Novatech Transitions to iplicit for Enhanced Financial Automation and Compliance
Novatech transitioned from Exchequer finance software to iplicit due to lack of support and automation needs. iplicit's system integrates with Novatech's in-house tools, reducing time spent on accounts payable, batch payments, foreign exchange, bank reconciliation, and fixed asset management. The move has improved efficiency, ensured VAT compliance, and facilitated growth without increasing staffing. Novatech's Finance Director, Alex Puttock, emphasizes iplicit's responsiveness to feedback and the positive impact on the company's operations.
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Novatech switched from Exchequer finance software to iplicit following Exchequer's announcement of discontinued support. The change was driven by the need for compliance and automation in processes such as supplier payments and asset depreciation. iplicit integrates with Novatech's in-house software, eliminating the need for external integrations.
The new system has automated accounts payable, batch payments, and streamlined foreign exchange transactions. This transition has significantly reduced manual workload and improved efficiency, enabling Novatech to scale operations without additional hires. The partnership with iplicit has fostered a responsive feedback loop, supporting ongoing improvements.
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