NEW AGE VENDOR INVOICE MANAGEMENT FOR SAP POWERED BY OCR
By Nayan Kurup
Vendor Invoice Management solutions for accounts payable processes are not new. There are a host of OCR based Invoice Management solutions available in the market. Some of these solutions are process efficient, while some provide superior OCR capabilities. However in todays age of web applications, organizations do not need generic solutions.
Let us try to understand what customers are looking for in new age software & further understand that in context with Invoice Management in SAP.
Lean
While SAP is moving from transactions to applications via Fiori applications, customers are getting used to more control of what they deploy & consume. Organizations are interested in slicing & dicing the bulky solutions into something that just about fits the need.
For AP processes, there are plenty of invoice management solutions available in the market. However, one major complaint from organizations is their OCR based solution is a great product, but it provides too many functionalities, rather way more than what organizations really need. This not only increases the total cost of ownership, but also induces restrictions in simplifying the AP invoice processing & settlement process.
Wouldnt it be nice to have a lean solution that fits the requirement while providing functionality that is absolutely necessary?
Fairly Customizable
Customizing enterprise application has always been an expensive and lengthy affair. Most of the SAP partner products come with high cost of customization and the customizations take long to deploy.
Result Organizations often have to compromise on flexibility and accept the solution with restrictions. As not many OCR based solutions are mature & stable, organizations often avoid implementing such solutions.
How would it be to have an OCR based vendor invoice management solution for SAP that comes with full customization feature?
How would it be if organizations dont have to worry about high customization costs & its impact on usability?
Smart
Having a stable, relatively accurate OCR based invoice management solution is not enough. In todays time of Machine Learning & Artificial Intelligence, it is important to have a product that is inherently error resilient. It is important that such OCR based invoice management solutions provide capabilities to avoid repetitive scanning/OCR reading errors.
It is not fair to have AP executives spend time on correcting same OCR scanning errors again & again.
How about having a solution that smartly detects if a scanning error has recurred, and correct it automatically?
Process Efficient
Process efficiency is a product of both functionally complete design and superior user experience. Any solution that is functionally complete, but not user friendly, would find it difficult to survive the competition. Alternatively, solution that provides superior commercial grade user experience but isnt functionally complete, would be rejected by customers.
Process efficient OCR based vendor invoice management solution is the need of hour. Majority of existing solutions are bulky or design restrictive. AP executives often complain of having to go through too many complex screens, multiple transaction codes before they complete booking vendor invoices into SAP.
How would it be to have an OCR based invoice management solution that is fully process efficient leading to timely payments to vendors?
Wouldnt your AP executive be happy if all they must do is one click to book the vendor invoice into SAP?
Power your Account Payable team with an intelligent Vendor Invoice Management solution for SAP that is not only process efficient, but also scores high on usability. Cassinis OCR & Machine Leaning enabled SIM is a lean and fully customizable accelerator that is integrated with SAP and helps reduce deployment time by upto 70%.
SIM is smart, intelligent, error resilient, process efficient, functionally complete, and delivers superior commercial grade user experience. It is a solution built with design thinking approach that takes human centered design to solve pain areas around OCR & Invoice management for SAP.
For more details on SIM, please click here
You may also drop us an email on support@cassinitech.com or call us on +91-915-6738-110 for more details.
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