Procurement

• Best Practices
• Brochures & Whitepapers
• Business Benefits
• Business Goals
• Customer Successes
• Open Text Services

• Purchase Order Changes
• Requisition Approval
• Vendor Selection

Open Text Solutions for Procurement: Business Goals

Procurement consists of a series of independent SAP transactions without an automated process flow and control. The need to access content outside of SAP and collaborate with parties that are not readily accessible results in excessive procurement cost. Eliminating non value-added activities, having instant access to all required content in electronic form, and having on-time collaboration among stakeholders is key to the procurement solution's cost-reduction success. A streamlined procurement process using predetermined, company-specific business workflow logic gets the right people involved at the right time with the right information.

It is in a organization's best interest to streamline and optimize the procurement process by providing easy access to required content and facilitating collaboration among key knowledge providers. Failing to measure and control the process can result in procuring the wrong products or services, higher cost of goods and services, excessive internal labor, and possibly violation of government or business financial regulatory requirements.

Open Text procurement solutions address the entire procurement cycle, from the Purchase Order to the outgoing payment. They eliminate manual and inefficient procurement process activities by capturing and managing content in electronic format and providing immediate visibility in an optimized business collaborative workflow. The solutions improve inventory control, reduce operational costs, and leverage your SAP investment. Time and costs are significantly reduced, allowing the procurement parties to engage in more value-added activities such as vendor selection and management, payment term negotiation and compliance to regulatory requirements.

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