Payment news, June 15

Accenture to provide Hong Kong Housing Authority with a financial management system, while Citi targets small businesses in China.

Accenture awarded contract from Hong Kong Housing Authority

The Hong Kong Housing Authority has signed an eight-year contract worth $30 million with Accenture to design, develop and maintain a new enterprise resource planning ERP system. The Authority plans to improve efficiency in its financial management and procurement processes with the system. It replaces more than 20 legacy systems currently handling the functions.

The Hong Kong Housing Authority's current systems are no longer able to meet evolving user requirements in terms of performance, flexibility and reporting capabilities, said Bruce Liang, Accenture's Greater China health and public service lead, in a statement. Accenture will design and deploy an integrated ERP system that is aligned with...

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