MaxECM implements OpenText™ Vendor Invoice Management for SAP® (VIM) at European electronics company
Miami, December 2018 – MaxECM Solutions LLC, a boutique software and service provider for SAP ECM and Opentext solutions, has successfully implemented OpenText™ Vendor Invoice Management for SAP® Solutions (VIM) version 7.5 SP7 to automate accounts payable processing in SAP at a large European electronic component manufacturer.
The company produces electronic components for automotive parts and has plants and offices throughout Central Europe and China. Vendor invoice processing is completed in four main locations in Central Europe and China with an average annual volume of 200,000 documents.
OpenText™ Vendor Invoice Management for SAP® Solutions (VIM) is the leading accounts payable automation solution for SAP, which optimizes and simplifies the process of receiving, managing, routing and monitoring invoices and related documentation.
The implementation included all VIM 7.5 core functionalities, such as invoice capture via scan, email, and EDI/IDOC, DP dashboard validation and processing, non-PO invoice approval, dialog and background posting, and PO payment block processing, with invoices, credit memos, and down-payments in scope. Inbound channels are using optical character recognition (OCR) with OpenText™ Business Center 16.3.1.
In addition to baseline functionality, MaxECM has implemented complex custom approval strategies for invoices without purchase order (NPO), plant-level data enrichment, special bank data and tax code validation, and complex newly created logic modules.
Imaging functionality was provided by OpenText™ Archive Center for SAP and Business Center Capture 16.3.1.
For more information, please contact MaxECM at firstname.lastname@example.org.
MaxECM Solutions LLC (“MaxECM”) is a leading boutique software and service provider for SAP and OpenText enterprise content management (ECM) serving customers globally to provide effective, tailored solutions in the areas of SAP document management as well as process automation and workflow.
To find out more, please go to www.maxecm.com.