SAP VIM-An Open Text Vendor Invoice Management
Exactly what is SAP VIM?
The managing of vendors’ receipts inside a guidebook manner can result in mistakes in getting into the proper supplier title through the invoice, and thus it can cause wait in obligations from the client’s finish. The hold off in repayments further more results in far more figure to be compensated in the consumer on the vendor. To avert this time-ingesting process that may lead to absurd faults, VIM or Vendor Invoice Management is used. VIM is really a product of OpenText that is an include-onto SAP. It employs the OCR(Eye Character Acknowledgement) way of handling invoices of providers. You will visit know additional in regards to the operating of SAP VIM Open Text training below.
Working Of SAP VIM
The workflow of VIM is explained making use of the techniques below which can be
1.The invoice will probably be acquired through an email or pieces of paper or fax.
2.It will probably be scanned thereafter.
3.It will be then shipped to an archive web server where it will likely be saved like a file uniquely recognized by a 30 digit alphanumeric variety.
4.The above mentioned-saved file will be sent to SAP VIMwhere it will get scored as being a 12 digit hexadecimal amount that is also called DP amount.
5.To seize the info in the invoice it is delivered to ICC or Invoice Taking Center hosting server.
6.Soon after removal of the total data like merchant quantity, putting up day, deal with, and so forth, the record is delivered back to SAP VIM.
7.Thereafter, validation of information transpires, whereby it is inspected if there is any mismatching of web data or there may be any missing information, and so forth.
8.In the event of no different identified, the record will be delivered through MIRO(Motion in Sales receipt Out).
SAP VIM is principally good for automating the process of handling the vendor’s invoices which wouldn’t are already less difficult from the painstaking manual method.