8common Limited (ASX: 8CO) has signed five agencies covered under the Service Delivery Office (SDO) of the Department of Finance shared services hub for its Expense8 service.
The five new Federal Government entities signed represent a total contract value of $545,000 and include:
Implementation across these agencies is anticipated to occur in 1H FY21.
Chief Executive Officer Andrew Bond said 8common’s growing exposure to the Federal Government was fast-tracked by the signing of shared services agreements with the Service Delivery Office of the Department of Finance and the Department of Industry, Innovation and Science.
The company now provides expense8 to a total of 27 Federal Government entities with over 17,000 users. Further to the signing under the SDO, the Australian Radiation Protection and Nuclear Safety Agency (ARPANSA) have signed a three-year contract (plus contract extensions) with a TCV of $152k ex GST.
8common continues to build on our client base with the Federal, New South Wales and Northern Territory Governments where expense8 is utilised by 141 agencies & entities with over 102,000 active users,” Mr Bond said.
“We are pleased to announce the addition of six new Federal Government entities, five of which are part of the Service Delivery Office of the Department of Finance, as we continue to partner with government and execute on the shared services programme.
“We continue to see a strong pipeline of growth during the start of FY21 and we look forward to updating the market on our results for FY20 shortly and providing further updates on our CardHero product in due course.”