OpenText Vendor Invoice Management for SAP Solutions (2024)

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What is OpenText Vendor Invoice Management for SAP Solutions?

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OpenText Vendor Invoice Management for SAP Solutions Product Features

• Enters invoices from any source from any location: via all input channels and in any format directly into the ERP system.

• Automates invoice data extraction: integrates with Information Extraction Service to cull invoice header and line item details quickly, reliably and automatically, based on a knowledge base of thousands of invoice samples in combination with machine learning.

• Optimizes the review and approval process: intelligently enriches missing information, offers controlled and automated exception detection and handling, parallel approvals, escalations, invoice posting, and reporting, resulting in a reduced cost per transaction.

• Leverages designated workflows: provide predefined workflows with robust and extensible baseline functionality, shortening implementation time and reducing deployment costs.

• Automates invoice routing and sorting – designated workflow steps sort and route invoices based on user roles, authorization rules, priorities, and predefined timelines to ensure actions are taken by individuals with both the applicable knowledge and security access.

• Generates reports – uses built-in reports and data models based on company code, business unit, supplier, exception type, liability and more to turn insights into action.

• Drills down into invoice information – accesses applications, content and history using intuitive, graphical dashboards with buttons that drill down into the original invoice image and information, purchase order and goods receipt.

Advisory and Consulting Services

Need some advice on your existing or future OpenText Vendor Invoice Management for SAP Solutions application? Do you have a concern, or would simply like to hear the feedback from a professional service provider? We offer advisory sessions as a yearly subscription service or a one-time service.

OpenText Product Training

Our team provides general and custom training sessions for all versions of OpenText Vendor Invoice Management for SAP Solutions. We provide knowledge transfer and share best practices on single SAP VIM components or the whole solution. We also do OpenText crash courses for business and technical users and administrators. Your team can get training at your location, at our location in Boston MA, or remote during WebEx sessions.

• Finance & Banking
  Our solutions streamline business processes of financial and banking institutions, such as external financial auditing, new client acquisition, loan processing, human resources, accounts receivable, and accounts payable. They help to stay regulatory compliant and increase security.

• Healthcare
  By implementing our solutions to existing EMR systems, healthcare facilities can not only extend their capabilities but also provide faster and better patient care.
  

• Energy & Utilities
  Our solutions help global energy and utilities to digitize operations, access mission-critical content in real-time, improve operational efficiency, ensure regulatory compliance, minimize operational and financial risk, and improve bottom-line profitability.

• Insurance
  Solutions provided by Ecodocx help to automate manual processes, enhance client service, minimize time spent processing claims, be more responsive to policyholders, and real-time access to forms, claims, EOBs, invoices, reports, charts and medical images, and more can enable more informed patient care and better healthcare decisions.

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