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OpenText Invoice Management for SAP

Ensure consistently accurate, timely and compliant financial payments to vendors every time.

White paper: OpenText Invoice Management for SAP

All you need to know about OpenText Invoice Management for SAP — Fast track the automation of accounts payable invoice processing by rapidly deploying OpenText Vendor Invoice Management (VIM).

OpenText™ Vendor Invoice Management for SAP® Solutions streamlines procure-to-pay and order-to-cash operations for SAP customers. It optimizes and simplifies the process of receiving, managing, monitoring, and routing invoices, quotations, order confirmations, delivery notes, sales orders, remittance advice and related documentation on all levels.

Vendor Invoice Management for SAP Solutions anticipates invoice problems before they occur. Eliminate the overhead for manual tasks and keep purchase orders and delivery status up-to-date, preventing problems during invoice posting.

Manage invoice processing in multiple production instances from a single, central control point.
Complement the new and simplified SAP S/4HANA® with world-class invoice and document automation running complex, transactional processes exclusively in the modern SAP Fiori® user experience.

Certified by the SAP Integration and Certification Center (SAP ICC) granting fulfilment of SAP standards of accessibility, functionality, documentation, performance, security and usability.

“With implementing OpenText Vendor Invoice Management for SAP we have measured a 20% reduction in our overall cycle time, 20% in duplicates and a 50% reduction in approval cycles.” — CFO, SWISS MANUFACTURING COMPANY

“With implementing OpenText Vendor Invoice Management for SAP we have measured a 20% reduction in our overall cycle time, 20% in duplicates and a 50% reduction in approval cycles.”

— CFO, SWISS MANUFACTURING COMPANY

HOW IT WORKS

BENEFITS

Benefits of OpenText Invoice Management for SAP

SMART AUTOMATION
Accelerates invoice and order processing and improves productivity through rapid data capture and intelligent automation.

ELIMINATING LATE FEES
Increases ROI by reducing cycle times and eliminating late fees and deliveries. 

Speed payment cycles and increase revenues through early-payment discounts. 

CLARITY OF PROCESSES
Improve control and visibility of order-to-pay processes.

DOCUMENTED AUDIT TRAIL
Ensures compliance through defined business processes and a documented audit trail.

AUTOMATING SALES ORDER PROCESSING
Expands customer satisfaction by automating sales order processing.

IMPROVE DECISION-MAKING  
Enhance vendor relationships and win more discounts. Gain business insights and improve decision-making.

FEATURES

  • ENTERING DOCUMENTS FROM ANY LOCATION

    ENTERING DOCUMENTS FROM ANY LOCATION

    Enters documents directly from any source and location, via all input channels and in any format directly into the ERP system.

  • AUTOMATIZATION OF INVOICE DATA EXTRACTION

    AUTOMATIZATION OF INVOICE DATA EXTRACTION

    Automates invoice data extraction by integrating Intelligent Capture for SAP Solutions to cull header and line items details quickly, reliably and automatically, based on a knowledge base of thousands of invoice samples in combination with machine learning.

  • OPTIMIZATION OF THE APPROVAL PROCESS

    OPTIMIZATION OF THE APPROVAL PROCESS

    Optimizes the review and approval process by intelligently enriching missing information, offering controlled and automated exception detection and handling, parallel approvals, escalations, invoice posting and reporting, resulting in a reduced cost per transaction.

    Leverages designated workflows providing predefined workflows with robust and extensible baseline functionality, shortening implementation time and reducing deployment costs.

  • ROUTING EXCEPTIONS BASED ON USER ROLES

    ROUTING EXCEPTIONS BASED ON USER ROLES

    Automates invoice routing and sorting by designated workflow steps sorting and routing exceptions based on user roles, authorization rules, priorities and predefined timelines to ensure actions are taken by individuals with both the applicable knowledge and security access.

  • REPORTS GENERATION

    REPORTS GENERATION

    Generates reports using built-in reports and data models based on company code, business unit, customer, supplier, exception type, liability and more to turn insights into action.

  • GRAPHICAL DASHBOARDS

    GRAPHICAL DASHBOARDS

    Drills down into details accessing applications, content and history using intuitive, graphical dashboards with buttons that drill down into the original image, information and document flow.

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Let’s discuss how OpenText Invoice Management for SAP can benefit your business.

One of our experts is happy to share what your business can archive with the right solutions. During this 60-minutes session, we’ll investigate your current situation, goals, possible gaps, and share our knowledge and insights.