OpenText Vendor Invoice Management for SAP® Solutions
Optimize accounts payable processes in SAP ERP
For most companies, invoice processing requires too much manual effort, causing a drain on resources internally and for the vendors involved. Manual keying of invoice data and resolution efforts involve time-consuming historical research, communication with the vendor, process documentation, requests for additional information from multiple parties, manual routing, and the labor-intensive process of monitoring and providing update reports on the status of unpaid invoices. AP staff resources can spend most of their time addressing these problems, while vendors and buyers experience a wide range of disincentives and disadvantages.
- Minimize invoice processing time, optimize efficiency
- Increase ROI and save money
- Reduced cycle times
- Increased productivity
- Lower costs, reduce manual data keying
- Scalable foundation
OpenText Vendor Invoice Management for SAP® Solutions (VIM) is a prepackaged composite application that works with SAP ERP systems to streamline accounts payable (AP) operations. VIM (sold by SAP as SAP Invoice Management by OpenText) optimizes and simplifies the process of creating, managing, monitoring and routing purchase orders and invoices for AP personnel and vendors. Invoices are processed more efficiently and quickly; problem invoices are automatically routed for problem resolution, approval, and payment. VIM lets you manage invoices through a secure, browser-based interface where AP employees and vendors can collaborate to resolve problems, obtain invoice status, check purchase order numbers, submit invoices, and more.
As an option for VIM, OpenText Invoice Capture Center for SAP Solutions (ICC) further extends its capabilities to virtually completely automate the capture of paper invoices. ICC uses optical character recognition (OCR) to extract invoice data and virtually eliminate human intervention in the invoice capture stage of AP processing. The combination of ICC with VIM enables end-to-end automation of paper invoice processing, thereby maximizing the optimization of AP processes and accelerating ROI.