Australian software development and management consulting firm Econsult has been chosen to redevelop the non-Y2K compliant financial management system of Epson Australia.
The developer of SuperModeller, a Windows-based financial modelling software package which supersedes the UK-developed MasterModeller, (see ARN, Dec 9, page 34) Econsult is expected to convert Epson's legacy budgeting and monthly reporting system to its own Y2K-compliant system.
"Epson Australia has a very large and complex system, and for us to convert it to our own-developed product is great, both in terms of product recognition and because of the value of the deal," Michael Ronai, director of Econsult, said.
Christine Robbins, Epson Australia's chief accountant, revealed that it was the support Econsult had provided over a number of years, coupled with the "usefulness of their financial modelling tool" as Epson's reasons for choosing SuperModeller.
The implementation will start in the first quarter of 1999. Robbins declined to specify the value of the deal, but did say that Econsult had built "something very clever and very useful at a relatively low cost".
The deal is also strategic for Econsult as it seeks market approval for its recently-developed software.