Salt River Project
Salt River Project Optimizes Accounts Payable with OpenText and SAP®
Arizona Utility increases efficiencies and cost savings with OpenText™ Vendor Invoice Management for SAP® Solutions
We process approximately 150,000 invoices a year. Before, we were operating with a cost per invoice of about $10. We’ve been able to reduce that about one dollar, to nine dollars per invoice.
Challenge
• Inefficient and time-consuming manual processes
• Lack of integration with existing platforms
• No centralized oversight and management of invoices
• Little visibility into invoice status
Product(s)
Value
• Automates scanning, routing, approval, and payment
• Complete visibility and oversight into invoice status
• Integration with SAP® ERP and SAP® Ariba®
• Increases vendor discounts taken by three percent
• Decreases the amount of manually posted invoices by more than 90 percent
• Reduced the overall cost per invoice by 10 percent
About Salt River Project
Serving central Arizona since 1903, Salt River Project (SRP) is one of the nation’s largest public power utilities. Providing generation, transmission, and distribution, as well as metering and billing services, SRP delivers electricity to approximately one million retail customers in a service area that spans three Arizona counties. It is also one of the largest raw-water suppliers in Arizona and manages a 13,000-square-mile watershed that includes an extensive system of reservoirs, wells, and canals.
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