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Turium Transforms Critical Finance Function: Harnessing Data, Analytics, and Automation
5
50%
60%
Total Systems Integrated (HR, Operations, Supply Chain, Finance, IT)
Reduction in Data Processing Time
Real-Time Data Availability Increase
“Adopting the Turium Integration solution helped us connect TechnologyOne functions that were previously siloed enabling us to mobilise our workforce, improve business intelligence and focus on service delivery.”
Drivers for Change
By integrating critical data sources and workflows across various departments, including HR, operations, and supply chain, Turium enabled Murray Darling Basin Authority (MDBA)'s Finance team to make more informed decisions and eliminate inefficiencies.
Solution
Turium Algoreus provided a robust integration platform that connected various TechnologyOne functions, breaking down silos and improving data flow across the organisation. Improving data quality for better insights and decision-making. Using advanced financial modelling and analysing internal and external data, Turium provided an ability for MDBA's Finance teams to move processing to real-time, improving efficiency and reducing operational costs while guiding investments more confidently.
Impact
The implementation of Turium Algoreus not only addressed immediate integration needs but also laid the groundwork for future technological advancements. The benefits included:
- Enhanced Business Intelligence: Improved data integration led to better analytics and reporting, aiding in more informed decision-making.
- Operational Efficiency: Real-time data processing reduced operational costs and improved workflow efficiency.
- Foundation for Innovation: Established a flexible tech architecture to support future initiatives such as artificial intelligence, robotic process automation, and machine learning.
By creating a system of reference, intelligence, and variation, Turium simplified and standardised the Financial Management Information System (FMIS), addressing complexity with a scalable and adaptable solution to meet evolving business demands.
