COSOL Partners With Holocentric to Leverage Enterprise Resource Planning Expertise in Resources Sector

Sydney, Australia (PressExposure) June 25, 2009 -- Leading Australian enterprise modelling software provider, Holocentric http://www.holocentric.com, today announced it has signed COSOL as its first partner for the Holocentric Modelpedia hosted Web 2.0 enterprise modelling environment. COSOL will both resell Holocentric enterprise modelling solutions and develop custom-built ERP Best Practice Accelerators using Modelpedia.

Holocentric's modelling solutions will ensure COSOL's clients implement effective processes to obtain value from their enterprise resource planning (ERP) systems. COSOL's ERP Accelerators, based on Holocentric Modelpedia, will support rapid deployment of best practices to existing and new clients.

The ERP Accelerators will contain intellectual property leveraging COSOL's expertise in SAP and Mincom Ellipse ERP deployments in the resources sector. With Modelpedia, they will speed delivery and lower the cost of implementing business process improvements compared with traditional service models.

"Modelpedia solves a perennial dilemma faced by professional services firms," said Bruce Nixon, CEO of Holocentric. "How do you leverage specific expertise to deliver faster, more cost-effective solutions to clients while being properly rewarded for the intellectual property you have developed?"

COSOL is a leading Australian provider of technology based services and solutions for the global resources and asset intensive industries. Its clients include Xstrata, BHP Billiton, Rio Tinto, Queensland Rail, Fortescue Metals, Goro Nickel, Lihir Gold, Newcrest Mining, Woodside Energy and Tarong Energy.

"Holocentric's solutions provide clients with 'information accountability' -- aligning what they expect their processes to be with what actually occurs," said Mark Cooper, Director of COSOL. "Enterprise modelling achieves this by providing visibility into who owns what processes, what their responsibilities are and what systems support them.

"COSOL ERP Accelerators based on Holocentric Modelpedia will embed our intellectual property around SAP, Ellipse and other systems into best practice models which ensure the correct interactions between people, processes and systems," said Cooper.

The ERP Accelerators will open up new markets for COSOL, bringing the company new clients in existing markets and opening up new sectors and markets in the future.

"Modelpedia creates a very powerful differentiator for us," said Cooper. "Clients already recognise us as a strong resource in consulting services. Creating ERP Accelerators adds strength of credibility around our intellectual property. With Modelpedia we can encapsulate a whole generation of thought within a powerful, easy to use framework."

One of the first ERP Accelerators will provide best practice for Mincom Ellipse in a month-end scenario. "In our experience, there are specific steps that need to occur," said Cooper. "Some companies have people well assigned to those tasks, others do them sometimes but not always. That may show up later as accounts payable control issues, for example, depending on what the process failures are. The ERP Accelerator will support best practices to ensure the system works and can be continuously improved."

With Modelpedia, Holocentric has changed its pricing model so that the investment required is aligned to the value delivered to customers. This allows a very attractive value proposition to partners, providing the incentive and capability to add their intellectual property to the Modelpedia platform and removing the barriers to partnering.

"Modelpedia gives us the ability to license access to content in a hosted environment, rather than charge for modelling tools," said Nixon. "That means we only receive revenue when the client receives value. It makes Modelpedia very attractive to partners, particularly compared with our competitors, most of which still charge tens of thousands of dollars for standalone modelling tools."

Modelpedia is a hosted Web 2.0 enterprise modelling environment that encourages all stakeholders to participate in improving how an organisation works. It personalises views of model information such as business processes so people can see, comment on and improve the way work is done. Unlike other Wiki-style tools, Modelpedia's collaborative capabilities centre on structured content -- securely managed in an enterprise repository -- incorporating feedback and suggestions within the context of an enterprise model.

Holocentric has a successful six year track record helping customers implement change by building a better understanding of where they are, where they to want to go and how to get there. The company has provided sophisticated multi-dimensional enterprise modelling solutions to Australian organisations including the ATO, Centrelink, NSW Police, Qantas, United Group, NRMA, RailCorp, IP Australia, ComSuper, DIISR and Resi Mortgage Corporation.

About COSOL: Founded in 2000, COSOL is a recognised thought leader delivering client value through streamlined business processes and systems. The COSOL team is focused on delivering high quality solutions to resource and asset intensive organisations. With clients around the world, and offices in Western Australia, Queensland, Victoria and Santiago Chile, COSOL provides their customers with products and professionals experienced in delivering pragmatic industry advice and outcomes. For more information about the company, please visit [http://www.cosolgroup.com].

With offices in Sydney and Canberra, Holocentric has customers in government, financial services, retail, infrastructure and distribution. Holocentric's partners add consulting capability and skills to Holocentric products to assist organisations to better understand their complex businesses. Holocentric is a Microsoft Certified Partner, HP EMAP Partner and winner of development awards. For more information about the company, please visit http://www.holocentric.com.

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Contact: David Sanday Bowes Communications Sydney, Australia +61 (0)2 9387 2333 david.sanday@bowespr.com http://www.holocentric.com

About Bowes Communications

Holocentric, founded in 2003, is a privately-owned Australian software company which provides a platform for continual improvement. Holocentric helps organisations to better understand, manage and reduce the risk of organisational change. Holocentric Modeler enables organisations to create a comprehensive model of their people, systems and processes, and all the interdependencies between them. Modelpedia is a Wiki-style platform that serves as a reliable reference for organisational information and provides a means for all employees to provide feedback and improve performance.

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Press Release Submitted On: June 25, 2009 at 7:28 am
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