![]() ![]() So, how do you get the most from your Vendor Invoice Management on SAP S/4HANA? Achieving a smooth and successful transition The software has now been upgraded to take advantage of the capabilities of the SAP S/4HANA business suite – a significant update considering that 54% of companies plan to deploy SAP S/4HANA in the next three years. Studies have shown that automation can cut invoicing process times from 20.8 to 3.8 days.įor many years, OpenText™ Vendor Invoice Management for SAP ® Solutions (VIM) has been a leading invoice management solution within SAP environments. Research from the Institute of Financial Operations found that 50% of invoices are still received by paper, 37% by e-mail, and 5% by fax, resulting in 92% of invoices requiring some manual input.īeing able to quickly and effectively digitize invoices and automate the entire invoicing process brings significant benefits to the enterprise. ![]() Working with vendors and suppliers is an excellent example. Despite your best efforts to digitally transform your business, it’s always worth remembering that some parts of your organization may yet have made the transition to fully digital. ![]()
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