Seqwater Goes Local for Software Contract
Brisbane enterprise software company, TechnologyOne Limited (ASX: TNE), has won a contract worth more than $2 million to upgrade Seqwater's ICT systems.
It has signed up for TechnologyOne Financials, Supply Chain, Human Resource & Payroll, Enterprise Budgeting, Business Intelligence, Works & Assets, Enterprise Content Management and Performance Planning.
The new solutions will reach into every aspect of the management of Seqwater; from monitoring and maintaining pipes and dams to ensuring employees receive the right training to do their jobs and cutting costs by streamlining supply chains.
The Government Authority chose TechnologyOne following a rigorous tender process, citing the elimination of third party suppliers and the confidence of working with a local company that supports and services all IT systems, as deciding factors.
Seqwater Chief Executive Officer Peter Borrows said business processes and planning would now be integrated and standardised across the organisation.
This will enable Seqwater to improve reporting and take a more strategic approach to forward planning with regard to people, physical assets, administrative systems and budgeting, armed with more accurate data and analysis tools," Mr Borrows said.
The Seqwater deal is 'TechnologyOne's first within the Queensland water industry - however the Brisbane headquartered company now supplies software to the majority of Victoria's water industry and counts 35 water authorities and corporations nationally as customers.
The water sector has undergone massive structural and governance changes over the last decade, necessitating an industry-wide review and overhaul of ICT systems.
TechnologyOne Executive Chairman Adrian Di Marco said this rapid change has made the water industry an increasingly important market.
"Water corporations and authorities are highly regulated yet progressive, so intelligent investment in ICT is fundamental to their day to day management and future planning.
"We believe there are more developments to come for the water industry, which makes our flexible, integrated software solutions an ideal choice for the market," Mr Di Marco said.
"We reinvest approximately 20 per cent of our annual revenue back into research and development to keep up with the latest and best technology innovations, and the changing needs of our customers so whatever happens in the water industry, our solutions will keep pace."
Mr Di Marco also noted that a shift towards choosing local suppliers was beginning to take shape, with Australian organisations preferring to deal with locally owned and supported operations rather than overseas based multinationals.
"This is a trend that we're starting to see here in Australia. Both corporate and government organisations want to know that they are going to get great support and service; it's a decisive factor."
"Investment in technology can involve spending a significant amount of money and organisations want to know that they are going to get value and long term security from this investment," he said.