Supplier Invoice Management System (SIMS)

SIMS-Supplier Invoice Management System is set to automate the complete Accounts Payable process from receipt of invoice till booking the invoices to ERP. SIMS can Integrate with any ERP like Oracle, JDE, Microsoft AX, GP, SAGE, SUN, etc., 3-way matching built-in ready for PO-based invoices, Smart coding facility for Non-PO-based invoices. In addition, COA enables configurable approval flow to route the invoices as per business needs.  

SIMS helps to reduce over 50% of your manual processing of invoices and achieve over 80% of early payment discounts, which can lead to over $1M in annual savings and lower your overall Accounts Payable processing by 60%. SIMS transform your Finance Operations by moving away from a day-to-day transaction-based business unit to a true strategic profit center and positively impact cash flow. 

Details

OpenText Supplier Invoice Management System (SIMS) powered by Muraai can help you: 

• Ingest content from anywhere seamlessly (i.e., Paper, eMail, Fax, EDI, and Portals) 
• Utilize ML to capture all types of documents.  A fully automated 3-way matching and exception handling are built-in ready for PO-based invoices.   
• Deploy “Smart Coding” for all your NPO-Invoices with AI 
• Set a platform that is scalable for all your Finance operations and beyond 
• Be a profit center and generate cash

Prerequisite:  

The following OpenText products are required to run SIMS:  

1. Capture Center/Intelligent Capture 
2. OpenText Content (ECM/XECM) or any other Content if the customer already owns it
3. Appworks   
4. Analytics (Complementary with Appworks)