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AP AUTOMATION
What is Vendor Invoice Management (VIM)?
SAP Vendor Invoice Management (VIM) by OpenText is an application that works with your SAP ERP systems to streamline your accounts payable (AP) operations. VIM optimizes and simplifies the process of creating, receiving, monitoring, and routing purchase orders and invoices for AP personnel and vendors. Through a user-friendly interface AP employees and vendors can collaborate to resolve problems, obtain invoice status, check purchase order numbers, and submit invoices.
OpenText Invoice Capture Center for SAP Solutions (ICC) further extends the VIM capabilities by adding on the feature to virtually automate the capture of paper invoices.
STEP 1
The Problem Statement
Manual invoice processing can cause serious risks to your enterprise, resulting in lengthy error-prone activities that leave you with poor visibility and open to exposure. Other challenges enterprises face include:
- High margin of error with manual data entry, resulting in incomplete and/or inaccurate data which exposes your company to risk
- Drain on resources, both internally and for vendors
- Challenges bridging the gap between structured information in SAP Business Suite applications and related unstructured information
STEP 2
The Solution
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- Cost per invoice is reduced up to 50%
- Early pay discounts can be easily captured and duplicate payments eliminated
- Provides predefined workflows with extensive baseline functionality, shortening implementation time and reducing deployment costs
- Ease and flexibility in approval of invoices
- Promote regulatory compliance with a well-managed process using pre-configured rules, roles, and actions
STEP 3
How Auritas Can Help
As a Silver Partner with OpenText we provide services for all versions and parts of OpenText Invoice Management for SAP Solutions. We work closely with your team to define your specific requirements while keeping you in scope, on schedule, and within your budget.
- Have a VIM project but don't have the needed expertise in-house? No problem, we've got you covered. We provide a wide variety of services including helping you build a business case, project blueprints, installation and configuration, integration with third-party software, professional services, testing, custom programming, go-live support, and post-go-live support.
- Running on an unsupported version of VIM? We can help you upgrade and migrate your existing projects so that you can continue to support core business functions.
- We provide a full range of services for OpenText products that are often used with SAP OpenText Vendor Management for SAP Solutions like OpenText Document Presentment for SAP, OpenText Extended ECM for SAP, and OpenText Archiving and Document Access for SAP.
