• 2-year fixed term contract renewal with two 1-year extensions
• Estimated total contract value of $3.54m including GST
• Expense8 processes over 1 million transactions annually for 36,000 staff and 20,000 corporate cards

8common Limited (ASX: 8CO), a leading provider of travel expense management software and card application management, has announced that the contract between its wholly-owned subsidiary Expense8 and the NSW Department of Education (DoE) has been renewed. The new contract has a 2-year fixed term with the option for 2 annual extensions, representing an estimated total contract value of $3.54m including GST. This is the 2nd renewal since Expense8 went live with the DoE on 22 June 2015. The total contract value since commencement in June 2015 is $8.27m including GST. Expense8 processes more than a million transactions annually across 36,000 staff and 20,000 corporate cards within the Department, making the platform deeply embedded in the DoE's daily financial operations and mission-critical to staff productivity. 8common's software enables large Australian enterprises and government agencies to seamlessly audit, procure, reconcile and manage their entire travel and card expense system in an easy-to-use application.

The renewed contract with the NSW Department of Education represents an estimated total contract value of $3.54m including GST over the 2-year fixed term with two 1-year extension options.