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Fujitsu partners with government to reduce business reporting burden

  • 25 August, 2009 13:09

<p>Sydney, Australia – 25 August 2009: Fujitsu, a leading provider of business, information technology and communications solutions has partnered with the Australian Treasury to support the Standard Business Reporting (SBR) initiative, the Government’s strategy to reduce the regulatory reporting burden on Australian businesses.</p>
<p>Fujitsu has been selected for the SBR initiative to supply and support Interstage XWand software, a custom technology development by Fujitsu Japan.</p>
<p>In a contract valued at approximately $4 million over an initial 2 year period, Fujitsu's Interstage XWand software is available to be used by both government agencies and software developers to produce XBRL enabled financial applications that will reduce the business reporting burden for Australian businesses.</p>
<p>Standard Business Reporting will simplify business-to-government reporting and save Australian businesses approximately $800 million annually when fully implemented.</p>
<p>According to Michael Blake, Group Executive Director, Federal Government, Fujitsu Australia, Fujitsu was selected to deliver their customised technology as Fujitsu represented the best value-for-money solution, and demonstrated a willingness to work flexibly with the SBR Program to assist achieve its goals. Fujitsu’s in-country development and support capability provided by Fujitsu Australia Software Technology (FAST) is a key driver of the success of the initiative.</p>
<p>FAST is the first Fujitsu software development organisation to be located outside of Japan. FAST staff includes systems &amp; enterprise application integrators, software designers and developers, solution architects and project managers. FAST software development expertise extends across Internet, Open Source and Mainframe environments, providing unique e-business services.</p>
<p>“Fujitsu is honoured to partner with the Australian Government on such an important initiative,” states Michael Blake, Fujitsu Australia. “We are excited to be exploring new business opportunities to leverage our footprint with the SBR project and to further assist operational efficiencies for all Australian businesses.”</p>
<p>About Fujitsu Australia and New Zealand
Fujitsu Australia and New Zealand is a leading service provider of business, information technology and communications solutions. As the third largest ICT Company in the Australian and New Zealand marketplace, we partner with our customers to consult, design, build, operate and support business solutions. From strategic consulting to application and infrastructure solutions and services, Fujitsu Australia and New Zealand have earned a reputation as the single supplier of choice for leading corporate and government organisations. Fujitsu Australia Limited and Fujitsu New Zealand Limited are wholly owned subsidiaries of Fujitsu Limited (TSE: 6702).</p>
<p>About Fujitsu
Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 175,000 employees supporting customers in 70 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.6 trillion yen (US$47 billion) for the fiscal year ended March 31, 2009. For more information, please see: www.fujitsu.com.</p>

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