Transport for NSW migrates to Expense8 SaaS-based expense management platform

• Long-term customer Transport for NSW adopts Expense8 SaaS solution
• Three year contract will yield a minimum 23% ARR increase for this customer

Sydney, Australia – 25 July 2016 – Software technology group 8common Limited (ASX: 8CO), today announced it has received final sign off from long-term customer Transport for NSW to migrate to the Expense8 expense management platform on a Software as a Service (SaaS) basis and has subsequently gone live.
 
Expense8 replaces the previous iCMS product that Transport for NSW, together with Sydney Trains, NSW Trains, and RMS, has been a customer of for 16 years. The three year contract will provide a positive impact to this financial year and beyond with a minimum Annual Recurring Revenue (ARR) increase of 23% for the customer contract.
 
Nick Gonios, CEO of 8common Limited, said “We are pleased to announce another longstanding iCMS customer has committed to an Expense8 migration in the cloud. It provides further evidence that our continued investment into product development is delivering value to both existing and new customers.”
 
Donna Rodrom, Transport for NSW’s Principal Manager Accounts Payable, said “Expense8’s cloud-based expense management solution provides a simple path to streamlining our procurement-card processes across Transports’ agency cluster enabling us to focus on gaining better visibility on procurement-card spend together with greater process and cost efficiencies.”
 
Expense8 is an integrated software solution that streamlines the accounting, reporting, tax compliance (GST, FBT) and governance of employee generated expenses and corporate travel bookings. Tailored for each client, Expense8 provides organisations with all the tools needed for employees to plan and book business trips; and reconcile travel and corporate expenses.
 
Expense8 government customers include Federal Treasury, Federal Department of Finance, NSW Department of Education, NSW Police and the Northern Territory Government.
 
About 8common Limited and Expense8
The 8common Group (www.8common.com) is listed on the Australian Securities Exchange (ASX:8CO). 8common Group develops enterprise Performance and Productivity software products that support government agencies, large corporations, multinational organisations and specialist professional verticals. 8common comprises of three core products: Expense8, Perform8 and Realtors8.
 
Expense8 is an integrated software solution that streamlines the accounting, reporting, tax compliance (GST, FBT) and governance of employee generated expenses and corporate travel bookings.
 
MEDIA CONTACTS:
Corrie McLeod/Amy Rathbone
Espresso Communications
02 8016 2200
8common@espressocomms.com.au