Invoice processing
Create intelligent operations with automated invoice processing on one platform
Overview
Efficient vendor invoice handling is essential for business continuity. Yet invoices often arrive in different formats, through multiple channels, and sometimes even before goods or services are delivered. Complex tax structures, approval workflows, and exceptions can further slow processing and frustrate vendors.
OpenText™ embeds advanced invoice processing software into the SAP ERP so organizations can streamline invoice processing from end to end—reducing the time between invoice receipt and the ability to pay.
Key benefits of invoice processing in SAP ERP
Combine intelligent capture with advanced data enrichments to minimize human involvement and drive efficiency.
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Increase staff productivity
Automate data entry and completion, routing, approval, and dispute processes to simplify invoice processing in your SAP ERP.
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Speed up accounts payable operations
Cut the cycle time from invoice receipt to payment availability by streamlining workflows, sending reminders, and enabling parallel approvals within the system of record.
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Improve vendor experiences
Increase procurement agility by working closely with vendors, providing fact-based feedback, and granting real-time access to the invoice status in the system of record.
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Meet regulatory requirements
Ensure you comply with the latest rules, enforce internal controls, and provide auditors with the information they need in a fully automated way.
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Mitigate risk
Reduce the risk of fraud by recording all invoices in one system; segregating duties, SAP roles, and authorizations; and creating an unalterable audit trail.
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Accelerate technology adoption
Start with invoice processing in SAP ERP and quickly extend the same intelligent automation principles to all other processes, whether high- or low-volume.
Business impacts
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Risk management and compliance
In uncertain economic times, companies need agility to stay ahead. Manual invoice processes are slow and can frustrate vendors. An invoice automation system helps you navigate changing business models, regulatory requirements, new threats, and more.
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Cost optimization
Contract leakage and maverick buying hurt the bottom line. But decentralized processes and disconnected systems prevent improvements. Invoice automation delivers the insights to optimize procurement contracts based on real-time spend analysis.
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Data visibility and analytics
Trustworthy AI requires trusted data. Collecting data from multiple systems limits the information’s richness. Processing invoices embedded in your SAP ERP adds valuable details that fuel AI-based process optimization.
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Effective system transformation
Moving to SAP S/4HANA is a complex endeavor. Technical and organizational challenges can inhibit migration. Embedded SAP solution extensions for invoice processing eliminate interoperability challenges and drive greater value from ERP, cloud, and AI.
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Data integrity and security
Businesses rely on accurate financial data to plan and make decisions. But when data is altered, corrupted, or lost, recovery can consume considerable time and resources. Embedded invoice processing prevents these issues by using SAP authorizations.
Leaders trust OpenText
See how customers are succeeding with invoice processing solutions.
See more success stories
Nationwide grocery co-operative streamlines supply chain and achieves cost savings with OpenText Suite for SAP
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Solarisbank brings innovative financial services to new markets while keeping back-office headcount flat
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International construction and engineering firm streamlines accounts payable invoice processing with OpenText
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Government organization delivers emergency financial assistance to hundreds of households during the COVID-19 pandemic
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Material technology company facilitates growth with 99 percent faster invoice processing from OpenText Vendor Invoice Management for SAP Solutions
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Global retailer drives sales with 50% faster goods-receiving processes, powered by OpenText Vendor Invoice Management for SAP Solutions
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Gas transportation company saves time and money with OpenText Vendor Invoice Management for SAP Solutions
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Food and beverage group streamlines invoice processing with OpenText Vendor Invoice Management for SAP Solutions
Learn moreExplore the components of the solution
Products
OpenText offers powerful solutions to streamline vendor invoice management for SAP environments.
- OpenText™ Vendor Invoice Management for SAP® Solutions Streamline SAP financial processes with vendor invoice management.
- OpenText™ Core Capture for SAP® SolutionsAutomate intelligent content capture for your SAP business processes
- OpenText™ Core Archive for SAP® SolutionsOptimize and control costs with efficient SAP data archiving.
Professional Services
OpenText Consulting Services combines end-to-end solution implementation with comprehensive technology services to help improve systems.
- Accelerate the Information Management journeyConsulting Services
- Get a trusted partner to guide your information management pathYour journey to success
- Reduce time to value with rapid implementationPackaged Services
Training
OpenText Learning Services offers comprehensive enablement and learning programs to accelerate knowledge and skills.
- Using Vendor Invoice Management for SAP Solutions: Invoice AutomationTailored course for business users
- Vendor Invoice Management for SAP Solutions: Invoice AutomationProduct training course
- What's New in Vendor Invoice Management - Digital LearningIntermediate product training course
