City of Melbourne moves to TechnologyOne
Technology One Limited (ASX: TNE), a leading Australian provider of enterprise business software solutions, has won a major new contract to provide the City of Melbourne with its Financials, Supply Chain, Projects, Contracts, Human Resource & Payroll, and Grants Management software solutions.
TechnologyOne won the contract, worth $3 million over five years from a field of ten vendors. The superior functionality and proven integration capabilities of TechnologyOne’s software will provide the City of Melbourne with information that can be shared across organisational boundaries.
Dr Kathy Alexander, Chief Executive of City of Melbourne, is enthusiastic about the solutions TechnologyOne will offer the council around increased efficiency, more detailed reporting and improved service delivery to stakeholders.
“The TechnologyOne solutions we have chosen offer sophisticated information management, reporting, control and innovation through modelling and analysis that will benefit the council in real terms,” she said.
“We’re expecting to see an improvement in the accuracy of information because we will rely less on manual data entry, which in turn will ensure that there is less duplication and more efficient use of our employees’ time,” said Dr Alexander.
TechnologyOne will begin the first phase of implementation in February, with the project expected to be finalised in two years.
Adrian Di Marco, Executive Chairman of TechnologyOne, said the new contract provided further evidence of the number of Australian organisations, both public and private, who were moving away from multinationals due to factors such as the requirement for expensive upgrades every few years to ensure the technology remains current and is supported.
“We’re seeing this time and time again. We’re continuing to win customers because unlike our competitors, we provide technology releases every six months. This means that our customers are always able to access the most up-to-date technology and gain the subsequent business benefits,” he said.
“The TechnologyOne approach ultimately minimises the total cost of ownership of the systems, including reduced cost of monitoring and maintenance because our customers’ technology never becomes redundant,” Mr Di Marco said.
TechnologyOne invests approximately 20 per cent of its annual revenue in research and development, which enables the company to respond quickly and efficiently to its customers’ changing business requirements. In the 2008 financial year this represented more than $20 million.
“Our Connected Intelligence solution is a generation ahead of our competitors. We remain the only enterprise software solution provider to have successfully delivered a new generation enterprise platform to the market and so far we have seamlessly migrated 80 per cent of our customers across,” said Mr Di Marco.