Accounts Payable

Streamline accounts payable processes through automated data capture and invoice routing

For most accounts payable (AP) departments, core business operations revolve around optimizing working capital and dealing with the inevitable volume of related paperwork that this entails. But AP department operations use resource-intensive and error-prone manual processes that increase costs, create employee inaccuracies and decrease efficiency. Inefficiency leads to neglected due dates, late fees and missed cash discounts on invoices.

In addition, you have to securely manage all related documents for future reference. Otherwise, you stand to lose substantial capital if you do not store documents according to government mandates. Paper files may help you comply with mandates but they also introduce more errors, inefficiencies, storage expenses and facility management issues. Despite these efforts, you stand a considerable risk of loss if litigation forces you to retrieve a specific document quickly and, in many cases, you must deploy massive resources to do so.

Your AP department must eliminate inefficiency, control spending and reduce risk to maximize cash flow and enhance profitability. The bottom line is that accounting needs to increase productivity by processing more invoices faster. Therefore, you must reduce anomalies, errors and variances in financial data. You also need to leverage information from your existing financial system, such as SAP® ERP Financials, PeopleSoft Enterprise, JD Edwards EnterpriseOne and World, and Oracle E-Business Suite.

OpenText ECM Suite Applications for Accounts Payable

OpenText ECM Suite applications for Accounts Payable are:

OpenText Accounts Payable for Oracle Applications reduces the cost per transaction of invoice processing through powerful invoice data capture and automated invoice routing. By seamlessly integrating with Oracle ERP applications, OpenText Accounts Payable solutions provide a robust image repository and workflow solution engine to streamline organizations accounts payable business processes. The three OpenText Accounts Payable products include:

OpenText Accounts Payable for PeopleSoft Enterprise

OpenText Accounts Payable for JD Edwards EnterpriseOne

OpenText Accounts Payable for Oracle E-Business Suite

• OpenText Vendor Invoice Management for SAP® Solutions is an add-on for SAP ERP that is built with SAP's Advanced Business Application Programming (ABAP) programming language. It works with SAP ERP to streamline Accounts Payable (AP) operations, by optimizing and simplifying the process of creating, managing, monitoring and routing purchase orders and invoices for AP personnel and vendors.