Unit4 Software Underpins IT Transformation, Drives Change for Cyprus

January 23, 2019

NICOSIA (BUSINESS WIRE) – Unit4, a world leader in enterprise systems for services organizations, has been chosen by the Republic of Cyprus to help standardize and modernize its IT systems for finance, budgeting, HR, payroll provision and pensions administration. Unit4 and its partners, Grant Thornton Cyprus and GCC Computers Ltd, will deliver Unit4’s Business World platform as part of an IT transformation that is vital to the Government as a key enabler of change and financial reform and integral to its long-term transformation strategy.

Unit4 Business World will be used by the central government of the Republic of Cyprus, driving transparency, improved financial management and control, and ensuring compliance with increasingly stringent local, EU and international public sector regulations, accounting policies and standards. It will be used by approximately 150 public authorities to serve over 8,000 core users in both the English and Greek language, together with some 70,000 self-service users.

‘’Unit4, Grant Thornton Cyprus and GCC Computers Ltd delivered a thorough response to our detailed requirements,’’ said Mrs Rea Georgiou, Accountant General of the Republic of Cyprus. ‘’Using Unit4’s modern ERP technology, coupled with business process re-engineering, we can automate and simplify our business and financial management processes, saving both time and money. We’ll find new efficiencies, so we can do more with less, and automate more administration, freeing time for managers and employees to focus more on valuable work. In addition, our public officials will benefit from improved visibility and access to data supporting faster and better decisions that will improve services to the Republic of Cyprus.’’

As well as rich functionality and user experience, Unit4 Business World offers the Republic of Cyprus a future proof solution that is easy to change, without the need for costly and disruptive re-programming. This ease of use, flexibility and agility is important as the Government plans for future growth, diversification and increasing regulatory pressures.

‘’The ability for the Republic of Cyprus to ‘own’ change through our fully configurable ERP platform will significantly reduce the total cost of ownership and empower them to manage change more effectively across all operational areas,’’ said Derren Nisbet, Regional President at Unit4. “In addition, the shift towards self-service and Unit4’s unique self-driving ERP functionality will simplify their financial management and business processes and improve the user experience, maximizing adoption of the new system among their diverse user groups.’’

About Unit4

Unit4 is in business for people. We’ve specialized in software for service organisations since the early 1980s. Today, we build the smartest enterprise applications on the planet. Our technology is central to the organisations we serve – it improves efficiency and productivity and allows people to spend more time on meaningful work. Using the latest AI, machine learning and digital technologies, our customers can make more sense of business-critical data than ever before. We work with more than 1500 government customers worldwide as a leading provider of back office solutions to government organisations across Europe with clients that include the Government of Malta, City of Surrey, Metro Vancouver, Norwegian Public Roads Administration, Local Government Management Agency (LGMA), Ireland, City of Stockholm, and the State of Berlin. Our customers report rapid and extensive return on investment (RoI).

For more information about the work we do, please visit the website at http://www.unit4.com, follow us on Twitter @Unit4global, or visit our LinkedIn page

About Grant Thornton International Ltd*

Grant Thornton is one of the world’s leading organisations of independent assurance, tax and advisory firms. These firms help dynamic organisations unlock their potential for growth by providing meaningful, actionable advice through a broad range of services. Proactive teams, led by approachable partners in these firms, use insights, experience and instinct to solve complex issues for privately owned, publicly listed and public sector clients. Over 52,000 Grant Thornton people, across more than 130 countries, are focused on making a difference to clients, colleagues and the communities in which we live and work.

Grant Thornton International is a non-practicing, international umbrella entity organised as a private company limited by guarantee incorporated in England and Wales. References to “Grant Thornton” are to the brand under which the Grant Thornton member firms operate and refer to one or more member firms, as the context requires. Grant Thornton International and the member firms are not a worldwide partnership. Services are delivered independently by member firms, which are not responsible for the services or activities of one another. Grant Thornton International does not provide services to clients.

*All references to Grant Thornton International in the press release and this “Notes to editor” section are to Grant Thornton International Ltd. Grant Thornton International Ltd is a non-practicing, international umbrella entity organized as a private company limited by guarantee incorporated in England and Wales.

About GCC Computers Ltd.

GCC Computers has a distinguished market presence in Cyprus as an ICT System Integrator and has built a strong reputation as the employer of the best technology professionals.

For more than 30 years, GCC has been acknowledged with considerable success serving Public/Government, Telecommunications & Utilities, Banking/Finance and SME (Small-Medium-Enterprise) sectors with innovative solutions. GCC’s expertise and extensive partnerships help clients harness the technology power to thrive on change and guide their digital transformation journeys.


NICOSIA - The World Bank’s International Center for Settlement of Investment Disputes (ICSID) ruled against Greek investors who lost $600 million in bonds and deposits in Cypriot banks in 2013, the funds seized on government orders to prevent their collapse.

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