SAP delivers on Open Text reseller agreement

SAP has agreed to resell Open Text’s Vendor Invoice Management (VIM) and Invoice Capture Centre.

The announcement builds on the reseller agreement signed by the two companies last year to deliver additional choice and flexibility to customers who want to extend their SAP investments.

VIM known as SAP Invoice Management will target all industries and organisations interested in increased control and efficiency of their invoice-to-pay cycle.

“Open Text continues to demonstrate its importance as an SAP partner, adding value with its proven experience in enhancing document processing solutions,” said Tom Roberts, global vice president, Global Software and Technology Partners, SAP.

“By working together and expanding our reseller agreement to include invoice management, we are able to assist customers in transforming their finance functions in an efficient, more holistic manner.”

John Wilkerson, executive vice president of global sales, services and support, Open Text, said that through its reseller agreement, it can provide combined solutions that offer the kind of bottom-line value that’s essential in a tightening economy.

Open Text claims that some of the benefits organisations get from using VIM, include lower cost-per-invoice, improved on-time payment performance, improved leverage cash discounts, automated internal financial controls and reduced duplicate invoices and payments.

The OCR option for SAP Invoice Management is scheduled to be available in early 2009. The document-capture capabilities allow organisations to convert paper invoices into electronic form so they can be processed electronically at a lower cost.

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