Revolutionize sourcing and procure to pay with autonomous, supplier-centric solution
Transform sourcing, procurement, and accounts payable (AP) with autonomous, supplier-centric solutions that drive sustainable ecosystems. Integrated with SAP BTP and OpenText VIM, while offering its own full-featured AP automation, Velocious enhances performance within your SAP environment.
Overview
Unlock seamless compliance
Customers can stay ahead of evolving e-invoicing and changing regulatory guidelines by leveraging superior automation functionalities, ensuring smooth compliance across global markets.
Achieve procurement excellence
Customers can optimize indirect procurement with tailored solutions for statement of work-based services, in addition to direct procurement. By leveraging data-driven insights, they can accelerate decision-making, enhance control, ensure compliance, and deliver measurable returns to their business.
Drive efficiency with accounts payable invoice automation
Customers can eliminate inefficiencies and fraud by integrating autonomous accounts payable invoice automation feature. With out-of-the-box localizations and data-driven insights, businesses enhance sourcing strategies, ensuring scalability and growth.
Details
Solution type
Extensions and Add-ons
Industry
Consumer Products, Aerospace and Defense, Automotive, Chemicals, Cross-Industry
Compatibility
Works with
Features
Accelerate sourcing with RFQs and reverse auction
Optimizes sourcing by simplifying RFQs and reverse auction processes. It enables customizable RFQs, easy supplier engagement, multilevel approvals, and real-time bid management with embedded chat to drive faster, better and more informed procurement decisions.
Enhance supplier experience
Enables efficient invoice upload and management, real-time purchase order visibility, and automated advance shipment notices. Ensures accurate order acknowledgments, transparent invoice status tracking, and seamless query management for enhanced communication and streamlined supply chain operations.
Automate supplier onboarding
Automates supplier onboarding and ensures seamless compliance with local regulatory requirements. Collects data like goods and services tax, permanent account number, etc., integrates with government portals for tax validation, and creates vendor records in your enterprise resource planning system.
