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Maconomy Wins BDO Audit Deal in Hong Kong

Maconomy has signed a deal with the audit firm BDO Ltd. Hong Kong, member of BDO International, a worldwide network of public accounting firms.

September 30, 2009 12:32 PM Eastern Daylight Time

 

BOSTON–(BUSINESS WIRE)–The Danish ERP provider Maconomy already has a strong foothold in the US and Northern Europe thanks to its specially designed ERP solutions for project-focused companies. As Maconomy’s clients expand their base internationally, however, Maconomy continues to broaden its geographical base as the preferred ERP vendor for these clients.

Maconomy recently inked a similar deal with the BDO member firm in South Africa. After a careful selection process, BDO Ltd. Hong Kong decided to follow suit by signing a contract with Maconomy’s business partner MSA in September. The ERP solution includes the Maconomy Audit & Tax Solution for 550 users with advanced Business Intelligence capabilities.

BDO in South Africa selected Maconomy’s specially designed Audit & Tax solution to ensure cleaner workflows throughout the company. BDO Ltd. Hong Kong realized they could achieve similar benefits with an out-of-the-box solution.

“Maconomy has a keen understanding of the audit profession and this expertise is fully integrated in the ERP solution we have selected. This allows us to handle job management, CRM, advanced business intelligence and all back-office processes using the same system. Maconomy offered us an all-inclusive solution to support our long-term strategy. For us it makes perfect sense to invest in an ERP system specifically designed for our type of business,” says Mary Joyce Leung, Director of BDO Ltd. Hong Kong.

BDO Ltd. Hong Kong has also purchased Maconomy Analytix, an easy-to-use business intelligence tool that gives BDO an instant overview of their key figures. Analytix is fully integrated with the ERP solution, enabling users to go in-depth with any audit job to analyze its performance based on live data.

“We are very pleased with landing our second BDO deal in the span of a few months. BDO has already seen the value we bring to their business, so it’s only natural that we keep building closer ties with them. And with that comes even greater value because we can align our solutions with the way they run their business. We specifically develop our ERP solutions to help them address their challenges and run a more efficient business. The two BDO deals confirm that we have a strong business case in the accounting sector and it definitely benefits the Accounting and Audit and Tax clients in the US as well, as it clearly shows that Maconomy is a global company with a focus on this industry,” says Steen Andersen, President Maconomy US.

Please note that this release does not affect Maconomy’s financial expectations for 2009.