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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.

Read more about Vendor Invoice Management and Deloitte's approach to automatic tax code determination in this article.

Get in touch with our ECM for Finance experts

Sven Wylock

Sven Wylock

Director | Consulting | Technology

Sven leads the Enterprise Content Management (ECM) practice, covering advisory and implementation services on the full ECM value proposition. This includes linking the ECM world to SAP with a special ... More