OpenText Vendor Invoice Management for SAP Solutions
Streamline Accounts Payable (AP) operations
It is time for a new, digital approach that transitions manual invoice processing to streamlined invoice management. Running digital results in short approval cycles helps vendors get paid sooner, while collecting important statistics that help continuously optimize the process, identify bottlenecks and simplify operations. By processing vendor invoices quickly, accurately and efficiently, organizations can enhance worker productivity, cash flow and vendor relations.
OpenText™ Vendor Invoice Management for SAP® Solutions (VIM) optimizes and simplifies the process of receiving, managing, routing and monitoring invoices and related documentation. Stakeholders involved in any invoice problem quickly and efficiently access invoice information, such as relevant PO number, status of invoice payments and more.
With Vendor Invoice Management for SAP Solutions, invoices are routed automatically to the right person for resolution, approval and payment. Managers can review and approve invoices using the modern SAP Fiori user experience. Vendor Invoice Management for SAP Solutions also processes order confirmations and delivery notes to further prevent invoice problems, supporting any input channel, whether digital or analog.
OpenText™ Intelligent Capture for SAP® Solutions is an optional add on that supports the capture of paper based invoices, which are turned into digital information for use within VIM. Based on 30 years of experience, a sophisticated knowledge base and machine learning algorithms, Intelligent Capture for SAP uses the most advanced document and character recognition capabilities available to extract header and line item details with high precision. 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.
With Vendor Invoice Management, organizations can:
- Accelerate order-to-pay operations across the enterprise through integration with SAP Business Suite and SAP S/4HANA
- Boost productivity and revenue by automating routing, approval, and payment processes
- Enhance vendor relations with better access to current, accurate vendor information
- Ensure accurate, on-time financial reporting with automatic access to AP information
- Improve cash flow by streamlining workflows, initiating reminders and shortening the payment cycle
- Promote regulatory compliance with a well-managed process using preconfigured rules, roles and actions
Customer Success Stories
Many customers have achieved measurable benefits when deploying the OpenText Vendor Invoice Management for SAP Solutions.
SAP Pinnacle Awards 2019 Winner
For the 12th consecutive year, OpenText is proud to be recognized by SAP® with the Pinnacle award for Solution Extension Partner 2019. SAP presents these awards annually to the top partners that have excelled in developing and growing their partnership with SAP and helping customers run better. OpenText’s breadth of leading solutions deliver the information advantage to SAP customers, today and in the future.