Following a tender process, 8common subsidiary Business Information Services will provide the NSW Department of Industry with the Expense8 SaaS travel and expense management system for three years with the possibility of a further two years' extension.
The deal is worth at least $147,000 a year, with additional transaction-related revenues.
8common chief executive Nick Gonios said "We are delighted that the NSW Department of Industry has selected Expense8 as its expense management system. The tender win further expands our presence across government, and is testament to 8common's continuous commitment to the sector."
Expense8 is designed to streamline the accounting, reporting, tax compliance and governance of employee generated expenses and corporate travel bookings.
The company says Expense8 can take into account an organisation's travel rules; calculate travel allowances according to destination, employee type and other parameters; and halve the time needed to reconcile expenses.