Denovo Solution Prepares Honolulu Board of Water Supply for GASB 75 & 87 Deadline.
BOULDER, Colo. (PRWEB) January 26, 2021
Denovo, a leading provider of managed enterprise resource planning (ERP), professional services consulting and IT services, is pleased to announce the completion of additional projects for Honolulu Board of Water Supply that improve their customers’ experience and meet Key Government Accounting Requirements (GASB 75 & GASB 87) to their JDE Enterprise One 9.2 upgrade previously completed by Denovo.
Denovo created OPEB reports to satisfy GASB 75 and implemented code current Lease Management in preparation for the GASB 87 implementation deadline of June 2021. The Government Accounting Standards Board (“GASB”) issued Summary of Statements No.87 Leases in June 2017 requiring all leases to be reported as capital leases and eliminate the classification of an operating lease unless the lease is short-term, defined as 12 month or less. The objective is to better meet the needs of financial statement users by improving accounting and financial reporting for leases by governments.
Honolulu Board of Water Supply chose Denovo as their vendor of choice from public RFP solicitations based on Denovo’s deep understanding of both JDE software and of public sector business processes. Denovo has a large number of public sector clients already using JDE, and Honolulu Board of Water Supply is an example of one who is staying current on JDE, reaping all the benefits that EnterpriseOne 9.2 has to offer.
“Denovo responds quickly to all our requests regardless of how critical the issue or question is. Their knowledge goes beyond just JDE functional and technical expertise. The Denovo consultants have understanding specifically in public sector accounting, payroll, procurement, and inventory. This makes their solutions to our issues more meaningful since they originate not just from JDE problem resolution (just fix it) but from a complete approach that is best for HBWS and follows best practices. We have tremendous confidence in Denovo and their continued, reliable, exceptional support,” said Leanne Matsumoto, Assistant Water Works Controller for Honolulu Board of Water Supply.
Denovo provides ERP managed services to our customers in any cloud or on their premises, with an optional Code Current service offering. By keeping code-current Customers have access to continuous Oracle improvements, receive a much higher return on annual maintenance costs and increased security and stability for JDE EnterpriseOne.
Customers embracing Denovo’s Code Current as a Service offering enjoy:
- Up to two (2) code current projects / change events every twelve (12) months;
- Comprehensive project services; this includes CNC support to apply the updates, technical and functional identification of the update impact, project management and oversight,
- Included tools upgrades as required;
- Testing support and retrofit of all affected…