Press Release: February 11, 2010
4 February 2010
Strathclyde Partnership for Transport selects TechnologyOne business systems to streamline finance and procurement processes
TechnologyOne, the enterprise software company, has been selected by Strathclyde Partnership for Transport (SPT) to supply integrated financial and procurement systems. The financial system, which has recently gone live, includes general ledger, accounts payable, accounts receivable and cash receipting. It will also generate all management and statutory information for the organisation. The procurement system will be used by 120 staff and will support a larger procurement improvement programme. Asset management and timesheets applications are currently being rolled out across the organisation.
The new TechnologyOne system will give SPT more control over its procurement function. The improved reporting facilities within TechnologyOne will provide faster and more detailed reports across the organisation. Month end reports can now be run in a fraction of the time taken by the old system, and the reports produced have much more detail.
TechnologyOne was chosen after a rigorous evaluation process. Neil Wylie, Director of Finance at Strathclyde Partnership for Transport commented: TechnologyOne is an absolutely solid product, it is very good. However, there was some stiff competition from other products. What really swung it for us was their responsiveness to our requirements, and the impressive reporting capabilities.
Mr Wylie continued: The TechnologyOne system is easy to use, for both finance and non-finance people, and it has a modern look and feel, but by far and away the biggest win for us is the reporting features. Managers now receive information on their desktops much more quickly and they are able to drill down to the detail behind the reports.
Joseph Slattery, Country Director for the UK at TechnologyOne, said: TechnologyOne concentrates on providing solutions that are powerful enough to meet an organisations need for accurate, usable financial and business systems, and yet are well designed and easy to use. As public sector bodies like Strathclyde Partnership for Transport come under ever more pressure to reduce spending, it is critical to have a system that provides detailed information quickly to support both day to day accounting practices and strategic management.
NOTES TO EDITORS
About Strathclyde Partnership for Transport
SPT was established by the Transport (Scotland) Act 2005 and is Scotlands largest Regional Transport Partnership.
Its role involves planning and delivering transport solutions for all modes of transport across the region, in conjunction with its member councils and industry partners. SPT is at the centre of the region's transport planning; analysing all travel needs and developing the transport system for now and the future.
For more information please visit: www.spt.co.uk
TechnologyOne (ASX: TNE) is a leading enterprise software solutions provider. For more than 20 years we have been providing deeply integrated software solutions for business, government, financial services, health and community, education and the utilities sectors. Tens of thousands of people each day use our world class solutions which we develop, implement and support, and include, Financials, Human Resource & Payroll, Supply Chain, Business Intelligence, Budgeting, Performance Planning, Property & Rating, Customer Relationship Management, Student Management, Works & Assets and Enterprise Content Management.
Our organisation wide solution suite, integration solutions and custom designed solutions provide world-class services which are based on leading edge technology and are backed up by a substantial R&D program providing our customers with a long term, secure and valuable partnership. TechnologyOne employs more than 700 people and has offices in each State and Territory of Australia, as well as New Zealand, Malaysia and the United Kingdom.
For further information please visit http://www.technologyonecorp.co.uk
Joseph SlatteryAndreina West
Director, UK PR Artistry
TechnologyOneTel: 01491 639500
Tel: 0870 770 8874email: Andreina@pra-ltd.co.uk