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INVISTA

INVISTA Streamlines Accounts Payable Operations Using OpenText Vendor Invoice Management for SAP® Solutions

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INVISTA successfully implemented OpenText Vendor Invoice Management for SAP® Solutions to streamline and improve its process of managing vendor invoices.

OpenText’s Vendor Invoice Management for SAP Solutions has allowed us to streamline and improve our process of managing vendor invoices. We have seen a reduction in our cost-per-invoice and our percentage of overdue invoices has dropped each month since VIM went live. Our accruals are more accurate and less labor intensive and we’ve seen an overall improvement in our vendor relations.

Kathryn Palski, Global Project Leader, INVISTA

Challenge

INVISTA challenges included: excessive cost-per-invoice; difficulty in preparing accruals; missing discount opportunities; and a requirement to improve vendor relations

Product(s)

Value

INVISTA was able to reduce excessive cost-per-invoice. The company saw a drop in the percentage of overdue invoices and their accruals are now more accurate and less labor intensive. Relations with vendors has also improved.

About INVISTA

INVISTA is one of the world’s largest integrated fibers and polymers businesses with a global presence. The company delivers exceptional value for customers through market insight, technology innovations, and a powerful portfolio of some of the most recognized global brands and trademarks in their respective industries.