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8common Limited to supply expense management system to NSW

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Enterprise software technology group 8common Limited (ASX:8CO) has won the tender to deliver its Expense8 expense management system solution to support the New South Wales Department of Education and Communities (DEC) Purchasing Card Solution.

The solution will be used by up to 10,000 card holders at the DEC head office and across all schools in the state.

With the DEC being one of the company’s largest clients for Expense 8, the three year contract is expected to have a significant impact on its future profits with revenues commencing in late FY2015.

The contract includes an extension for another two years.

Expense8 is an integrated software solution that streamlines the accounting, reporting, tax compliance (GST, FBT) and governance of employee generated expenses and corporate travel bookings.

Tailored for each client, Expense8 provides organisations with all the tools needed for employees to plan and book business trips; and reconcile travel and corporate expenses.

Expense8 government clients include the Australian Tax Office, Federal Treasury, NSW Police Force, Australian Electoral Commission, Northern Territory Government, Transport for NSW.

 

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Quick facts: 8common

Price: 0.067 AUD

ASX:8CO
Market: ASX
Market Cap: $12.26 m
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