The Australian Securities and Investments Commission (ASIC) is to start out turning out Technology One as its brand-new financing system, with execution arrange for the next fiscal yr.
The step creates part of a wider enterprise supply preparation (ERP) overhaul, centered on modernising its inside methods.
Technology One was granted a $7.2 million settlement in 2014 to host and execute its software-as-a-service (Cloud Software) system, with the provide going via to May 2027.
“Upgrading our ERP system will allow us to provide better support to our staff and is part of a whole-of-ASIC priority to strengthen our capabilities to become a leading, digitally enabled regulator,” an ASIC spokesperson said in a declaration.
The Australian software-as-a-service provider’s system will definitely relaxation along with ASIC’s numerous different ERP purposes, Expense8 and Granular Time Reporting, which the regulatory authority said will definitely “continue to be maintained” individually.
ASIC is at the moment on the lookout for to make use of an ERP supervisor of financial methods to handle the duty and moreover to determine and execute a financing system roadmap.
The enterprise regulatory authority was amongst quite a few authorities corporations to participate in a program to determine an typical SAP system referred to as GovERP, having truly handed on the very least $4.7 million to deliver components of the new platform [pdf]
GovERP, however, was downsized in 2023 and ditched completely the record under yr, with its sensible capacities thought of unsuited for reuse.
ASIC decreased to reveal much more info concerning the ERP program when requested by iTnews
In its annual report 2023-2024 [pdf], the regulatory authority referenced job on the personnels (HUMAN RESOURCES) stream of this system.
“Focal points this year were planning for a new payroll and other core HR functions, as well as the mapping and design of HR processes across the employee life cycle, to provide better support to our people,” the report said.
A requirement on BuyICT, however, disclosed that ASIC is at the moment within the process of performing an benefits realisation process for the human assets elements.
