Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 

Forestry Company Branches Into IT

Forestry Company Branches Into IT

Rotorua-based forestry service providers, PF Olsen and Company Ltd (Olsens) have successfully branched out into software development.

What started as an in-house project five years ago to upgrade their financial and planning processes, ended up a uniquely tailored resource management software tool kn own as Forest Information and Planning System (FIPS).

This system has re cently been purchased by Timber Management Company Ltd (TMC), who now manage Kaingaroa Forest.

Olsens Chief Executive, Peter Clark, says that his co mpany launched into software development because there were no other product s that could do the job at the time.

"Managers of small to medium- sized businesses often balk at the cost of IT development, seeing it as a bo ttomless pit of expense, but our initiative was sufficiently new and bold at the time that we attracted government support from Technology New Zealand. The TMC purchase shows that Tech NZ confidence was justified," Clark s ays.

Olsens developed FIPS by engaging a small Rotorua software company, Integral, and although some would see this as a high-risk approach, it ended up giving the company a significant edge, costing only a fraction of a big- name system, yet providing all the functionality.

Clark says their main aim was to increase productivity. "FIPS offers a single-entry process for both process control and General Ledger accounts. The cost of entering d ata has been slashed and project management reports are available on-line, i n real time from anywhere in the world."

FIPS has enabled TMC to s et up their information management systems in record time, and allowed the c ompany to continue trading during the change-over period from Fletcher Chall enge Forests.

Clark says that winning the TMC contract was their biggest hurdle. "The purchasers of software and IT delivery service solutions are naturally cautious when dealing with smaller firms, such as ours, but i n this case, end-users were able to see the benefits of our ability to make very rapid software changes in response to evolving business needs."

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on seek.co.nz. Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>