TechnologyOne picks up $5.8 million Software as a Service deal with Department of Treasury

The federal Department of Treasury has inked a $5.8 million deal with leading Australian enterprise software provider TechnologyOne (ASX:TNE), signing on for its preconfigured Software as a Service (SaaS) solution.

“Over the past 18 months the Department of Finance has undertaken a review of ERP systems used across all federal government agencies with a view of consolidating and standardising business processes and gaining maximum purchasing powers,” said Peter Alexander, Division Head, Business Services, the Treasury.

“We went to market on the back of this review, seeking a flexible ERP solution that would enable us to provide shared service capabilities to other federal government agencies.

“TechnologyOne’s OneGovernment solution provides us with the capability we need out of the box, and is scalable for growth.

“Under the SaaS model, TechnologyOne takes responsibility for running the software in a high performing, reliable and secure manner. We no longer have to worry about the complexity of updating the software or infrastructure, and can instead focus on our core operations.”

TechnologyOne’s solution will replace Treasury’s current SAP software, and will be made available for other government departments to use under Treasury’s shared services arrangement. Upwards of 15 government departments are expected to take advantage of this shared service over the next three years.

The Australian Bureau of Statistics will be the first department to come on board, implementing the solution alongside Treasury. Both departments are expected to be live by mid-2016.

"We have a deep understanding and engagement with this sector and our integrated solution for government significantly reduces the time, cost and risks associated with large scale enterprise-wide software implementations,” said TechnologyOne’s Executive Chairman Adrian Di Marco said.

TechnologyOne has earnt a reputation as one of the major software providers in government, making headlines in 2013 for picking up 28 WA Government Agencies from previous provider Oracle, and for its position as a preferred supplier on the United Kingdom Government’s G-Cloud framework; and again this year after it was announced as a preferred supplier on the Australian Government’s Cloud Services Panel. The entire Tasmanian Government also operates off TechnologyOne’s software, with the Tasmanian Department of Health & Human Resources using the software for more than 18 years.

The software provider has indicated its intent to focus more aggressively on Federal Government recently, moving to a larger and more centrally located office in Canberra that is closer to key customers and positions it for future growth.

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About TechnologyOne

TechnologyOne (ASX:TNE) is Australia's largest enterprise software company and one of Australia's top 200 ASX-listed companies, with offices across six countries. We create solutions that transform business and make life simple for our customers. We do this by providing powerful, deeply integrated enterprise software that is incredibly easy to use. Over 1,000 leading corporations, government departments and statutory authorities are powered by our software.

We participate in only eight key markets: government, local government, financial services, education, health and community services, asset intensive, project intensive and corporate. For these markets we develop, market, sell, implement, support and run our preconfigured solutions, which reduce time, cost and risk for our customers.

For 28 years, we have been providing our customers enterprise software that evolves and adapts to new and emerging technologies, allowing them to focus on their business and not technology. Today, our software is available on the TechnologyOne Cloud and across smart mobile devices.

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