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Proceed Content Solutions The Nexus Building, Broadway Letchworth Garden City SG6 9BL T: +44 (0)121 729 5058 [email protected] www.proceedgroup.com OPENTEXT™ VENDOR INVOICE MANAGEMENT FOR SAP ® ACCELERATES THE COMPLETE PROCURE-TO-PAY AND ORDER-TO-CASH PROCESS [email protected] www.proceedgroup.com

OPENTEXT™ VENDOR INVOICE MANAGEMENT FOR SAP

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Page 1: OPENTEXT™ VENDOR INVOICE MANAGEMENT FOR SAP

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Proceed Content SolutionsThe Nexus Building,Broadway Letchworth Garden CitySG6 9BL

T: +44 (0)121 729 [email protected]

OPENTEXT™ VENDOR INVOICE MANAGEMENT FOR SAP®

ACCELERATES THE COMPLETE PROCURE-TO-PAY AND ORDER-TO-CASH PROCESS

[email protected]

Page 2: OPENTEXT™ VENDOR INVOICE MANAGEMENT FOR SAP

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09STEP NINE

INTRODUCTION

CONTACT US

it is important that your back-office all document-centric SAP processes objectives. The way to do this is to ensure all processes are optimised, integrated, and

y, this is not the case in many businesses.

A recent study by analyst Harvey Spencer found that up to 80 percent of supporting documentation for invoice processing remains manual, resulting in unnecessar y, error prone data entr y. It is time to eliminate the words “time-consuming” and “labour intensive” from your organisation’s vocabulary.

Let’s look a bit deeper at the challenges faced:

(coming)

In a world where there is a focus on digital transformation, cost savings and business growth, it is important that your backoffice activities including, all document-centric SAP processes supports these objectives. The way to do this is to ensure all processes are optimised, integrated, and automated as best as possible. Sadly, this is not the case in many businesses.

A recent study by analyst Harvey Spencer found that up to 80 percent of supporting documentation for invoice processing remains manual, resulting in unnecessary, error prone data entry. It is time to eliminate the words “timeconsuming” and “labour intensive” from your organisation’s vocabulary.

Let’s look a bit deeper at the challenges faced:

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01THE CHALLENGE

- High cost of paper document

“Nearly 80% of all incoming invoices are still paper-based” - The Hackett Group

- Too many exceptions

“15% of invoices have exceptions” – TAPN

- Lack of compliance:

“$4.6 million in contract leakage per billion in spend on average.” - The Hackett Group

“80% of early payment discount opportunities missed” - Ariba

- Lack of control

CHALLENGES TO OPTIMAL DOCUMENT PROCESSING

SOME SPECIFIC INCLUDESOME SPECIFIC EXAMPLES INCLUDE

High cost of paper documentation:Any manual handling, sales order resolution and dispute processing is error prone that can result in wastedtime and unnecessary costs.

“Nearly 80% of all incoming invoices are still paper-based” - The Hackett Group

Too many exceptions:Resulting in delays in cycle times, reduced productivity and increase time on depute resolution.

“15% of invoices have exceptions” – TAPN

Lack of compliance:Without a clearly defined business process and a documented audit trail, the business is put at risk.

“$4.6 million in contract leakage per billion in spend on average.” - The Hackett Group

Lack of control:Through inefficiencies businesses miss out on early payment discount opportunities and highly skilled staffare kept dealing with status updates due to a lack of transparency.

“80% of early payment discount opportunities missed” - Ariba

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02THE SOLUTION

WHAT IS OPENTEXT™ VENDOR INVOICE MANAGEMENT FOR SAP®

ENTERS DOCUMENTS FROM ANY SOURCE

AUTOMATES INVOICE DATA EXTRACTION

OPTIMISES THE REVIEW AND APPROVAL PROCESS

LEVERAGES DESIGNATED WORKFLOWS

AUTOMATES INVOICE ROUTING AND SORTING

GENERATES REPORTS

DRILLS DOWN INTO DETAILS

PRODUCT FEATURES

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02THE SOLUTION

BENEFITS DELIVERED THROUGH OPENTEXT™ VENDOR INVOICE MANAGEMENT FOR SAP®

ACCELERATE OPERATIONS

BOOST PRODUCTIVITY AND REVENUE

PROMOTE COMPLIANCE AND PREVENT FRAUD

EXPANDS CUSTOMER SATISFACTION BY AUTOMATING SALES ORDER PROCESSING

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03IMPLEMENTATION AND SUPPORT

your specific business needsrecommended route

OpenText™ Vendor Invoice Management for SAP®

WHY PROCEED GROUP?

HOW WE CAN HELP YOU

NEXT STEPS

- OpenText Silver Service partner over 20 years’ experience working

- variety of markets, sectors

- flexible and dynamic

- Consultation call and Product demo

- Solution tailoring recommendation

- Deployment and configuration

Proceed Content SolutionsThe Nexus Building,BroadwayLetchworth Garden CitySG6 9BL

T: +44 (0)121 729 [email protected]