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SAP Invoice Management by OpenText Reviews & Product Details

JM
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Review source: Organic

SAP Invoice Management by OpenText Overview

What is SAP Invoice Management by OpenText?

SAP Invoice Management helps you digitize end to end processing of vendor invoices. The solution enables businesses to meet critical payment and compliance deadlines, reduce the time it takes to process invoices, and take advantage of early payment discounts. SAP Invoice Management also offers a robust hybrid solution that is tightly integrated with SAP S/4HANA and Ariba Network.

SAP Invoice Management by OpenText Details
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Product Description

SAP Invoice Management helps you digitize end to end processing of vendor invoices. The solution enables businesses to meet critical payment and compliance deadlines, reduce the time it takes to process invoices, and take advantage of early payment discounts. SAP Invoice Management also offers a robust hybrid solution that is tightly integrated with SAP S/4HANA and Ariba Network.


Seller Details
Seller
SAP
Year Founded
1972
HQ Location
Walldorf
Twitter
@SAP
301,811 Twitter followers
LinkedIn® Page
www.linkedin.com
125,049 employees on LinkedIn®
Ownership
NYSE:SAP
Phone
+1 (800) 872-1727
Total Revenue (USD mm)
$27,338
Description

Our business analytics solutions close the gap between transactions, data preparation, analysis, and action, so you can make more informed decisions.


David S.
DS
Overview Provided by:
Digital Customer Advocacy Manager, OpenText

Recent SAP Invoice Management by OpenText Reviews

raghubir s.
RS
raghubir s.Enterprise (> 1000 emp.)
5.0 out of 5
"SAP OT VIM"
I like the process flow most simple, user-friendly, easy to go, and time-saving, which makes this product the best in the business.its sets the ban...
Meenakshi S.
MS
Meenakshi S.Enterprise (> 1000 emp.)
4.0 out of 5
"OpenText VIM is a well-managed process using preconfigured rules, roles and actions"
Optimized integration of an invoice automation solution into SAP ECC/ S/4HANA on Premise. It provides higher productivity in Accounts Payable and ...
Suneel T.
ST
Suneel T.Enterprise (> 1000 emp.)
4.5 out of 5
"VIM SME for multiple complex end to end implementation projects"
Automatic exception raising ,invoice routing to responsible roles. Excellent Reporting features especially VIM analytics for end to end status c...
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SAP Invoice Management by OpenText Media

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Video Reviews

11 out of 12 Total Reviews for SAP Invoice Management by OpenText

4.3 out of 5
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G2 reviews are authentic and verified.
Suneel T.
ST
OpenText Consultant
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about SAP Invoice Management by OpenText?

Automatic exception raising ,invoice routing to responsible roles.

Excellent Reporting features especially VIM analytics for end to end status checking along with all the details.

OCR extraction and logic modules and Z-constant user exists for data automation. Review collected by and hosted on G2.com.

What do you dislike about SAP Invoice Management by OpenText?

No option to skip & open the next invoice in Validation client.

Line items tab in indexing screen, difficult to select correct line items manually if PO has multiple lines. it should be like MIRO lines, there should be a refresh button and it should delete unselected lines similar to SAP MIRO. Review collected by and hosted on G2.com.

What problems is SAP Invoice Management by OpenText solving and how is that benefiting you?

Duplicate invoice identification, knowing the exact status of invoice and with whom it is pending and for what reason.

Multiple levels of approvals for Non-PO based invoices.

Automatic invoice image linkage to MM and Accounting document. it actually help non VIN users to view the invoice copy attached for the posting documents. Review collected by and hosted on G2.com.

Meenakshi S.
MS
Business Manager
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SAP Invoice Management by OpenText?

Optimized integration of an invoice automation solution into SAP ECC/ S/4HANA on Premise.

It provides higher productivity in Accounts Payable and increased flexibility in cash management by reducing the time until invoices are free for payment.

Regulatory compliance through a well-managed process using preconfigured rules, roles, and actions considering country-specific regulations Review collected by and hosted on G2.com.

What do you dislike about SAP Invoice Management by OpenText?

It cannot show the simulation of accounting entries similar to FB60/MIRO.

Opentext Validation client is not very user-friendly. It works on a first-come, first-serve basis, which creates problems when you have many documents in the queue and an urgent one is in the middle of the queue Review collected by and hosted on G2.com.

What problems is SAP Invoice Management by OpenText solving and how is that benefiting you?

It has enabled the multi-channel input for digital and non-digital invoice formats like scanned paper invoices, PDF invoices attached to emails, EDI invoices, network invoices, and so on, including integration of the SAP® Ariba® network based on SAP’s built-in interface with Ariba.

It has streamlined invoice management by providing insights into the invoice life cycle. Review collected by and hosted on G2.com.

Recharla J.
RJ
Senior Consultant
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SAP Invoice Management by OpenText?

We implemented SAP OT VIM 16.3 to our customer, I have observed below pros and cons.

Pros:

- Use OCR to scan.

- 3-way matching.

- Exception handling.

- Complete control on vendor invoices, since money is going out once the invoice is free for payment.

- PO line item can be determined easily which material code is different.

- Non-PO invoice handling has excellent features using Char of authority.

- NPO - approval has good control in terms of cost center/profit center.

- NPO - Level-based approval, which is also a good thing in SAP OT VIM.

- Archiving functionality central reports which are good.

- Also, OT VIM can be integrated with SAP SRM Review collected by and hosted on G2.com.

What do you dislike about SAP Invoice Management by OpenText?

Cons:

- Cost to the customer is bit heavy.

- Miantaince charge also more, since SAP OT VIM has both technical and functional things together and it's not so easy to get resources with both technical and functional.

- If you buy OT VIM license from SAP, we can only reach out to the SAP not directly to the OpenText, I feel issue resolution may take a longer time. Review collected by and hosted on G2.com.

What problems is SAP Invoice Management by OpenText solving and how is that benefiting you?

- I think I described them in above as section as pros; however, I can add a couple of here.

- 3-way matching concept

- Exception handling and DP goes to VIM workplace for review, I see good sign for firm has full control on vendor invoices if there are any discrepancies.

- This can be integrated with EDI/Ariba/SAP SRM/SAP IDoc etc. Review collected by and hosted on G2.com.

Akshay K.
AK
Associate Product Manager
Small-Business(50 or fewer emp.)
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Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SAP Invoice Management by OpenText?

The process cycle of invoice generated can be easily tracked

Reporting functionality

Data parsing

supplier management Review collected by and hosted on G2.com.

What do you dislike about SAP Invoice Management by OpenText?

How does it works for B2B SAAS product? I could not find the recurring invoice generation option

In B2C A dashboard to provide for each order with the status that can be easily visible to the users(UX change) Example: Provide option of tasks- Ordered->Confirmed->Invoiced->Delivered->Ack where we can easily reach out to concerned POC. I found this at the end of the cycle but to understand easily on where the lag is, it is important), This can be placed in orders listing

- How do we notify users? Email is one form but to understand better, I see companies are using text messages and WhatsApp with a link to download instant invoices which can be provided as an option to users.

- Documents that the supplier needs to provide are in manual form.

- Verification of received order items can be automated

- Can be more user friendly to use Review collected by and hosted on G2.com.

What problems is SAP Invoice Management by OpenText solving and how is that benefiting you?

Supplier collaboration is easy

Insights on the invoices Review collected by and hosted on G2.com.

raghubir s.
RS
Senior Consultant
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SAP Invoice Management by OpenText?

I like the process flow most simple, user-friendly, easy to go, and time-saving, which makes this product the best in the business.its sets the banchmark in sap market. Review collected by and hosted on G2.com.

What do you dislike about SAP Invoice Management by OpenText?

As such, I didn't find any problem with this, but yes, we have to improve the workflow and OCR, and the Business center. apart from that, I didn't find anything Review collected by and hosted on G2.com.

Recommendations to others considering SAP Invoice Management by OpenText:

OpenText would be highly recommended by a sap consultant as a sap invoice management product is terrific. If you want a one-stop solution for your day-to-day sourcing issue, you must go and avail this product by OpenText. Review collected by and hosted on G2.com.

What problems is SAP Invoice Management by OpenText solving and how is that benefiting you?

I used to solve day-to-day user knowledge and process-related issue and workflow quire daily monitoring of ICC/BCC process improvement, which includes major or minor enhancements. Review collected by and hosted on G2.com.

Dhanraj B.
DB
Analyst
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about SAP Invoice Management by OpenText?

SAP invoice management tools are a more efficient and automated platform. It reduces manual work and provides extra productivity. Using this solution we can make timely payments to our suppliers. Review collected by and hosted on G2.com.

What do you dislike about SAP Invoice Management by OpenText?

It is a bit expensive solution we have if we compare it with another platform. Its helpful for medium and large industries, especially in the manufacturing sector. Not more practical and cost-effective for small enterprises. Review collected by and hosted on G2.com.

Recommendations to others considering SAP Invoice Management by OpenText:

I strongly recommend it. As it will surely reduce manual processes and streamline work. Its one of the best solutions currently we have in the market. Review collected by and hosted on G2.com.

What problems is SAP Invoice Management by OpenText solving and how is that benefiting you?

As its digital process, its provides good productivity and time-saving. It designed very well. We can esily co-ordinate with each stakeholder as its very much transperent. Review collected by and hosted on G2.com.

Habeel M.
HM
Procurement Specialist (Operations)
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SAP Invoice Management by OpenText?

It's easy to use, User Friendly and Very efficient

Every detail is saved and shared

Can be extracted to any sheet required for reports

Tell you everything about the invoice status Review collected by and hosted on G2.com.

What do you dislike about SAP Invoice Management by OpenText?

There's technically nothing to dislike

SAP as a tool is very efficient.

I've used it for about 7 Years and i know how good it is for the department and the organisation Review collected by and hosted on G2.com.

Recommendations to others considering SAP Invoice Management by OpenText:

Use it Review collected by and hosted on G2.com.

What problems is SAP Invoice Management by OpenText solving and how is that benefiting you?

It's easy to use, User Friendly and Very efficient

Every detail is saved and shared

Can be extracted to any sheet required for reports

Tell you everything about the invoice status Review collected by and hosted on G2.com.

Verified User in Pharmaceuticals
UP
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SAP Invoice Management by OpenText?

I enjoy this invoice management system more than arriba. Being able to have your invoices in the system instead of via email is easier to keep everything and one place. Review collected by and hosted on G2.com.

What do you dislike about SAP Invoice Management by OpenText?

This is the greatest system I've came across in the SAP program. SAP keeps improving through the years. I appreciate this system trying to improve the previous challenges in SAP. Review collected by and hosted on G2.com.

Recommendations to others considering SAP Invoice Management by OpenText:

Yes easy to learn system. Review collected by and hosted on G2.com.

What problems is SAP Invoice Management by OpenText solving and how is that benefiting you?

As explained, the order requisition, and the invoice all in one place is easier to maintain during procurement audits to show which items have been paid and which are unpaid. Review collected by and hosted on G2.com.

Verified User in Semiconductors
CS
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SAP Invoice Management by OpenText?

Out of box workflows for vim. It has ICC which is ocr tool. Development is really faster as it covers most of the use cases. This tool is also approved and sold by sap. Review collected by and hosted on G2.com.

What do you dislike about SAP Invoice Management by OpenText?

Costing. This is expensive tool. Opentext products information is not available on Google this makes development little difficult as tribal knowledge is limited to few. Review collected by and hosted on G2.com.

What problems is SAP Invoice Management by OpenText solving and how is that benefiting you?

Vemdor invoice management is used in one of major semiconductor giant. It scans the invoices and workflow made the life for the business. It's ocr is powerful amd trained properly. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
CI
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SAP Invoice Management by OpenText?

It's pre configured rules and roles. Automated invoice generation Review collected by and hosted on G2.com.

What do you dislike about SAP Invoice Management by OpenText?

Configurations and lack of manuals for assistance in resolving issues and supporting customer Review collected by and hosted on G2.com.

Recommendations to others considering SAP Invoice Management by OpenText:

Good for large scale customers and industries dealing with their high end clients Review collected by and hosted on G2.com.

What problems is SAP Invoice Management by OpenText solving and how is that benefiting you?

Managing the delivery unit sales and orders from customers. Project quotation and confirmation from customer about the project delivery Review collected by and hosted on G2.com.