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Monday, 13 July 2009 11:04

iSOFT $1.6 million Australian, UK contract wins

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Australian-listed health information technology company, iSOFT, continues its recent run of contract wins with today’s announcement of three new contracts secured in Australia and the UK valued at around $1.6 million.

The new agreements for provision of iSOFT’s Integra suite of Web-enabled financial and purchasing solutions, are with Australia’s St Vincent’s and Holy Spirit, Scope, a UK charity for people with disabilities, and UK housing association Spectrum Housing Group.
 
The new wins follow iSOFT’s 30 June announcement of contract wins in Germany and Malaysia worth more than $9 million over five years for deployment of the company’s Lorenzo e-health solution.

In today’s announcement on the latest contract wins, managing director of iSOFT Business Solutions, Eamonn Morris, said about $400,000 of the $1.6 million was for software licenses, $700,000 for implementation services, and $530,000 for support and maintenance over five years.

Morris said that, in its third contract for Integra in Australia, iSOFT would install a complete financial and e-purchasing solution for St Vincent’s and Holy Spirit, including modules for Web-requisitioning and business intelligence.
“iSOFT has identified a demand for modern, Web-based solutions that drive-out inefficiencies in finance and purchasing processes to reduce costs.”

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Morris said that, in the UK, Scope was buying an Integra e-procurement solution to raise orders online at its London head office and 370 shops across England and Wales.

“It will also use the OCR (optical character recognition) module to scan invoices, eliminate errors and speed the approval process. The charity expects savings of £500,000 over five years, as well as financial benefits arising from improved relationships with suppliers.”

And, Morris said the agreement with Spectrum, one of the UK’s largest housing associations with 16,000 properties in the south of England, included the full Integra financial suite plus the business intelligence and OCR modules for its seven offices, with the Web-based solutions allowing users to raise purchase orders and access financial data to control invoices, payments and costs.

“These deals demonstrate that our financial solutions business is gaining traction with a wider, global customer base against other competing financial solutions.”

“We identified public sector markets as being particularly suitable for our Integra suite of solutions, and it’s pleasing to see these efforts are already paying off.”

Morris said iSOFT Business Solutions was unique among iSOFT businesses in selling outside healthcare markets.

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