Victorian TAFEs take the next step in digital transformation with asset management solution

Wednesday, 31 January 2024 - In accordance with the Victorian Government’s Asset Management Accountability Framework (AMAF), the entire TAFE Victoria network is taking their digital transformation to the next level by adding TechnologyOne’s Enterprise Asset Management (EAM) solution, modernising their back-office IT systems and optimising the use of their assets.

With increasing investments from State and Federal Government to boost enrolment, investing in effective asset management is crucial for vocational education institutions to optimise the use of resources, ensure compliance, support planning and budgeting, manage risks, and promote sustainability to deliver a great experience for their students.

Sunraysia Institute of TAFE (SuniTAFE) and Holmesglen Institute of TAFE join ten other TAFEs to further their investment in modernising IT infrastructure. In addition to the products, these TAFEs are currently implementing TechnologyOne’s OneEducation solution – which includes Financials, Supply Chain Management, Student Management and HR & Payroll – and now adding Enterprise Asset Management.

In 2022, every Victorian TAFE invested in upgrading their software to TechnologyOne’s modern and market leading OneEducation Software-as-a-Service (SaaS) solution. The added investment will allow them to manage campus maintenance, forecast long-term asset cost, prioritise building projects, and use best practice modelling to plan capital works based on different financial scenarios.

SuniTAFE’s Senior Manager of Systems and Process Improvements, Dianne Flashman said: “Our investment in TechnologyOne’s enterprise asset management solution will save us time and money, as well as deliver campuses that students and staff will be proud to attend.

“TechnologyOne’s EAM solution will ensure we are using our resources efficiently and effectively to meet these goals. It will provide visibility over our buildings, equipment, utilities, and all the spaces in between so we can stay on top of maintaining, renewing, and operating them through their entire lifecycle to deliver great spaces for our students and staff.”

Peter Nikoletatos, TechnologyOne’s Industry General Manager for Education, said: “We are delighted to support the entire Victorian TAFE network as they continue their digital transformation journey. We have been working closely with these institutions for more than 15 years and have seen first-hand the need for modern tech solutions, like SaaS and our leading EAM solution.

“For the last three years, we have partnered with each of these TAFEs and the Department of Education and Training in Victoria to help meet the new Asset Management Accounting Framework requirements. A good asset management solution can help institutions meet compliance standards while enhancing the experience students and staff have when attending a safer and more contemporary campus.”

TechnologyOne is focused on empowering more than 6.5 million students globally, with solutions that provide simple and engaging experiences for students and staff, while reducing the administrative burden.