Vendor Invoice Management with SAP

Reduce payment bottlenecks with SAP Invoice Management by OpenText! Get step-by-step instructions for setting up this vendor invoice management (VIM) application to work with both SAP ERP and SAP S/4HANA. Then see how to run your key VIM processes with machine learning: invoice receipt, verification, exception handling, approvals, and more. From preparing for an implementation project to modifying the user experience, this practical guide takes you through the entire process. Make troublesome invoices a thing of the past!

• Configure and use SAP Invoice Management by OpenText with SAP ERP and SAP S/4HANA
• Run your invoice receipt, posting, and exception handling workflows based on business rules and roles
• Manage invoice KPIs using reports and dashboards

In this book, you'll learn about:

Configuration

Learn how to set up SAP Invoice Management, step by step. Walk through creating business rules, building custom roles, defining actions, and other key configuration steps.

Functionality

Run your VIM processes! See what SAP Invoice Management can automate, including data enrichment and task assignment. Then get instructions for your manual tasks: resolving exceptions, parking invoices, approvals, and more.

Reporting

Improve visibility into invoice status and operational resource expenditure, and collect data for process improvement. Explore data visualization tools and see how add-ons help meet compliance requirements.

Highlights include:

• Invoice receipt
• Business rules
• Business roles
• Exceptions
• Posting invoices
• Approvals
• Reporting
• Machine learning
• User experience
• Implementation project

About the Author

Matthias Niessen is the senior manager of the OpenText ecosystems strategy for finance and procurement excellence. Matthias is passionate about helping organizations use digital technologies to optimize critical business processes, eliminating risk and maximizing outcomes. During his more than 23 years at OpenText he has focused on engineering, consulting, and marketing leadership roles. Matthias has a master’s degree in physics from Hamburg University, where he researched complex systems using quantum field theory.

Heather Reina is a senior content developer with OpenText Learning Services. She has more than 25 years of experience in developing, deploying, and teaching SAP software. For the last ten years, she has created global curriculum for OpenText’s suite for SAP solutions, including SAP Invoice Management, SAP Extended ECM, and SAP Information Capture.

Mark Travers was a senior enterprise architect lead at SAP, where he worked with domestic and global customers on more than 125 SAP Invoice Management by OpenText deployments for both SAP S/4HANA and SAP ERP. He has experience with industries such as manufacturing, financial services, retail, oil/gas, chemicals, hi-tech, aerospace, telecommunications, utilities, and the public sector. Mark also has extensive architectural and technical experience with implementing SAP Invoice Management with the Ariba Network and within the Central Finance environment.