OpenText is a Canadian based Software company that develops Enterprise content management (ECM), Business process management (BPM), Customer experience management (CEM), Information exchange, Discovery, and analytics software.
OpenText’s Vendor Invoice Management (VIM) solutions streamline Accounts Payable (AP) operations for SAP customers. OpenText VIM helps addresses a number of problems in Invoice Management such as:
Other Challenges in Vendor Invoice Management:
For many organizations, invoice processing can be a manually draining effort causing strain on internal resources as well as the vendors involved. Listed below are some common challenges in Vendor Invoice Management:
Labor intensiveness of updating reports on the status of unpaid invoices SAP OpenText Vendor Invoice Management solutions addresses these challenges through its advanced OpenText VIM software and some of its main features include:
Reduces cost per transaction through controlled and automated exceptions handling, aging, escalation, and reporting.
Shorten implementation time and reduce deployment costs through predefined workflows with extensible baseline functionality.
Based on user roles, authorization rules and predefined timelines, designated workflows sort and route invoices.
Build custom reports with SAP NetWeaver Business Warehouse (BW) delivered through OpenText VIM data. Leverage built-in reports based on Company Code, Exception type, Liability and other additional options.
The HTML5 based invoice approval application allows for information from any device, mobile phone, tablets and desktop to be processed. Approvers can have Web-based access to all the invoice information processed with a detailed history.
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