Optimizing Settlement Processes and Boosting Operational Efficiency with OpenText solutions

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  1. xSuite Group: A Global Leader in Accounts Payable Invoice Automation for SAP

    xSuite has been featured among the 50 Best Companies to Watch in 2022 by The Silicon Review. The magazine’s list recognizes the most successful organizations in all categories, including products, services, operational cultures, and management styles.

  2. Harnessing AI for Efficient and Accurate Accounts Payable Processes

    more and more companies are turning to AI to help AP run more smoothly. Yet not all organizations are comfortable with this emerging technology. In fact, SAPinsider’s recent AI and Automation in Finance benchmark report found that just 31% of SAP organizations are actively using AI to bolster their invoice and payments processing solutions. Often,…

  3. Vendor Document Automation for Accounts Payable Processes

    Managing accounts payable and vendor invoice processing can be streamlined by applying automation. Reductions in human error, faster invoice processing times, and decreased labor costs are just some of the benefits that can be gained by using vendor document automation (VDA) software, which is offered as an add-on by many SAP certified suppliers. In this…

  4. 5 Reasons Your Controller Needs Accounts Payable Automation

    This video is hosted by SAPinsider and sponsored by Top Image Systems.  As the financial front line of your business, your controller values three things above all others: cash, control and compliance. Manual accounts payable processes threaten a Controller’s handle on the “Three C’s”. This threat increases the closer we get to a truly digital...…

  5. From Manual to Automated: The Benefits of Invoice Automation for Accounts Payable

    Join us for an exciting webinar on the future of accounts payable invoice automation, presented in partnership with SAPinsider. AP teams face increased pressure to do more with less in today’s fast-paced business world. Manual invoice processing can be time-consuming and error-prone, leading to delayed payments and strained vendor relationships. Recent SAPinsider benchmark research reveals that 76% of…

  6. Explore Alternative Payee Options in Accounts Payable

    It is often difficult for users to determine which payee option best fits their needs. Learn about all of the different options in detail, with comparisons and examples, so you can choose what will work best for you. Key Concept Within Accounts Payable, payments are issued to the address of the vendor. Alternative payees are used when...…

  7. Key Metrics for Reducing Errors and Cutting Costs in Accounts Payable

    ManagementSAPexperts/FinancialsMark Twain famously wrote that the three kinds of mistruths were lies, damned lies, and statistics. If he were alive today and analyzing the enterprise business world, he may well have added metrics to the list. The problem isn’t that companies aren’t using metrics, according to Jonathan Casher of Casher Associates, an accounts payable (AP)...…

  8. Explore the Payment Currency Option in Accounts Payable

    Learn how to use the payment currency function to pay vendors and customers who submit invoices in foreign currencies. Key Concept In an SAP environment you might have used currencies such as local currency, company code currency, or group currency. In addition to these currencies, SAP provides another currency called payment currency, which is little...…

  9. Fraud in Accounts Payable: Fake Invoices, Real Threat

    Accounts payable fraud is a common type of deceit that targets an organization’s accounts payable department, which is responsible for making payments to suppliers and other vendors. The impact of AP fraud on an organization can be extremely detrimental due to the scope and amount of money involved. In fact, according to a recent report…

  10. Simplify Your Accounts Payable Design: Eliminate the SAP Online Check Register!

    Disabling the A/P Online Check Register is possible and it has some real advantages. Doing so returns tasks such as cashing, voiding, and research to standard transactions in the G/L. As a result, you can achieve benefits such as simplification of reconciling to the bank’s records and making it easier to fix check-printing errors. The...…