SAP Travel Receipts Management by OpenText gives users of SAP Travel Management a full set of tools to eliminate the hassle associated with processing paper receipts. It integrates with multi-function devices, scanning applications, fax machines and email to make it easy to capture images of receipts. With mobile device support, travelling employees can simply use digital cameras or phones to capture receipt images. The digitized receipts are then stored in a repository and linked to appropriate trip information and accessible through standard SAP user interfaces.
The pay-off from fully automating travel receipts processing can be substantial. In a recent survey report entitled “Travel & Expensive Management Benchmarking,” PayStream Advisors writes that, “On average, a company spent approximately $22.15 to process an expense report, if the process was entirely manual. This was twice as much as the processing costs accrued by companies that are fully automated. Organizations that have some automation in place have been successful in driving down processing costs per transaction to $18.67, whereas companies that are fully automated and using an integrated system have a per transaction cost as low as $10.68.”
Beyond lowering costs, fully automated solutions such as SAP Travel Receipts Management lighten the burden on travelling employees since they can simply use email and self-service applications to submit receipts rather than having to prepare and mail paper receipts. In turn, because paper documentation no longer needs to be routed around, approval and processing cycles are shorter leading to quicker reimbursements. Should questions arise, managers have immediate access to a comprehensive audit of receipt source documents.
“SAP Travel Receipts Management by OpenText extends the SAP Travel Management value proposition by providing optical archival of digitized travel receipts and subsequent direct integration with SAP Travel Management,” said Hendrik Vordenbaeumen, Vice President, SAP Travel Management Solutions, SAP. “This is yet another example of the growing arsenal of business optimization tools provided jointly by SAP and OpenText designed with the goal of providing customers superior corporate efficiency.”
OpenText, SAP Partnership
About OpenText
OpenText, a global ECM leader, helps organizations manage and gain the true value of their business content. OpenText brings two decades of expertise supporting 100 million users in 114 countries. Working with our customers and partners, we bring together leading Content Experts™ to help organizations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness. For more information, visit www.opentext.com.
OpenText Forward-looking Statement
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SAP Forward-looking Statement
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Copyright © 2011 by Open Text Corporation. OPENTEXT and OPENTEXT TRAVEL RECEIPTS MANAGEMENT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.
Media Contacts:
Eying Wee
OpenText
Phone: 65 6594 2388
Email: eying.wee@opentext.com
Kavita Balakrishnan
Priority Consultants
Phone: 6338 1006
Email: kavita@changemandate.tech