How FIS Technology Can Boost Efficiencies in SAP ERP

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In SAP standard, the manual processing of supplier invoices can consume a lot of time and effort. Invoices arrive in different formats which then have to be manually captured and checked before they are sent for payment authorisation.

The SAP standard system results in valuable time being lost, as the invoices may have In SAP standard, the manual processing of supplier invoices can consume a lot of time and effort. Invoices arrive in different formats which then have to be manually captured and checked before they are sent for payment authorisation.

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How Shared Service Centres Can Benefit From Invoice Reading Technology

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Over the past decade, there has been a significant rise in the number of shared service centres (SSC) being formed. The Accounts Payable Team within these centres are posed with a number of challenges on a daily basis. The use of manual data entry can decrease the efficiency of the SSC and also potentially introduce keying errors that result in inaccurate data being introduced to the ERP/Accounts software.

There are many organisations that are attempting to set up SSC’s with less expensive labour costs. The use of invoice reading technology is becoming increasingly popular, as it is an important method in which SSC’s can improve the accuracy and accelerate the throughput of their invoice data in a cost-effective manner.

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RTP Platform – New Functions and Background Processing with SAP / ERPs

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RTP Platform – New Functions and Background Processing with SAP / ERPs

FIS iLog have extended the range of potential application tiles with their ground breaking returnable platform - iRetPlat. In addition, the platform can be updated with RTP bookings from ERP/Accounts software directly (not just SAP ERP) and in the background - this means that the user will be able to identify the quantities of all returnables at different partners.
Access to the platform can be multi-partisan and allow collaborations between customers, suppliers and other satellite location sites. The Fiori app facilitates the user to view:
  • RTP stock levels at main and satellite sites
  • RTP balances with partners (suppliers and customers) and other sites
  • RTP balances with distributors and the subsequent balances with end-users
  • Workflow of " queries/contested RTP volumes" with partners
  • Reports for booking summaries within a given time frame
  • Notifications from Customers (i.e. new deliveries required)
The app has been designed to be used by booking clerks - and replaces the need to check stock levels and transport balances using spreadsheets. The platform can also be opened up to customers and suppliers to agree (or otherwise) on RTP deliveries. The platform provides a centralised open-platform - providing a single view of RTP stock levels, transactions and balances - taking the cost out of more traditional processes.

Accounts Payables Team Benefit From an Integrated SAP Solution for Invoice Processing

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With SAP standard, invoice processing is generally labour intensive and has several inherent inefficient practises. Also, the reliance on manual data-entry tasks means that the standard system could be receiving inaccurate, miss-keyed data. FIS/fci is a technology which has been designed specifically to read invoice content automatically and includes validation checks to ensure that all data fields are feasible, complete and in arithmetic agreement.

The FIS/edc (invoice monitor) is a deeply integrated SAP ERP invoice processing solution referencing live SAP data – no modifications are required to SAP standard. The FIS/edc invoice monitor solution is fully integrated into the existing SAP environment using standard SAP GUIs but with additional functionality to assist with quicker postings on invoices.

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FIS/edc Solution Extentions Beyond Invoice Processing

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FIS/edc is an automated Invoice and document processing technology created by FIS. The technology is designed to streamline and to improve the efficiency of the existing SAP standard with regards to invoice processing and deeply integrated into SAP ECC standard. No modifications are necessary to SAP ECC. FIS/edc works within standard SAP GUIs and therefore minimal training is required for employees already familiar with SAP standard.

The FIS/fci component reads the data from incoming invoices, extract the relevant data and then passes the information to FIS/edc. The solution significantly reduces the need for human intervention, ultimately saving businesses time and money with the additional benefit of improving data quality.

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SAP Process Improvements for Invoice Payments with Operational Savings.

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The accounts payable department is a necessity for most enterprises – generally viewed as an operational cost – and therefore needs to be run as economically as possible. In an ideal world, the department would generate a high volume of invoices processed per person with short invoice posting times and have checks and balances to ensure high data quality.

Even with SAP ERP, the process of supplier invoice payment can be expensive, with many tasks requiring a lot of manual effort. Invoice posting is usually time-consuming. Process inefficiencies are often identified by intuition rather than with real supporting evidence.

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New Release Dates for FIS SAP-Integrated Technologies – ECC 6 and S/4HANA

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New Release Dates for FIS SAP-Integrated Technologies – ECC 6 and S/4HANA

FIS Information Systems normally release new versions of their product ranges (for business process improvements in SAP) on an annual basis. The licences for the new releases (which include new features and bug fixes) have previously available in January to all FIS customers who invest in a support and maintenance contract.

New Release dates annually in July and February
For new version of technologies running on SAP ERP – the 2018 release will now be available July 2018. This means that the 2017 versions of products such as FIS/edc (invoice monitor) will be extended by six months. Every new release date for SAP ERP technologies will now be in July.

SAP S/4HANA compatible releases of FIS technologies will now available annually in February.

A graphical summary:

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FIS Partner H&S – SAP Certified Document Archive

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FIS Partner H&S – SAP Certified Document Archive

H&S has been an FIS Information Systems GmbH partner for more than 5 years and have extensive knowledge and project experience for more than 25 years. H&S are located in Vienna, Austria (Headquarters), Schwabach (Germany) and St Gallen (Switzerland). H&S InPoint content Server is an SAP Certified Product and utilises the standard SAP ArchiveLink for repaid retrieval of invoices and other financial documents from FIS/edc and SAP transactions. Functionality of H&S inPoint ContentServer for SAP (inPoint CSS

  • Certified SAP ArchiveLink(TM) interface
  • inPoint CSS is certified by SAP as an archive link software solution
  • In Point CSS stores images from FIS/edc monitors (scanned documents and emailed attachments). The images can also be viewed through SAP (i.e. MIRO MIR4) transaction
  • inPoint CSS is able to set a retention time for archived images, after this period it is possible to delete the image.
  • inPoint CSS can also store other SAP related documents
  • Administration is possible with SAP Basic Know how
  • Supports all archiving methodology
  • Supports all SAP Releases form SAP R/3 onwards
  • Document view with SAP—Standard features
  • Support and legal archiving and certified for several WORM storages