SAP Travel Receipts Management by OpenText
SAP Travel Receipts Management by OpenText is integrated with the SAP Travel Management solution to reduce the administrative workload associated with travel expense accounting. It also provides user-friendly functions that speed up the entry and processing of travel expense reports, and streamline accounting and reimbursement processes.
Highlights
Working with paper receipts is a particularly cumbersome activity for Finance departments, because extra time is needed to locate the receipts in folders and file cabinets, to sort and file the incoming paperwork, and cross-check the printed data with the electronic data in SAP Travel Management. This process gets even more complicated when receipts have to be sent from one location to another. An inefficient, time-consuming, and error-prone process means high processing costs.
As a self-service application for employees, SAP Travel Management together with Travel Receipts Management for SAP Solutions cuts administrative efforts substantially. It reduces the travel department's work load by avoiding double entries and liberates employees' time to focus on more strategic, value-added tasks.
Benefits
- Faster reimbursement of travel expenses to employees
- Reduced processing time and costs through employee self-service and single entry
- Simplified auditing
- Enhanced capabiltiy to prevent fraud
- Increased transparency of the overall travel management process
- Secure and cost-effective data storage
OCR Option for SAP Travel Receipts Management by OpenText
Did you know, that our OCR option uses the most advanced document and character recognition capabilities available to turn receipts into machine-readable information? Based on 30 years of experience and a sophisticated knowledge-base, it first classifies the receipt according to the expense type and then extracts all header and line item details that are necessary to include it into the expense report. Travellers no longer need to waste their time with manual keying. With OCR they simply take a photo of the receipts or send all receipts to a central scanning location.
Case Studies
Learn from your peers how they selected, implemented and run the different OpenText Suite for SAP solutions
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Complementary Solutions
Based on our previous experiences, organizations that have already deployed SAP Travel Receipts Management by OpenText have also found the following SAP & OpenText solutions of interest within their business:
Solutions for Touch-Less Accounts Payable
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Tighten Control and Streamline the Processing of Travel Expenses
The SAP® Travel Receipts Management application by OpenText is integrated with the SAP Travel Management application to reduce the administrative workload associated with travel expense accounting.
View Whitepaper ≫