FinXL is an Australian owned, privately held company known for delivering high value ICT services and solutions. Innovation has always been an integral part of FinXL’s culture, and in 2013 they set out to radically refresh their service offering, their brand and their internal systems and procedures.
In October 2015 FinXL launched its new digital brand, XL Digital, which focusses on delivering digital transformation strategies across its client base, including digital solutions, mobile, user experience and analytics. Rather than create a whole new legal entity with wider implications regarding staff, reporting, compliance, governance ect., they opted to create a separately branded digital division within FinXL’s existing legal structure, which offered them all the advantages without too many additional overheads and complications. XL Digital takes on the work in partnership with the client to ensure that the right thinking, resources, skills and experience are in place, and to ensure that each step of the transformation process leads to a successful outcome.
The main measureable outcome and result to demonstrate the effectiveness of XL Digital has been to measure the success it ultimately has in the market in terms of sales revenues generated, new clients attracted, profitability generated from projects undertaken and customer satisfaction feedback. Although it is still relatively early days, sales revenues are growing rapidly; FinXL have already won several new named clients and are talking seriously with several new large commercial clients; the project work they have undertaken to date is profitable; and client feedback received is very positive and encouraging.
FinXL is being recognised for a Business Innovation Award in the Australian Business Awards 2016.
The Australian Business Awards are the regional chapter of an integrated, hierarchical leadership program conducted on a national and international level. Eligible organisations from each region are invited to participate in the international chapter of the program at The World Business Awards. Conducted annually and currently in the second year of its international launch, The World Business Awards seeks to engage with the world’s business, innovation and technology leaders through a global recognition and knowledge building initiative that is underpinned by the program’s established framework. The program engages with organisations worldwide to benchmark the full spectrum of their products, services and initiatives and to review their business performance. The cycle culminates in the recognition and celebration of organisations that implement world-class business initiatives and industry leading products and services on a prominent and far-reaching scale. All entries must be entered in the regional chapter where the organisation is based.
Organisational participation includes private companies, publicly listed companies, multinational subsidiaries, not-for-profit organisations, non-government organisations, educational institutions, franchise systems, partnerships, government departments, government agencies, local government and statutory bodies operating in Australia.
Initiatives can include but are not limited to projects, programs, processes, systems, technologies, developments, ventures and undertakings.
Entries are assessed utilising a robust and dynamic framework to ensure that the assessment process is pertinent and objective. The World Business Awards Framework (WBA Framework) is utilised as a structured model of assessment that enables the participating organisations to be benchmarked against world class performance standards. The Framework consists of specialised assessment modules pertaining to the evaluation criteria for each of the award categories. The criteria and sub-criteria provide a robust set of requirements that are used as the methodology for benchmarking and learning among the participating organisations.
Organisations that participate are provided with the unique opportunity to benchmark themselves against the top performers globally. The recipients are acknowledged for their achievements and recognised as the elite of their industry earning a place amongst a distinguished group by having their products, projects, initiatives, contributions and achievements recognised on a prominent and far-reaching scale. The program provides the ultimate platform for building knowledge, increasing brand awareness, equity, loyalty and retention through increased exposure, recognition and prestige. This establishes a valuable resource that can be used extensively to create opportunities for publicity, positive organisational profiling and heightened brand awareness within the respective industries both nationally and internationally.