The City of Melbourne (CoM) will ditch its Oracle business management and reporting systems in favour of local vendor TechnologyOne under a deal worth $3 million.
CoM signed the contract in December last year, it revealed today, with an initial contract value of just under $2 million and an expected $1 million in support and maintenance over the next five years. An Oracle Australia spokesperson declined to comment.
ASX-listed TechnologyOne will commence implementing the new systems in February, which will cover CoM's financial reporting, supply chain, projects, contracts, human resource and payroll, and grants management. The project is expected to be finalised in two years.
City of Melbourne CEO Kathy Alexander said in a statement issued by TechnologyOne that she hoped the new system would improve the accuracy of information the council had. "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," she said.
She also hoped the new system will improve the council's modelling and analysis capabilities.