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ECM for Finance
In many companies, the Finance department stands synonym for manual processes and cumbersome paper flow. Enterprise Content Management offers solutions to enhance these Finance processes: through integration of transactional documents, easy access to reference documents and automation of the paper-to-digital conversion process.
Tax benefits of using OpenText Vendor Invoice Management for SAP Solutions
Most companies strive to achieve a “no-touch” process, where the invoices go straight from validation to posting. OpenText Vendor Invoice Management for SAP Solutions (VIM) focusses on just that, assisting your Finance department through advanced OCR of invoices and enhanced workflows in SAP.
However, one of the challenges to fully automate this process is the tax code assignment since this can’t be captured from the invoice. Deloitte Belgium developed a solution within VIM that addresses this specific issue.