OpenText Vendor Invoice Management for SAP Solutions is a tool for migration from manual processing of incoming invoices towards an automated solution. The product optimizes and simplifies the process of creation, management, and monitoring of orders and vendor invoices. Documents are automatically distributed for processing, approval, and payment to relevant persons within the company. By using the OpenText Invoice Capture Center for SAP Solutions extension, automated recognition and digitization of content of invoices can also be achieved, thus eliminating the need for manual data transfer into SAP.
Main Benefits of Vendor Invoice Management for SAP Solutions:
- acceleration of operations relating to invoice processing across the entire company;
- increased productivity by automating routing, approval, and payment of invoices;
- improved vendors relations;
- assurance of an accurate and timely overview of financial flows;
- cash-flow improvement using workflow, dunning letters, and shorter invoice payment cycles;
- compliance assurance with legislative conditions thanks to well-managed processing based on pre-configured processing rules.