In 2007, Victoria University implemented Xcellerate IT’s capture solution, which streamlines the processing of over 30,000 supplier invoices per annum.
Michael Lapolla, Director - Strategic Financial Solutions, Victoria University, says;
“The Xcellerate IT solution has been cost-effective since day one.”
“We had meetings with other vendors but selected Xcellerate IT due to their knowledge of our finance system and the unique accounting procedures of a higher education organisation.”
“Out of all IT/Finance projects, the Xcellerate IT solution was the easiest solution to implement. The whole solution was delivered within a 3 month turn-around.”
“Our manual data entry process has been reduced by a minimum of 70%. Since we went live, Xcellerate IT’s solution has enabled the Accounts Payable Department to gain better control of our incoming supplier invoices and we now have a more efficient process.”
“The soft savings we have gained such as compliance to audit and risk governance, reduced processing times, improved vendor relationships from on-time payments and visibility of supplier payments have made the solution cost effective since day one.”
“The solution provided by Xcellerate IT went above and beyond our initial expectations and allowed for future development. This opened the doors to other financial processes beyond AP, such as payroll and HR forms."
