ECM Briefs

We recently hosted a webinar with one of our customers, Energen. The focus of the session was on how Energen was able to dramatically improve its procure-to-pay process using Open Text’s vendor invoice management (VIM) solution.

Using VIM, Energen lowered the cost and time involved with paying invoices, and has freed up staff to take a more strategic view of vendor relationships. Turns out that even though the ERP system was working fine, there was a lot of content and manual processes that lived outside the ERP system.

While accounts payable is one of the most obvious areas for ECM solutions due to the paper and volume involved, there are many other areas where a packaged ECM solution makes sense. Helping customers to get more from there ERP investments is a strategic area of focus for Open Text, and something you’ll be hearing about in the coming months. For starters, this week we announced Vendor Invoice Management 5.1, and look for a lot more news at our LiveLinkUp user conference starting October 22 in Orlando, Fla.

The key trend we’re seeing is a lot of companies that have deployed ERP solutions, primarily from SAP, and are now looking for additional productivity gains. Moreover, many are looking for solutions that are affordable and offer ROI sooner rather than later. In today’s environment, long-deployment times are out, fast ROI is in. Makes sense to us.