This is a pre-packaged solution that offers two main flows: the PO flow and the non-PO flow. These are industry-wide best practices. FAST Invoice is designed for medium-sized enterprises to reduce cost of implementation and have a shorter time-to-deployment. The invoices are scanned, recognized and validated. The invoice then enters the OpenText Vendor Invoice Management for SAP Solutions (aka SAP Invoice Management by OpenText) workflow where the exceptions are handled. PO invoices are posted, while non-PO invoices are sent for approval. Once the invoice is approved, it is ready for payment.
- Standardize the template
- Recognizes 10 fields from the invoice
- Accommodates 2 flows: PO and non-PO
- Foresees 47 preconfigured exceptions
- Uses 11 roles
- Offers 37 process options
- Provides 5 standard audit & productivity reports