Case Study: a leading Australian superannuation fund achieves 78% touchless invoice processing with Technowand

a leading australian superannuation fund achieves 78% touchless invoice processing with Technowand

The customer, a leading Australian superannuation fund, faced a significant challenge with its manual accounts payable process. A small team was manually processing over 5,000 documents monthly within their TechnologyOne system, leading to approval delays, compliance risks, and immense month-end pressure. Technowand was engaged to implement an AI Finance Automation solution to address these pain points.

Technowand deployed an intelligent accounts payable automation system that integrated directly with TechnologyOne. The solution featured 3-way invoice matching and automated data capture, which streamlined the entire process. This resulted in 78% touchless invoice processing, a 70% reduction in processing time, and 99%+ data extraction accuracy. Technowand's solution provided the fund with automated audit trails, stronger supplier relationships, and measurable compliance gains.