OpenText SAP Improves Data Accuracy and Operational Efficiency

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OpenText SAP Improves Data Accuracy and Operational Efficiency

Client Overview

A global leader and innovator in energy and industrial products.

Deployed Capabilities

Financial Advisory
Transformation

$72K Cost Recovery

Cost recovery of $72K due to adaptive project management and responsive financial oversight.

Operational Efficiency

New systems resulted in quicker invoice processing times, more accurate data capture, and fewer errors.

On Time and On Budget

Synergies created between departments and effective migration project management led to timely project completion under budget.

The
Challenge

Our client recognized an opportunity to enhance its financial operations. While their existing financial systems were functional, they realized that improvements were necessary to maintain their position as an industry innovator. Acknowledging the limitations of their current setup, including inefficiencies in processing, they reached out for support. They aimed to replace their legacy system and implement an OpenText SAP AP system. Driven by a desire for improved operational efficiency and accuracy, they secured our support and established a solid foundation for operational excellence and future readiness.

The
Custom 
Solution

Our specialist focused on two key projects – Core Archive Migration and Vendor Invoice Management (VIM) / Core Capture. This involved moving historical financial records to a new system, improving invoice handling, and introducing a more accurate OCR reader to interpret them. Along with these changes, a new portal for submitting invoices was rolled out. Detailed planning was at the core of this project’s success, with our specialist leading workshops, writing a functional design document, developing solutions for potential migration problems, and overseeing comprehensive training programs for our client’s staff.

The
Impactful
Results

The project was completed with considerable cost savings due partly to a strategic decision that recovered thousands for our client. The new systems led to quicker invoice processing times, more accurate data capture, and fewer errors. Furthermore, the overhaul included significant security upgrades, integrating enhanced cybersecurity measures. Cost recovery of $72,000 due to adaptive project management and responsive financial oversight. Synergies created between departments and effective migration project management highlight our ability to drive projects to completion on time and under budget.

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