p>Have your say…Read the full <a href="../../../../../blog/what-is-the-single-biggest-factor-that-stops-you-form-using-wfm-for-back-office-planning/">blog</a> and thread conversation <a href="http://linkd.in/tbLdqG">http://linkd.in/tbLdqG</a></p>
<p>All comments welcome.</p>
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		<title>South Africa run for fun</title>
		<link>http://www.eguk.co.uk/news/south-africa-run-for-fun/</link>
		<comments>http://www.eguk.co.uk/news/south-africa-run-for-fun/#comments</comments>
		<pubDate>Thu, 20 Oct 2011 13:34:02 +0000</pubDate>
		<dc:creator>rachel</dc:creator>
				<category><![CDATA[CSR]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[South Africa]]></category>
		<category><![CDATA[eg people]]></category>

		<guid isPermaLink="false">http://www.eguk.co.uk/?p=4833</guid>
		<description><![CDATA[There is a fun run/walk taking place in Soweto, South Africa on the 30 October 2011 and we have our local eg team taking part to raise money for Doornkop Needy Children’s Centre (DNCC), eg’s company charity based in South Africa.
Tony Cohn, Kay Moodley, Wendy Jeavons, Nols Mbele from eg South Africa and Namsi, the [...]]]></description>
			<content:encoded><![CDATA[<p>There is a fun run/walk taking place in Soweto, South Africa on the 30 October 2011 and we have our local <strong>eg </strong>team taking part to raise money for Doornkop Needy Children’s Centre (DNCC), <strong>eg</strong>’s company charity based in South Africa.<span id="more-4833"></span></p>
<p>Tony Cohn, Kay Moodley, Wendy Jeavons, Nols Mbele from <strong>eg </strong>South Africa and Namsi, the Senior Carer at the crèche, will be participating in the event doing the 10km walk with the aim to raise enough funds to organise a great Christmas party for the children at DNCC.</p>
<p>Entrant numbers have arrived and training is underway.  We have already received donations from <strong>eg</strong> staff, colleagues, friends &amp; family and client staff from Silica.</p>
<p>So open your hearts and wallets to support our great cause.  Let’s make this a great Christmas party for the <a href="../../../../../news/eg-hosts-a-christmas-party-for-the-doornkop-needy-children%e2%80%99s-centre/">DNCC children</a> this year!!</p>
<p>To donate, any amounts big or small would be greatly appreciated, please call +44 (0) 1785 715772.</p>
<p><a href="../../../../../eg-south-africa/the-doornkop-needy-childrens-centre/doornkop-christmas-visit-to-the-zoo/" target="_blank">Photographs from last years event can be viewed here.</a> If you would like to find out more about the Doornkop Needy Children’s Centre, <a href="../../../../../eg-south-africa/the-doornkop-needy-childrens-centre/" target="_blank">click here </a>or email <a href="mailto:ask@eguk.co.uk">ask@eguk.co.uk</a>.</p>
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		<title>eg operational excellence® awards &#8211; shortlist revealed</title>
		<link>http://www.eguk.co.uk/news/eg-awards-shortlist-revealed/</link>
		<comments>http://www.eguk.co.uk/news/eg-awards-shortlist-revealed/#comments</comments>
		<pubDate>Wed, 19 Oct 2011 14:06:33 +0000</pubDate>
		<dc:creator>rachel</dc:creator>
				<category><![CDATA[Awards]]></category>
		<category><![CDATA[Clients]]></category>
		<category><![CDATA[General eg news]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.eguk.co.uk/?p=4822</guid>
		<description><![CDATA[eg solutions plc – the back office optimisation software company – has announced the shortlist for this year’s eg operational excellence® awards.
The Awards, now in their 9th year, recognise outstanding contributions made by individuals and teams across our international client base in optimising back office performance through using the eg operational intelligence® software suite and/or [...]]]></description>
			<content:encoded><![CDATA[<p><strong>eg</strong> solutions plc – the back office optimisation software company – has announced the shortlist for this year’s <strong>eg operational excellence<sup>®</sup></strong> awards.<span id="more-4822"></span></p>
<p>The Awards, now in their 9th year, recognise outstanding contributions made by individuals and teams across our international client base in optimising back office performance through using the <strong>eg operational intelligence<sup>®</sup></strong> software suite and/or the <strong>eg principles of operational management<sup>®</sup></strong>.</p>
<p>This year’s shortlists includes: The Co-operative Banking Group, Legal &amp; General, Capita Life &amp; Pensions,Vital, The West Brom, Silica, Citi and Nationwide Building Society.</p>
<p>Elizabeth Gooch, Chief Executive Office at <strong>eg</strong>, said: “The <strong>eg operational excellence<sup>®</sup></strong> awards reward the hard work and success of Team Leaders, Managers and their teams across our international client base.  The standard of the nominations are once again extremely high and all those shortlisted should feel extremely proud to be recognised for their excellent demonstration of operations management best practice.  Good luck to all of the finalists”.</p>
<p>This year’s award ceremony will take place on Friday 11 November at the Marriott Forest of Arden, West Midlands. Guests will enjoy a gala dinner followed by the Awards ceremony and entertainment.</p>
<p>The ‘roll of honour &#8211; 2011 winners list’ will be available from Monday 13 November. For further information please contact Rachel Oliver at <strong>eg</strong> on +44 (0) 1785 715772.</p>
<p>The 2011 shortlist</p>
<p><strong>Best Newcomer</strong><br />
Kat Nolan, Legal &amp; General Retail Savings<br />
Vanessa Probert, Silica<br />
Margaret Williams, The West Brom<br />
Garry Matcham, The Co-operative Banking Group<br />
Nomsa Mthimunye, Metropolitan Health<br />
Michelle Weir, Nationwide Building Society</p>
<p><strong>Best Practice Team Leader (UK &amp; International)</strong><br />
Natalie  Bailey, Legal &amp; General Protection<br />
Seviours Nkomo, Silica<br />
Faith Mair, Legal &amp; General Retail Savings<br />
George Hutchinson, Legal &amp; General Retail Savings<br />
Richard Sharpe, Nationwide Building Society<br />
Mariell Lyngbø, Vital Livsforsikring<br />
Nichola Wise, Legal &amp; General Workplace Savings<br />
Kelly Fletcher, The West Brom<br />
Vicky Burgess, Capita Life &amp; Pensions<br />
Joanne McKinney, The Co-operative Group<br />
Maria Mthembu, Metropolitan Health</p>
<p><strong>Most Improved</strong><br />
Laura Deely, Legal &amp; General Retail Savings<br />
Lee Tallis, Citi UK Consumer Operations<br />
Jackie Pearson, Capita Life &amp; Pensions<br />
Roger Jones, The Co-operative Banking Group<br />
Nosipho  Paca, Metropolitan Health<br />
Carol Mowatt, Nationwide Building Society<br />
Elaine Parkinson, The Co-operative Group</p>
<p><strong>Business Support Technical/Operations</strong><br />
Business Performance Reporting – Business Performance Team, Legal &amp; General Retail Savings<br />
Frans van der Linde, Silica<br />
Mark Jones, The West Brom<br />
Learning and Development – Business Performance Team, Legal &amp; General Retail Savings<br />
Laura Callbutt, The Co-operative Group<br />
Paul Bunce, Nationwide Building Society<br />
Kirsty Manuel, Legal &amp; General Savings Complaints<br />
Guy Harrison, Citi UK Consumer Operations<br />
Joel Voges, Metropolitan Health</p>
<p><strong>Best Practice Manager</strong><br />
Adrian Downey, Legal &amp; General Retail Savings<br />
Louise Granger, Legal &amp; General Retail Savings<br />
Tracey Basson, Silica<br />
Mark Savage, Capita Life &amp; Pensions<br />
Sandra Mynhardt, Metropolitan Health<br />
Philippa Gayle, The Co-operative Group</p>
<p><strong>Company &amp; Team Awards</strong><br />
Legal &amp; General Retail Savings<br />
Silica<br />
The West Brom<br />
Geoban UK<br />
Capita Life &amp; Pensions<br />
Metropolitan Health<br />
Nationwide Building Society<br />
DNB Livsforsikring</p>
<p><strong><br />
</strong></p>
<p>Read more about last year’s <a href="../../../../../services/the-eg-operational-excellence-awards/the-2010-winners/" target="_blank"><strong>eg operational excellence<sup>®</sup> awards</strong> winners</a>.</p>
<p align="center"><strong>intelligent operations management</strong></p>
]]></content:encoded>
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		</item>
		<item>
		<title>Half year results for the six months ended 31 July 2011</title>
		<link>http://www.eguk.co.uk/news/half-year-results-for-the-six-months-ended-31-july-2011-2/</link>
		<comments>http://www.eguk.co.uk/news/half-year-results-for-the-six-months-ended-31-july-2011-2/#comments</comments>
		<pubDate>Wed, 21 Sep 2011 08:15:07 +0000</pubDate>
		<dc:creator>rachel</dc:creator>
				<category><![CDATA[General eg news]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.eguk.co.uk/?p=4742</guid>
		<description><![CDATA[eg solutions plc (&#8216;eg&#8216; or ‘the Company’; LSE-AIM: EGS), the back office optimisation software company, announces its unaudited half year results for the six months ended 31 July 2011.
 
Financial highlights 
 



Figures in £000s
Unaudited 6 months ended 31 July





2011
2010
Growth %


Revenue
2,659
2,411
+ 10.3


Gross margin (%)
64.7
63.7




Profit before tax before exceptional item*
279
145
+ 92.4


Earnings per share (pence)-    basic
-    diluted
 [...]]]></description>
			<content:encoded><![CDATA[<p><span><strong>eg</strong> solutions plc (&#8216;<strong>eg</strong>&#8216; or ‘the Company’; LSE-AIM: EGS), <span>the back office optimisation software company, </span>announces its unaudited half year results for the six months ended 31 July 2011.<span id="more-4742"></span></span></p>
<p><span> </span></p>
<p><strong><span>Financial highlights</span></strong><strong><span> </span></strong></p>
<p><span> </span></p>
<table style="width: 624px; height: 207px;" border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td style="width: 267px;" valign="bottom"><span>Figures in £000s</span></td>
<td style="width: 203px;" colspan="2" valign="top"><span>Unaudited 6 months ended 31 July</span></td>
<td style="width: 106px;" valign="top"></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span><br />
</span></td>
<td style="width: 108px;" valign="bottom"><span>2011</span></td>
<td style="width: 80px;" valign="bottom"><span>2010</span></td>
<td style="width: 106px;" valign="bottom"><span>Growth %</span></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span>Revenue</span></td>
<td style="width: 108px;" valign="bottom"><span>2,659</span></td>
<td style="width: 80px;" valign="bottom"><span>2,411</span></td>
<td style="width: 106px;" valign="bottom"><span>+ 10.3</span></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span>Gross margin (%)</span></td>
<td style="width: 108px;" valign="bottom"><span>64.7</span></td>
<td style="width: 80px;" valign="bottom"><span>63.7</span></td>
<td style="width: 106px;" valign="bottom"><span><br />
</span></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span>Profit before tax before exceptional item*</span></td>
<td style="width: 108px;" valign="bottom"><span>279</span></td>
<td style="width: 80px;" valign="bottom"><span>145</span></td>
<td style="width: 106px;" valign="bottom"><span>+ 92.4</span></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span>Earnings per share (pence)</span><span>-    basic</span></p>
<p><span>-    diluted</span></td>
<td style="width: 108px;" valign="bottom"><span> </span><span>1.6</span></p>
<p><span>1.5</span></td>
<td style="width: 80px;" valign="bottom"><span> </span><span>0.5</span></p>
<p><span>0.5</span></td>
<td style="width: 106px;" valign="bottom"><span> </span><span>+ 220.0</span></p>
<p><span>+ 200.0</span></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span>Cash </span></td>
<td style="width: 108px;" valign="bottom"><span>916</span></td>
<td style="width: 80px;" valign="bottom"><span>773</span></td>
<td style="width: 106px;" valign="bottom"><span>+ 18.5</span></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span>Operational cash flow</span></td>
<td style="width: 108px;" valign="bottom"><span>1,153</span></td>
<td style="width: 80px;" valign="bottom"><span>707</span></td>
<td style="width: 106px;" valign="bottom"><span>+ 63.1</span></td>
</tr>
</tbody>
</table>
<p><span> </span></p>
<p><span>* Exceptional item for 2011: nil (H1 2010/11: £67,000 professional services relating to XTAQ acquisition)</span></p>
<p><span> </span></p>
<p><strong><span>Key points:</span></strong></p>
<p><span> </span></p>
<p><span>· </span><span>Strong financial performance driven by international revenue growth and delivery of projects won at end of last financial year</span></p>
<p><span>· </span><span>92% growth in pre-tax profit reflects margin improvement from licence sales and cost control</span></p>
<p><span>· </span><span>19% rise in cash at  31/7/11, compared to  31/7/10, after total expenditure of £0.73m on  investment in product  development and the purchase of shares by the EBT</span></p>
<p><span>· </span><span>63% increase in operational cashflow</span></p>
<p><span>· </span><span>Substantial progress in major enhancement of core software products which, when completed, will expand <span style="FONT-WEIGHT: bold">eg</span>’s customer base and strengthen its leading market position</span></p>
<p><span>· </span><span>Emergence of back office workforce optimisation market continues </span></p>
<p><span> </span></p>
<p><span> </span><span> </span></p>
<p><strong><span>On outlook, Rodney Baker-Bates, Non-executive Chairman, stated:</span></strong></p>
<p><span> </span></p>
<p><span>“The demand for back office optimisation solutions  continues,  with existing and new customers, both in the UK and  internationally,  responding positively to our existing products as well  as those we are  developing.</span></p>
<p><span> </span></p>
<p><span>Given the proportion of anticipated  revenues contracted, and  with the sales pipeline growing, we remain  confident of our prospects  for the remainder of the financial year.”</span></p>
<p><span><a href="http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10983155">Read the full results and statement.</a><br />
</span></p>
<p><span> </span></p>
<p><span> </span></p>
<p><strong><span>Contacts:</span></strong></p>
<p><span> </span></p>
<table border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td style="width: 333px;" valign="top"><span><strong>eg</strong> solutions plc </span></td>
<td style="width: 257px;" valign="top"><span>01785-715772</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span>Elizabeth Gooch, Chief Executive Officer</span></td>
<td style="width: 257px;" valign="top"><span>www.eguk.co.uk</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span><br />
</span></td>
<td style="width: 257px;" valign="top"><span><br />
</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span>Bankside</span></td>
<td style="width: 257px;" valign="top"><span>020-7367-8888</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span>Simon Bloomfield or James Irvine-Fortescue</span></td>
<td style="width: 257px;" valign="top"><span><br />
</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span><br />
</span></td>
<td style="width: 257px;" valign="top"><span><br />
</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span>Arbuthnot Securities Limited</span></td>
<td style="width: 257px;" valign="top"><span>020-7012-2000</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span>Tom Griffiths</span></td>
<td style="width: 257px;" valign="top"><span><br />
</span></td>
</tr>
</tbody>
</table>
<p><span> </span></p>
<p><span>About <strong>eg</strong> solutions plc</span></p>
<p><span> </span></p>
<p><strong><span style="FONT-WEIGHT: bold"><span> </span></span></strong><span><strong>eg </strong>solutions  plc is a global back office optimisation software company. Our software   provides historic, real-time and predictive Operational MI. When   implemented with our training programme for managers and team leaders to   use this intelligence, we guarantee improvements in operational  results  in short timescales.</span></p>
<p><span> </span></p>
<p><span>The Company, which is listed on the Alternative  Investment  Market (’AIM’) of the London Stock Exchange, is committed to  customer  satisfaction and the ongoing development of its operations  management  solutions.</span></p>
]]></content:encoded>
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		</item>
		<item>
		<title>Half year results for the six months ended 31 July 2011</title>
		<link>http://www.eguk.co.uk/investor-news/half-year-results-for-the-six-months-ended-31-july-2011/</link>
		<comments>http://www.eguk.co.uk/investor-news/half-year-results-for-the-six-months-ended-31-july-2011/#comments</comments>
		<pubDate>Wed, 21 Sep 2011 08:08:08 +0000</pubDate>
		<dc:creator>rachel</dc:creator>
				<category><![CDATA[Investor News]]></category>
		<category><![CDATA[Regulatory News]]></category>

		<guid isPermaLink="false">http://www.eguk.co.uk/?p=4726</guid>
		<description><![CDATA[ eg solutions plc (&#8216;eg&#8216; or &#8216;the Company&#8217;; LSE-AIM: EGS), the back office optimisation software company, announces its unaudited half year results for the six months ended 31 July 2011.
 
Financial highlights 
 



Figures in £000s
Unaudited 6 months ended 31st July





2011
2010
Growth %


Revenue
2,659
2,411
+ 10.3


Gross margin (%)
64.7
63.7




Profit before tax before exceptional item*
279
145
+ 92.4


Earnings per share (pence)
-    basic
-    [...]]]></description>
			<content:encoded><![CDATA[<p><span style="FONT-WEIGHT: bold"><span> </span></span><span><strong>eg</strong> solutions plc (&#8216;<span style="FONT-WEIGHT: bold">eg</span>&#8216; or &#8216;the Company&#8217;; LSE-AIM: EGS), <span>the back office optimisation software company, </span>announces its unaudited half year results for the six months ended 31 July 2011.</span></p>
<p><span> </span></p>
<p><strong><span>Financial highlights </span></strong></p>
<p><span> </span></p>
<table style="width: 624px; height: 207px;" border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td style="width: 267px;" valign="bottom"><span>Figures in £000s</span></td>
<td style="width: 203px;" colspan="2" valign="top"><span>Unaudited 6 months ended 31<sup>st</sup> July</span></td>
<td style="width: 106px;" valign="top"></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span><br />
</span></td>
<td style="width: 108px;" valign="bottom"><span>2011</span></td>
<td style="width: 80px;" valign="bottom"><span>2010</span></td>
<td style="width: 106px;" valign="bottom"><span>Growth %</span></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span>Revenue</span></td>
<td style="width: 108px;" valign="bottom"><span>2,659</span></td>
<td style="width: 80px;" valign="bottom"><span>2,411</span></td>
<td style="width: 106px;" valign="bottom"><span>+ 10.3</span></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span>Gross margin (%)</span></td>
<td style="width: 108px;" valign="bottom"><span>64.7</span></td>
<td style="width: 80px;" valign="bottom"><span>63.7</span></td>
<td style="width: 106px;" valign="bottom"><span><br />
</span></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span>Profit before tax before exceptional item*</span></td>
<td style="width: 108px;" valign="bottom"><span>279</span></td>
<td style="width: 80px;" valign="bottom"><span>145</span></td>
<td style="width: 106px;" valign="bottom"><span>+ 92.4</span></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span>Earnings per share (pence)</span></p>
<p><span>-    basic</span></p>
<p><span>-    diluted</span></td>
<td style="width: 108px;" valign="bottom"><span> </span></p>
<p><span>1.6</span></p>
<p><span>1.5</span></td>
<td style="width: 80px;" valign="bottom"><span> </span></p>
<p><span>0.5</span></p>
<p><span>0.5</span></td>
<td style="width: 106px;" valign="bottom"><span> </span></p>
<p><span>+ 220.0</span></p>
<p><span>+ 200.0</span></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span>Cash </span></td>
<td style="width: 108px;" valign="bottom"><span>916</span></td>
<td style="width: 80px;" valign="bottom"><span>773</span></td>
<td style="width: 106px;" valign="bottom"><span>+ 18.5</span></td>
</tr>
<tr>
<td style="width: 267px;" valign="bottom"><span>Operational cash flow</span></td>
<td style="width: 108px;" valign="bottom"><span>1,153</span></td>
<td style="width: 80px;" valign="bottom"><span>707</span></td>
<td style="width: 106px;" valign="bottom"><span>+ 63.1</span></td>
</tr>
</tbody>
</table>
<p><span> </span></p>
<p><span>* Exceptional item for 2011: nil (H1 2010/11: £67,000 professional services relating to XTAQ acquisition)</span></p>
<p><span> </span></p>
<p><strong><span>Key points:</span></strong></p>
<p><span> </span></p>
<p><span>· </span><span>Strong financial performance driven by international revenue growth and delivery of projects won at end of last financial year</span></p>
<p><span>· </span><span>92% growth in pre-tax profit reflects margin improvement from licence sales and cost control</span></p>
<p><span>· </span><span>19% rise in cash at  31/7/11, compared to 31/7/10, after total expenditure of £0.73m on  investment in product development and the purchase of shares by the EBT</span></p>
<p><span>· </span><span>63% increase in operational cashflow</span></p>
<p><span>· </span><span>Substantial progress in major enhancement of core software products which, when completed, will expand <span style="FONT-WEIGHT: bold">eg</span>&#8217;s customer base and strengthen its leading market position</span></p>
<p><span>· </span><span>Emergence of back office workforce optimisation market continues </span></p>
<p><span> </span></p>
<p><span> </span><span> </span></p>
<p><strong><span>On outlook, Rodney Baker-Bates, Non-executive Chairman, stated:</span></strong></p>
<p><span> </span></p>
<p><span>&#8220;The demand for back office optimisation solutions  continues, with existing and new customers, both in the UK and  internationally, responding positively to our existing products as well  as those we are developing.</span></p>
<p><span> </span></p>
<p><span>Given the proportion of anticipated  revenues contracted, and with the sales pipeline growing, we remain  confident of our prospects for the remainder of the financial year.&#8221;</span></p>
<p><span><a href="http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10983155">Read the full results and statement.</a><br />
</span></p>
<p><span> </span></p>
<p><span> </span></p>
<p><strong><span>Contacts:</span></strong></p>
<p><span> </span></p>
<table border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td style="width: 333px;" valign="top"><span><strong>eg</strong> solutions plc </span></td>
<td style="width: 257px;" valign="top"><span>01785-715772</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span>Elizabeth Gooch, Chief Executive Officer</span></td>
<td style="width: 257px;" valign="top"><span>www.eguk.co.uk</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span><br />
</span></td>
<td style="width: 257px;" valign="top"><span><br />
</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span>Bankside</span></td>
<td style="width: 257px;" valign="top"><span>020-7367-8888</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span>Simon Bloomfield or James Irvine-Fortescue</span></td>
<td style="width: 257px;" valign="top"><span><br />
</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span><br />
</span></td>
<td style="width: 257px;" valign="top"><span><br />
</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span>Arbuthnot Securities Limited</span></td>
<td style="width: 257px;" valign="top"><span>020-7012-2000</span></td>
</tr>
<tr>
<td style="width: 333px;" valign="top"><span>Tom Griffiths</span></td>
<td style="width: 257px;" valign="top"><span><br />
</span></td>
</tr>
</tbody>
</table>
<p><span> </span></p>
<p><span>About <strong>eg</strong> solutions plc</span></p>
<p><span> </span></p>
<p><strong><span style="FONT-WEIGHT: bold"><span> </span></span></strong><span><strong>eg </strong>solutions plc is a global back office optimisation software company. Our software  provides historic, real-time and predictive Operational MI. When  implemented with our training programme for managers and team leaders to  use this intelligence, we guarantee improvements in operational results  in short timescales.</span></p>
<p><span> </span></p>
<p><span>The Company, which is listed on the Alternative  Investment Market (&#8216;AIM&#8217;) of the London Stock Exchange, is committed to  customer satisfaction and the ongoing development of its operations  management solutions.</span></p>
]]></content:encoded>
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		</item>
	</channel>
</rss>

