Nayara Energy

Nayara Energy transforms accounts payable processes with OpenText invoice solutions

Indian energy company automates invoice processing with OpenText Vendor Invoice Management for SAP Solutions to increase efficiency and accelerate turnaround time.

The platform has not only helped us improve efficiencies, it has also enhanced productivity, simplified operations, and most importantly, helped in eliminating bottlenecks.

Parthasarathy S, VP Finance, Chief Accounting & Transformation Office

Challenge

Lack of a standardized process for receiving, capturing, and processing invoices
Difficult to track the status of invoices in a timely manner
Invoices had to be checked manually to ensure accuracy and compliance which was cumbersome and time-consuming

Product(s)

Value

Automated invoice management for maximum efficiency
Eliminated time-consuming, manual invoice processes
Accelerated invoice approval cycles and reduced errors
Enabled real-time invoice visibility and reporting

About Nayara Energy

Based in Mumbai, India, Nayara Energy is a new-age downstream energy and petrochemicals company with a strong presence across the hydrocarbon value chain from refining to retail. The company owns and operates India’s second-largest single-site refinery, one of the world’s most modern and complex refineries. The company also has India’s largest and fastest growing private retail network with more than 6,000 fuel stations across India.