Catholic financial services company overhauls
manual corporate card reconciliation for 293 schools with
Boomi-integrated framework
Boomi™, the intelligent integration and automation leader, today
announced that Catholic Development Fund chose Boomi to automate
its customers’ corporate card reconciliation process, reducing
complexity and speeding time-to-value for Catholic
organisations.
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the full release here:
https://www.businesswire.com/news/home/20240702078171/en/
Catholic Development Fund Deploys Boomi
to Automate Complex Fiscal Processes (Graphic: Business Wire)
The Catholic Development Fund (CDF) has been operating since
1956, providing financial solutions to Catholic schools, parishes,
aged care, healthcare, and social service providers. From flexible
and tailored lending to credit cards and payments, CDF provides its
customers innovative and cost-effective solutions that are aligned
with their customers’ values.
“CDF supports Catholic organisations by providing financial
products and services. We understand each and every business comes
with its own set of financial requirements and technology tools,”
said Jukka Rinta, Executive Manager, Product at CDF. “We can’t rely
on cookie cutter solutions. With Boomi, we’re able to build unique
processes, tailored to each of our customers’ needs.”
As an example, CDF delivers automation of complex financial
processes to its customers, including Melbourne Archdiocese
Catholic Schools (MACS) – an organisation responsible for the
governance and operation of 293 Catholic schools in Victoria.
“Due to legacy processes, MACS was managing 293 individual
processes for its corporate card reconciliation, which meant its
cohort of schools needed up to 90 days to reconcile simple
transactions. This was a massive admin burden,” Rinta said. “MACS
identified immediate value in creating uniformity across the
schools’ financial processes. So, we sought to deliver a highly
integrated solution that could handle the complexity.”
To automate and streamline the MACS Corporate Card
reconciliation process, CDF worked closely with Australian advisory
and IT solutions provider, Atturra, which helped it employ Boomi’s
integration platform as a service (iPaaS).
Using Boomi, Atturra helped CDF connect core systems, including
CDF’s core banking system, FlexiPurchase expense management, AWS
Secure File Transfer Service, and SharePoint.
The Boomi-connected environment automatically cross-checks
financial information against the numerous and differing enterprise
resource planning (ERP) accounting platforms used by MACS’ 293
schools. The information ingested is delivered to schools via API
payloads and fit for purpose content to easily consume purchase
transactions together with relevant financial information to
varying ERP platforms.
“After being in operation for just three months, we have already
seen vast improvements to the speed at which MACS can reconcile
transactions,” continued Rinta. “Now, up to 80 per cent of
transactions are compared against the ledger within the same month.
This is a huge win for governance and provides significant
reduction in admin burden.”
In addition to the improvements in user experience, the
scalability of the Boomi environment makes onboarding new schools
easier for MACS.
Jason Frost, Executive General Manager, Data and Integration at
Atturra, said, “Bookkeeping for one business can be complex, let
alone for 293 operating across multiple environments. Atturra is
proud to have helped facilitate a boost in efficiency for CDF’s
customers, while assisting CDF make its corporate card product even
more competitive.”
According to Rinta, the Boomi-connected process is now being
evaluated for the unique needs of CDF’s greater customer base.
David Irecki, Chief Technology Officer for APJ at Boomi, said,
“By putting its customers first, CDF has gone above and beyond.
This is a true example of value-add, enriching the organisation’s
technology capability to move the dial on its customers’
operations. With a connected data framework, CDF has helped its
customers save several hundreds of hours in manual bookkeeping,
which gives its schools time back to invest in student
education.”
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About Boomi
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and a worldwide network of 800 partners. Organizations turn to
Boomi’s award-winning platform to connect their applications, data,
and people to accelerate digital transformation. For more
information, visit boomi.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240702078171/en/
Media: Jasmine Ee Head of Influencer Relations, APJ
jasmine.ee@boomi.com