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In today’s business processes, a large amount of time is spent on processing incoming documents. Not only is entering all these documents a very time consuming process, but in many cases this type of work also provides no added value to the company. Besides this, mistakes, loss of documents and inefficiency in the input process can lead to significant financial losses. It should be clear that this process is a key candidate for automation.
Automating document processing yields increased efficiency and reduction of costs. Additionally, it improves accuracy and reduces the risk of human error. A good and future proof document automation tool should leverage technologies such as artificial intelligence and machine learning to further improve the rate of automation.
When working with SAP, this is where SAP Vendor Invoice Management comes into play.
Out of the box, SAP VIM offers solutions for processing: