Xcellerate IT strengthens his position as leading provider of Accounts Payable Automation solution with the university and higher education industry. Xcellerate IT technology will support the centralisation of all supplier invoices by streamlining accounting processes.
Sydney, September 15th 2009 - The University of Western Australia (UWA) has chosen the Xcellerate IT technology for Accounts Payable to automate its paper driven accounting processes. The imaging capture solution will enable University of Western Australia to improve inefficiencies and achieve cost savings.
As leading Australian research university, UWA receives up to 96,000 supplier invoices per year from a variety of sources, ranging from items purchased via Purchase Order to utility service accounts, such as electricity and telephone. The main challenge for UWA consists of receiving supplier invoices at the various departments and then manually entering invoice details into PeopleSoft data entry screens. Manual checks of invoices are then performed to ensure they have been authorised and meet basic criteria.
With an international reputation for excellence, innovation and enterprise, UWA recognises the value of streamlining accounts payable processing requirements. The University of Western Australia have thus chosen to centralize all supplier invoice processes at Perth, WA, providing Accounts Payable personnel with the best technology available.
UWA has decided to partner with Xcellerate IT in implementing the imaging and data capture solution to automate Accounts Payable processing. The Kofax Capture solution consists of best-in-class accounts payable software with modules linked together by common transport queues. Supplier invoices will be scanned converting paper documents into electronic images, extracting data from those images and placing it into pre-defined index fields. AP personnel are then empowered to examine the extracted data and make corrections before data is uploaded into PeopleSoft Financials.
Kofax Capture will enable The University of Western Australia to utilise a global leading imaging technology. This will present tangible improvements within the existing Accounts Payable processes by improving efficiency and achieving cost savings.
About Xcellerate IT
With 13 years of experience dedicated to document capture, Xcellerate IT is a leading provider of Accounts Payable automation solutions. Our supplier invoice scanning solution compliments and seamlessly integrates with many business applications, empowering Accounts Payable departments to increase productivity and organisational effectiveness by decreasing manual processes.
The Xcellerate IT community counts for more than 45 organisations throughout Australia. All of these customers have been assisted by the Xcellerate IT’s Professional Services Team in deploying the latest technologies for Accounts Payable automation.