Y2000: Hamilton Island resorts to new financial system

Hamilton Island resort is implementing a new financial management system to help bring the island's tourism and hospitality business into year 2000 compliance.

"The resort is self-sufficient so it is similar to running a small town," said Hamilton Island's general manager of finance and administration, Gavin Herholdt.

"Like any business organisation, an important consideration for us was that Finance One - the selected system - is 2000-compliant," Herholdt said.

Australian-made Finance One was selected out of 10 other contenders for its flexible chart of accounts structure, stability and functionality, Herholdt said. With a large number of different businesses operating as cost and profit centres, the resort generates a high volume of statistical information, he said.

The resort requested a rapid implementation of the first stage, which included general ledger and accounts payable and Finance One was installed in six weeks. The second stage will include the rollout of fixed assets and purchasing modules and possibly a customised inventory module, according to Finance One officials.

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