Taysols selected as Strategic Finance Advisor at OneSteel Limited

Posted: 15 September 2006

Taysols was today selected by OneSteel Ltd as their preferred implementation partner for a Strategic Finance Initiative involving the supply of software and services to deliver streamlined compilation, formulation and reporting of planning and target information. OneSteel manufactures and distributes structural, rail, rod, merchant bar, cold finished bar, chrome plated bar, reinforcing, wire, tube, pipes, fittings, valves and actuation. The majority of OneSteel's products are used in the construction, manufacturing, housing, mining and agricultural industries.

Key to Taysols' success in this competitive bid was the professionalism of its people combined with their prowess in project management, systems implementation and knowledge of planning and target setting processes. These attributes, when combined with the Taysols pragmatic approach to system delivery will ensure OneSteel is able to meet the objectives of this strategic initiative. The OneSteel head of Strategy and Planning, Mark Stephens said "At the end of the day, an important project like this requires OneSteel to partner with an organisation that it can trust. Taysols have delivered in the past and the quality of its people and their understanding of our needs gave us great comfort."

The project entails the design, build and deployment of a strategic finance solution enabling visibility into and modelling of the full OneSteel value chain, from mining to merchandising. Taysols will also provide project management services to ensure that the journey is transparent to the project stakeholders and remains on track.

OneSteel is the largest manufacturer of steel long products and is the leading metals distribution company in Australia, with revenues of $4 billion Australian dollars. OneSteel has over 200 operational sites in Australia and New Zealand, more than 30,000 customers and employs approximately 7,400 people. "OneSteel are a great Australian company and we are proud of our partnership with them. This project, sponsored by the CFO of OneSteel, Mr Tony Reeves, is seen as highly strategic to their ongoing success and the quality of our team will ensure that it is delivered with professionalism." Mark Taylor, Director of Taysols, said.