Homepage Xcellerate IT newsroom

The Cotton On Group selects Xcellerate IT to implement business process improvements within Accounts Payable

Announcement posted by Xcellerate IT 18 Aug 2014

Xcellerate IT, a leading Australian provider of smart process applications and a Kofax Diamond Partner, has announced that the Cotton On Group, Australia’s largest value fashion brand, has selected Xcellerate IT as the preferred solution provider to implement a best practice invoice automation solution within their Accounts Payable (AP) department.

With more than 1,300 stores and a team of over 19,000 employees in 17 countries across the globe, the Cotton On Group processes approximately 120,000 invoices per annum in the Accounts Payable department of their headquarters in Geelong, Victoria.

The capture and workflow platform designed by Xcellerate IT comprises of two industry-leading software products, Kofax Capture and e5 Workflow. This solution provides the Cotton On Group with the foundation to achieve complete end-to-end automation by providing the necessary tools to manage, track, and adhere to best practice principles for AP automation whilst enabling corporate governance with the integration into Dynamics GP.

Through the use of this smart technology, the time taken processing invoices are dramatically reduced as a result of automated business rules and processing. The solution is designed to automatically identify which branch/division of the Cotton On Group the invoice is for and to trigger complex workflow scenarios for electronic approval. Greater visibility of invoices, identification any duplicates and streamlined approval process into a web-based workflow management solution is now realised. Accordingly, this export of data into the line-of-business systems has reduced the manually entry of data thereby providing a substantial savings both in cost and time for their AP staff. As a result this allows for a more efficient use of organisational resources and time spent on more value-add tasks.

“We are thrilled to be working with such an iconic brand as the Cotton On Group and look forward to empowering the organisation to gain greater efficiencies by boosting staff productivity and providing operational visibility”, said Howard Boretsky, Managing Director of Xcellerate IT.

“Our expertise and experience coupled with leading edge imaging and workflow technology really distinguishes Xcellerate IT in the capture and business process automation marketplace”, Boretsky adds.

“This is a very exciting endeavour for the Cotton On Group, and will enable the Accounts Payable team and drive efficiencies and automate our manual processes” said Brad Evans, Cotton On Group Purchasing Manager.