OpenText Vendor Invoice Management for Tata Sky. Know More
Customer Profile:
- One of India’s largest Media/DTH Companies.
- Over 10 million subscribers with coverage for over 36,000 towns across India.
Challenges & Opportunities:
- No central location of receiving and processing invoices, hence no clear picture about pending liabilities and bottlenecks.
- Lot of offline correspondence and approvals in AP that are not documented or recorded in the system.
- Non-standard business rules for invoice approval and processing.
- Periodic reporting and reconciliation was problematic.
- Many issues in handling 3-way matching and associated exceptions.
- No digitization of invoices and associated documents.
Solution Highlights :
- Advisory services to design and setup SSC for AP/P2P operations, including handling transportation invoices.
- Implemented OpenText Vendor Invoice Management including Invoice Capture Center for OCR.
- Solution cut across various departments with order to pay process variations for post-facto and pre-facto invoicing.
- Solution catered to various invoices sizes with huge number of supporting documents.
- DMS setup for both AP and non-AP documents.
Benefits :
- Lower invoice cycle time from 7 to 2 days.
- Reduction of FTE in AP by 3 people in < 1 month.
- Scalability to process 4x growth in invoices.
- Improved visibility over current liabilities and AP process bottlenecks.