TechnologyOne Assists in Transforming University’s Systems
Back when TechnologyOne was first established more than thirty years ago, the IT industry was not attached to the bells and whistles it currently boasts. Today, the firm has evolved to be Australia’s largest enterprise software firm with more than 1200 businesses utilising their software. A critical factor that drove the robust adoption rate lies within the fact that TechnologyOne has successfully operated as a Software as a Service (SaaS).
Specifically, its Enterprise Resource Planning (ERP) solution brings together core business systems in real-time and information can be easily accessed on all smartphone devices. As a result, businesses can make informed decisions while driving productivity within the workforce. Presently, the firm operates across a myriad of sectors including health and community services, government, education and financial services.
More recently, TechnologyOne has been selected by York St John University to revolutionise the institution’s finance, human resource and payroll systems. More notably, the firm’s OneEducation SaaS will be part of the university’s digital solution, which seeks to provide a customised and seamless online experience for users including lecturers and students in 2021.
The software is expected to bring together three separate university functions and have them consolidated into one system. Consequently, the current 10-year old payroll processes within finance and human resources teams will be expedited, allowing for better management of staff’s well-being. For instance, the particulars of a new employee can now be easily accessed. From an external point of view, the seamless process will also allow both teams to be able to improve tender procedures when complete profiles of suppliers are stored in one place.
Additionally, the project aims to allow York St John to witness improved system communication between the University’s London and York campuses, thereby preventing duplication. Collectively, these advantages will enable the university to experience workplace productivity and efficiencies right from day one.
The public university in England has specifically picked TechnologyOne to be part of this transformation due to the competitive edge it offers. More importantly, York St John University focused on the firm’s goals and core values. Unlike other software firms, TechnologyOne stood out to be an organisation that focused less on short-term gains and profits. Rather, it operates on a set of values which exemplifies the university’s view on providing a cohesive environment for its stakeholders.
Evidently, head of procurement at the university, Paul Revell stipulated that TechnologyOne’s values were closely aligned to that of the school and that he saw value in working with the firm. Apart from the above, the beauty of TechnologyOne is that the firm has continuously boasted outstanding financial results. Since 2010, sales have increased by more than two-folds. In its most recent report, the firm announced a 208 per cent surge in profit before tax to that of $76.4 million, primarily backed by growth in its ERP solutions.
By Caroline Wong
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