TechnologyOne unleashes cloud suite

TechnologyOne has delivered on its promise to make its products available in cloud format, today unveiling its first cloud products.

The company first announced its cloud strategy back in November 2010, saying that it planned to restructure its business model and re-engineer its software from the ground up so that it could provide it as a cloud service.

It had wanted to see the first few products come out late last year, with more releases this year and next year. The company has now delivered its first release.

Founder and executive chairman Adrian Di Marco announced at the company's Evolve conference that from today, customers can access TechnologyOne's enterprise suite as a cloud service for a flat annual fee. This suite includes financials, supply chains, human resources and payroll, asset management, customer-relationship management (CRM) and corporate-performance management (a suite including business intelligence, enterprise budgeting and performance planning).

"TechnologyOne Cloud will be available anywhere, on any device — all our customers need is internet access," he said. "The savings are too compelling to pass up, especially in the wake of the [global financial crisis], so there is no turning back."

However, the work isn't yet over for the company. TechnologyOne will invest $150 million over the next five years in to its cloud products. Part of that money will go towards delivering its software as apps, which could be downloaded from an online store, enabling customers to leave comments for others to see, ideally increasing TechnologyOne's accountability.

"This will transform the relationship with our customers and our products, marking the end of software releases, which will be replaced by continual updates driven by customer feedback," Di Marco said.