ASIC to replace financing ERP with TechOne

The Australian Securities and Investments Commission (ASIC) is to begin turning out Technology One as its brand-new financing system, with execution arrange for the next fiscal 12 months.

The step creates element of a wider enterprise supply preparation (ERP) overhaul, targeted on modernising its inside techniques.

Technology One was granted a $7.2 million settlement in 2014 to host and execute its software-as-a-service (Software as a Service) system, with the supply going by 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 acknowledged in a declaration.

The Australian software-as-a-service provider’s system will definitely relaxation along with ASIC’s varied different ERP purposes, Expense8 and Granular Time Reporting, which the regulatory authority acknowledged will definitely “continue to be maintained” individually.

ASIC is at present on the lookout for to make use of an ERP supervisor of financial techniques to handle the duty and moreover to ascertain and execute a financing system roadmap.

The enterprise regulatory authority was amongst quite a few authorities corporations to participate in a program to ascertain an typical SAP system referred to as GovERP, having really 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 listing under 12 months, with its sensible capacities thought-about unsuited for reuse.

ASIC decreased to reveal much more data relating to 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 acknowledged.

A requirement on BuyICT, however, disclosed that ASIC is at present within the process of performing an benefits realisation job for the human sources components.