Objective Corporation (ASX: OCL) today announced a substantial new contract with the Australian Securities and Investments Commission (ASIC).

Under a contract with a minimum value of $3.5 million over 3 years, Objective will provide ASIC with an Enterprise Content Management (ECM) solution to be used as a key resource to enforce company and financial service laws that protect consumers, investors and creditors, and regulate and inform the public about Australian companies. 

“Corporations and government agencies alike continue to invest in enterprise content management to enhance efficiency and meet regulatory compliance,” said Mr Tony Walls, CEO, Objective Corporation.

The contract with ASIC will see the implementation of the complete Objective 7 ECM solution. Objective’s solution that promotes a single source of the truth model seamlessly integrates business processes with documents, records and web content ensuring ASIC staff can unlock and leverage the real value of their corporate knowledge. 

The multi-year term of the contract will see a joint ASIC and Objective team implement the solution with Objective providing integrated support for the duration of the contract.

“Our customers greatly value our direct engagement model in delivering valuable outcomes. This is a direct result of having the largest team of dedicated ECM consultants in Australia,” said Mr Walls.

“This is a strategic win for Objective. We are proud to say that Australia’s corporate regulator has put its trust in Objective.”