OpenText Solutions for Procurement: Business Benefits

OpenText solutions for procurement create an integrated business process to procure goods and services in a paperless and compliant environment. It allows you to process payables throughout their lifecycle, improve inventory control and better manage cash flow.

Benefits include:

• Easy access to relevant content for exception resolution
• Reduced procurement process costs and operational costs
• Reduction in FTE labor required to procure goods and services
• Improved inventory control
• Improved cash flow management
• Improved supplier relationship and service levels
• Compliance control related to financial transactions
• Improved audit visibility of procurement process