Accounts Payable

Utilities companies may not be able to achieve cost efficiencies when customer transactions become clogged with paper, disconnected data and legacy processes. Typically, a high percentage of the clerical effort in a Utilities organization is spent on inefficient paper processes for transactions such as bill payments and collections management. Core Enterprise Resource Planning (ERP) systems often fall short when handling unstructured content alongside accounting transactions. As a result, organizations must find ways to scan, store, view, deploy and integrate unstructured data with core financial applications.

Meet your Business Goals

  • Automated processing of purchase order-based invoices
  • Tightly integrated with SAP

Key Performance Indicators

  • Reduce average number of processing days by 50 percent
  • Lower total cost of ownership (TCO) of SAP systems

OpenText helps you address these challenges with Enterprise Content Management (ECM) solutions for invoice processing, which provide a full Accounts Payable solution – from scanning in of invoices, electronic verification against order details and workflow routing, to authorizing individual and subsequent payment, with full management reporting of the process and the ability to spot errant behavior. The vendor invoice management component of the solution seamlessly integrates Accounts Payable, Procurement, Receiving and all areas of the company to streamline invoice processing, and uses imaging, workflow and best-practice design to dramatically increase A/P efficiency.

ECM solutions from OpenText for accounts payable deliver this functionality with the following components: