Get ready for a new approach to invoice processing, transition from manual invoice processing to streamlined invoice management. By processing vendor invoices quickly, accurately, and efficiently, you can enhance worker productivity, cash flow, and vendor relations. This solution optimizes and simplifies the process of creating, managing, monitoring and routing purchase orders and invoices for AP personnel and vendors. Stakeholders involved in any invoice problem can quickly and efficiently access invoice information, such as relevant PO number, status of the invoice payment, and more. It automatically routes invoices to the right person for resolution, approval, and payment. Managers can even review and approve invoices using their mobile devices. By supporting remote document reviews, it shrinks approval cycles and helps vendors get paid sooner
Exploit the value of this solution by adding OpenText Invoice Capture Center for SAP® Solutions.
Did you know that our OCR option uses the most advanced document and character recognition capabilities available to turn invoices into machine-readable information? Based on 30 years of experience and a sophisticated knowledge-base, it extracts header and line item details with high precision. And in situations where certain fields are not found, a simple point and click training solves the issue. The deep integration into SAP fully automates the data extraction and eliminates manual keying.
Vendor Invoice Management
Satisfied OpenText VIM Customers
"Our invoice processing operations went from 100 percent paper-based to 100 percent non-paper-based and we were able to reduce our total staff from thirteen FTEs to only five. We’ve decreased invoice processing costs by over 50 percent, driven mainly by headcount reduction, but also due to instituting a more automated process that reduces errors."
Farrah Goldberg, General Accounting Manager, Bumble Bee Foods
"With the implementation of Vendor Invoice Management for SAP Solutions, we gained economies of scale and efficiencies that allowed us to reduce the number of FTEs in Accounts Payable by approximately 20-25%."
Dan Metz, Group Manager, Business Systems
"The most significant business benefits resulting from the implementation of OpenText ECM Suite for SAP Solutions are the speed at which an invoice is approved (minutes vs. days) and the improved ability to view documents and track invoices in the approval process. We can now also easily summarize our un-posted liabilities. These benefits were anticipated and achieved."
Brunson White, CIO, Energen
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Accelerate AP operations across the enterprise through integration with SAP ERP
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Boost productivity and revenue by automating routing, approval, and payment processes
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Enhance vendor relations with better access to current, accurate vendor information
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Ensure accurate, on-time financial reporting with automatic access to AP information
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Improve cash flow by streamlining workflows, initiating reminders, and shortening the payment cycle
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Promote regulatory compliance with a well-managed AP process using preconfigured rules
Benefits & Highlights
SAP Invoice Management allows you to minimize invoice processing time, avoid risk and facilitate regulatory compliance, improve vendor relationships, and optimize cash-flow management.
Certification
