Sydney, July 13, 2009 (ABN Newswire) - iSOFT Group Limited (ASX:ISF) Australia's largest listed health information technology company today announced three key contracts for its Integra suite of Web-enabled financial and purchasing solutions, including two in new sectors that offer growth potential for iSOFT's Business Solutions unit.
The agreements, totalling about A$1.6 million, are with Australia's St Vincent's and Holy Spirit; Scope, a U.K charity for people with disabilities; and U.K housing association Spectrum Housing Group. About A$400,000 of the total is for software licenses, A$700,000 is for implementation services, and A$530,000 is for support and maintenance over five years.
"These deals demonstrate that our financial solutions business is gaining traction with a wider, global customer base against other competing financial solutions," said Eamonn Morris, Managing Director of iSOFT Business 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."
In its third contract for Integra in Australia, iSOFT will 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.
In the U.K, Scope is 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 EUR500,000 over five years, as well as financial benefits arising from improved relationships with suppliers.
The agreement with Spectrum, one the U.K's largest housing associations with 16,000 properties in the south of England, includes the full Integra financial suite plus the business intelligence and OCR modules for its seven offices.
The Web-based solutions will allow users to raise purchase orders and access financial data to control invoices, payments and costs.
iSOFT Business Solutions is unique among iSOFT businesses in selling outside healthcare markets.
The agreements, totalling about A$1.6 million, are with Australia's St Vincent's and Holy Spirit; Scope, a U.K charity for people with disabilities; and U.K housing association Spectrum Housing Group. About A$400,000 of the total is for software licenses, A$700,000 is for implementation services, and A$530,000 is for support and maintenance over five years.
"These deals demonstrate that our financial solutions business is gaining traction with a wider, global customer base against other competing financial solutions," said Eamonn Morris, Managing Director of iSOFT Business 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."
In its third contract for Integra in Australia, iSOFT will 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.
In the U.K, Scope is 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 EUR500,000 over five years, as well as financial benefits arising from improved relationships with suppliers.
The agreement with Spectrum, one the U.K's largest housing associations with 16,000 properties in the south of England, includes the full Integra financial suite plus the business intelligence and OCR modules for its seven offices.
The Web-based solutions will allow users to raise purchase orders and access financial data to control invoices, payments and costs.
iSOFT Business Solutions is unique among iSOFT businesses in selling outside healthcare markets.
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About iSOFT Group Limited
iSOFT Group Limited (ASX:ISF) is the largest health information technology company listed on the Australian Securities Exchange, and among the world's biggest providers of advanced application solutions in modern healthcare economies.
iSOFT works with healthcare professionals to design and build software applications that answer all of the difficult questions posed by today's healthcare delivery challenges. Our solutions act as a catalyst for change, supporting free exchange of critical information across diverse care settings and participating organisations.
Today, more than 13,000 provider organisations in about 40 countries use iSOFT's solutions to manage patient information and drive improvements in their core processes. The group's sustainable development is delivered through careful planning, in-depth analysis of the market, and anticipation of our clients' evolving requirements. Our business is driven by the collective talent, experience and commitment of more than 4,700 specialists, including more than 2,700 technology and development professionals.
A global network of iSOFT subsidiaries, supported by an extensive partner network, provides substantial experience of national healthcare markets. As a result, we offer our clients comprehensive knowledge of local market requirements in terms of culture, language, working practices, regulation and organizational structure.
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