Aconex  will provide its online collaboration solution to companies working on the £100m (AU$219) restoration of The Savoy, a famous hotel in London.

The system will be used to manage the large volume of information generated on the project and streamline communication between team members.

Aconex is a web-based platform for managing project information such as drawings, documents and correspondence.

Through using the system, project participants are able to view, track and share their files electronically in real-time, reducing the need for paper documents.

The Savoy is undergoing a 16 month restoration project. The development will include the addition of a new royal suite and a new champagne bar.

The River restaurant will be transformed from a breakfast and sunday brunch venue to innovative fine dining.

In the Thames Foyer, the hotel's afternoon tea venue, a glass roof and a specially built conservatory, rendered in silver, will be added.

Kiaran MacDonald, general manager of The Savoy, said: "This is a high profile project that needs to be completed within a tight schedule, so we can't afford to lose time due to lost documents or miscommunication.”

“Aconex will help us to control all our documents and project mail. Being able to view and mark up drawings online will reduce the time and cost associated with using paper documents," says Kiaran MacDonald

Yuval Attias, Aconex regional manager Europe, said: "We expect that thousands of documents and correspondence items will be generated over this project's lifecycle. This information will need to be effectively managed to ensure that The Savoy's doors open on time.”

Yuval Attias also said “Using Aconex will save time through speeding up information exchange, cut costs such as printing and couriers, and reduce exposure to risks such as reworks, disputes and delays."