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Mint takes its Next Great Step with Cincom

The Royal Australian Mint has commenced the next phase of its modernisation program with the signing of a $3.6 million contract for a new IT Business System. The contract was won by Cincom Systems of Australia and is scheduled for completion in late 2009.

The new system, along with the refurbishment of the Mint’s facilities in Canberra and other modernisation projects, is central to the Mint’s objective of becoming one of the best manufacturing facilities in the world.

“The future of the Mint will be well catered for through Cincom’s innovative solutions for our IT Business Systems. Along with our refurbishment project and new Material Handling and Warehousing System, the Mint is on its way to becoming a truly modern manufacturing facility. The refurbished Mint reopens in early 2009, with a more up to date public gallery and display of the National Coin Collection, which attract thousands of visitors to the Mint each year” said Janine Murphy, Chief Executive Officer of the Royal Australian Mint.

Cincom delivers and supports innovative software and services to simplify complex business processes. Established in 1968, Cincom has enabled thousands of clients to increase revenue, control cost, minimize risk and achieve rapid return on investment. Cincom is committed to bringing the latest advances in manufacturing business solutions & technologies to the market.

“Cincom is proud to have won the contract and to be associated with the Royal Australian Mint. Our systems and experience are in concert with the modernisation process currently underway at the Mint. We look forward to working with Frontier and Demand Management Systems in helping the Mint achieve its objectives to improve the efficiency, governance, and accountability of its business processes” said Mr Paul Hargreaves, Managing Director of Cincom Systems of Australia.

About Royal Australian Mint
The Royal Australian Mint is a Division of the Commonwealth Department of the Treasury with responsibility for producing circulating and numismatic coins for Australia.

The Mint was established in Canberra in 1965, one year prior to Australia’s changeover to decimal currency and since 1983 has been the sole supplier of Australia’s circulating coin requirements. (Between 1965 and 1983 the Mint’s production of Australian circulating coinage was supplemented by production from Britain’s Royal Mint and the Royal Canadian Mint.) Since its establishment, the Mint has produced in excess of over 11 billion Australian decimal coins.

The Mint also produces a range of high quality collector coins (numismatic coins) which are sold through an extensive mail order operation, e-commerce, a network of domestic and international coin dealers, selected Australia Post outlets and the Mint shop. In addition, the Mint produces a number of Australian medals and awards, as well as tokens, medallions and jewellery items. The Mint is also a major Canberra tourist attraction with a public gallery and shop that have attracted an average of 150,000 visitors over the last three years.

The Mint has produced circulating and collector coins for a number of other countries in past years.

The Mint is committed to upholding its reputation as one of the leading producers of quality coins in the world and to achieving business excellence. For more information about the Royal Australian Mint please visit www.ramint.gov.au .