iRetPlat: Success Story Siemens Energy
In the case study, Siemens Energy (Power and Gas) based in Berlin move away from the manual paper processing of returnable equipment transactions to the iRetPlat platform from FIS iLog. The cloud based solution saves Siemens employees significant time and effort and provides a collaborative, transparent and single view of stock levels and balances for both suppliers and logistics partners.The manual processing of supplier invoices can be time consuming and expensive, meaning that businesses are using up time that could otherwise be spent in a more productive capacity. Businesses are continuously exploring new methods to make their procedures more efficient, in order to reduce operational costs whilst not compromising on the quality of outcomes. Improvements in business processes and making them more economical is a strategic vison for all enterprises.
With SAP standard the processing of supplier invoice processing entails a significant amount of manual work and human interaction. The current standard process mean that the AP team could be wasting a lot of time on manual tasks that might be better with assigned to technology.
FIS Technology Significantly Reduces Operational Costs within Accounts Payable Departments
July 21, 201800BlogMost enterprises have an intention to process their supplier invoice payments in an economical manner and to ensure that the Accounts department is running efficiently. Businesses want to keep their operational costs low still provide high quality data. Organisations are continuously looking at methods to lower costs and business improvement processes.
For supplier invoice processing, the time-consuming tasks of the manual work combine result in costs that could be best served with technology alternative. The FIS invoice processing technology, FIS/edc, provides a cost-effective solution to the existing manual tasks, which save businesses time and money and offer more reliable results. The technology significantly reduces the cost of processing supplier invoice payments and allows the Accounts Payable team to run more efficiently – with more time to perform more valuable tasks.
New Q3 2018 Releases for FIS SAP-Integrated Technologies
FIS SAP-Integrated products are technology modules that work with SAP ERP Standard, accelerating and simplifying business processes – additional functions that work with SAP ERP.
The technologies work with SAP ERP standard and functionalities are presented in standard SAP GUIs – including FIori apps.
FIS Introduce new releases for SAP ECC 6 annually in July and SAP S/4 HANA in January.
FIS Warehouse Expertise – SAP Extended Warehouse Management
SAP EWM is a standalone Warehouse Management Application and is part of SAP’s Supply Chain Management suite. The existing SAP WM (Warehouse Management) module will be discontinued in 2025 and completely replaced by SAP EWM. The FIS proposition for warehouse management is a hosted platform based on SAP EWM (Extended Warehouse Management) with further FIS add-on applications – FIS/xee (FIS xml and edi engine) and FIS ewm+ (Extended Warehouse Management template). The key advantages of the FIS solution includes:
- A single partner (SAP Gold Partner) with expertise in SAP application hosting, project management, warehouse management implementations and support
- Expertise in the configuration of the SAP EWM platform
- FIS ewm+ provides a reduction in implementation times through template delivery (i.e. configuration based on a “typical” warehouse – and then minor customisations for individual warehouses)
- Simplified user Experience (UX) – based on SAP Fiori apps
- Fast in memory database – SAP HANA
- Accessible with permissions based access for all users
FIS have a warehouse management consultancy capable of building specific warehouse management infrastructures and are able to “host” the application with FIS ASP. SAP EWM has core warehouse management functionality shared with the current SAP WM supporting all processes in the logistics supply chain. In the SAP EWM solution offers additional flexibility in areas such as:
- Specific Warehouse Structures
- Picking and Packing
- Handling Units
- RF (Radio Frequency)
- Barcode Technology
SAP EWM includes the following functions as standard:
- Activity Areas
- Work Centres
- Resources
The integrated functions and business processes within SAP EWM offer a high level of process and inventory transparency, a precise view of warehouse steps, efficient distribution and storage methodology. The typical return on investment of an EWM implementation typically ranges from 12 to 36 months from the effective date of use. EWM implementations result in qualitative and quantitative benefits such as fewer product handling steps, improved productivity, significant reduction in errors as well as better inventory control and accuracy.