TechnologyOne Integration
TechnologyOne lets you consolidate information from front- and back-office processes including areas such as accounts payable, accounts receivable, procurement, analytics and revenue management. With the latest Ci and Ci Anywhere platforms on premise or in the cloud, you can access your data from any device, anywhere at anytime.
Our solutions for accounts payable leverage the latest functionality from TechnologyOne and provide an on-ramp to onboard invoices seamlessly. The configurable dashboard supports straight-through processing and can manage the exception handling of invoices with purchase orders, without purchase orders, credit/adjustment notes and sundry invoices. The latest features of workflow and analytics empower your accounts payable team with control, visibility and insight into the invoice lifecycle, driving efficiency and allowing each team member to manage their role and focus their time on value-added tasks.
Major ACCOUNTS PAYABLE CHALLENGEs
Accounts payable departments in today's organisations operate under increasingly strict, yet fluctuating, requirements. From satisfying external customer demands, to meeting increasingly stringent financial controls and internal margins, much depends on the success and efficiency of the accounts payable team. Major challenges with manual invoice processing include:
- Lack of visibility reduces control over invoice processing
- High operational costs
- Slow processing and delays in posting invoice data into TechnologyOne Financials, creates an incomplete financial picture of commitments
- Prone to error - Data entry errors, matching errors, double payments, disappearing invoices and messy record keeping
Empower your finance team with intelligent automation
Get the most out of your TechnologyOne investment and maximise productivity with an integrated accounts payable automation solution from Xcellerate IT. Our intelligent capture platform works seamlessly with TechnologyOne, for both Ci and Ci Anywhere, on premise and in the cloud.
Today, Xcellerate IT solutions are widely used across multiple industries, such as manufacturing, finance, state and federal government, higher education, healthcare and a wide range of companies. Our organisation has automated accounts payable departments for over 70 TechnologyOne customers. These implementations demonstrate our expertise and experience and are a testament of our 'tried-and-proven' solutions with TechnologyOne.
Key benefits
The benefits of accounts payable automation are proven and documented for companies small and large. Major reductions in invoice processing cycle times and costs, near total visibility into documentation and metrics and seamless TechnologyOne integration is creating hyper-efficient accounts payable departments that are also strategic hubs of business intelligence. The benefits of an automated, integrated accounts payable solution from Xcellerate IT include:
- Digitally transform to a paperless and electronic accounts payable department
- Direct integration with TechnologyOne
- Improved data accuracy: Best in class extraction rates as high as 95% (typically not less than 80%)
- Improved profitability: Cost per invoice greatly reduced
- Improved invoice cycle time
- Reduced cost for manual keying and manual verification leaving option to reassign employees to more valued work
- Automated capture, extraction, validation and export to TechnologyOne ensures optimal process flow
- Ensure compliance with new legislation by having one single point of entry for your invoices regardless of the format received
- Improved supplier relationships: Faster invoice processing eliminates late-payment penalties and early payment discounts are increased
- Invoices will be paid in a timely manner, ensuring compliance
About TechnologyOne
TechnologyOne is a leading enterprise software solutions provider with offices in each State and Territory of Australia, as well as New Zealand, Papua New Guinea, Malaysia and the United Kingdom. TechnologyOne develops, implements and supports its deeply integrated software solutions, which include Financials, Human Resource & Payroll, Supply Chain, Business Intelligence, Budgeting, Performance Planning, Property & Rating, Customer Relationship Management, Student Management, Asset Management and Enterprise Content Management. These world-class solutions are based on leading-edge technology and are backed up by a substantial R&D program providing a long term, secure and valuable partnership to customers across the business, government, financial services, health and community, education and utilities sectors.
