Are invoice processing functions draining your time and resources? For most companies, invoice processing is a manual effort – consuming your organization's and vendors' resources.

Manual processing and resolution efforts involve time-consuming historical research, communication with vendors, process documentation, requests for additional information from multiple parties, manual routing, and the labor-intensive process of monitoring and providing update reports on the status of unpaid invoices. Cash discounts are routinely missed, and due timelines may overrun – leading to additional workload from handling supplier inquiries.

The SAP Invoice Management application by OpenText can help you resolve these challenges. Integrated with the SAP ERP application, SAP Invoice Management streamlines accounts payable (AP) operations. The application optimizes and simplifies the process of creating, managing, monitoring, and routing purchase orders and invoices for AP personnel and vendors. It processes invoices more efficiently and quickly and automatically routes problem invoices for resolution, approval, and payment.

With SAP Invoice Management, you can manage invoices through SAP ERP. So AP employees and vendors can collaborate to resolve problems, obtain invoice status, check purchase orders numbers, and submit invoices. Unlike other vendor invoice management solutions, SAP Invoice Management is completely integrated through the SAP NetWeaver technology platform to ensure seamless incorporation of data and business rules from your SAP solutions.

Benefits of SAP Invoice Management

These are just some benefits you can gain with SAP Invoice Management:

• Minimize invoice processing time
• Manage cash flow better
• Support shared-service delivery
• Accommodate large invoice volumes through scalability
• Provide immediate visibility of liabilities
• Facilitate regulatory compliance

To operate a well-run business, your company must process vendor invoices in a timely, accurate, and efficient process. SAP Invoice Management helps you manage invoice processing, meet critical payment and compliance deadlines, and avoid risks related to inaccurate business information.