TechnologyOne inks AU$5.8 million deal with Department of Treasury

TechnologyOne's OneGovernment solution will be made available for other government departments under the Department of Treasury's shared services arrangements.

TechnologyOne has signed a AU$5.8 million deal with the Department of Treasury to provide the federal department with its preconfigured software-as-a-service (SaaS) solution, OneGovernment.

Under the deal, TechnologyOne will take responsibility for running the software. It will replace the Treasury's current SAP software, and will be made available for other government departments under the Treasury's shared services arrangements.

According to TechnologyOne, it believes upwards of 15 government departments will take advantage of the shared service over the next three years.

The Australian Bureau of Statistics will be the first department to implement the solution alongside Treasury, the company said. Both departments are expected to be live by mid-2016.

Peter Alexander, the Treasury's business services division head, said TechnologyOne's solution will provide the department with an out of the box solution that it can scale as it grows, and remove the concern around needing to update the software or infrastructure.

"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," he said.

"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."

Earlier this year, the company was named the preferred supplier for Wellington City Council's core IT system.

During half year results in May, TechnologyOne saw net profit after tax slip 10 percent to AU$11.4 million, attributing the drop to the ongoing investments the company made during the period. However, at the same time, the company also saw cloud revenue more than double.