How SAP Integrated Technologies Function

00BlogTags: March, 20

FIS develop a suite of SAP-Integrated technologies that can be utilised to improve processes for organisations with SAP ERP. FIS technologies are designed to simplify and automate existing SAP business processes.

FIS/edc is an FIS technology that is designed to streamline invoice and accounts-document processing in SAP standard. FIS/edc works in conjunction with the OCR Invoice Reading Software, FIS/fci, providing an automated and more economical method of processing accounts-documents in SAP ECC 6 or SAP S/4HANA.

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Organisations That Benefit From FIS/edc

00BlogTags: February, 20

FIS/edc is an SAP Integrated technology – engineered to streamline and improve the efficiency of a business document processing. The plugin is fully integrated into the existing SAP ECC or SAP S/4HANA environment, meaning that there is a reduced requirement to train employees already familiar with SAP ERP.

The software comes with a range of benefits that can have a positive impact on a variety of industries and their business operations. FIS/edc is installed onto the same IT architecture as SAP, however no modifications to SAP standard will be needed in order for the plugin to function.

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The Toolsets Available With FIS/edc

00Blog January, 20

FIS/edc is designed to improve the efficiency of invoice and statement processing for organisations that run SAP ECC or SAP S/4HANA. The plugin is seamlessly integrated into the existing SAP environment, and significantly reduces the need for manual data-entry and human intervention meaning that invoices are posted more economically than with SAP standard.

FIS/edc comes with a range of benefits through its automation of supplier invoice processing, such as saving businesses valuable time and money, as well as increasing the quality of data that is being transferred into SAP. The software works alongside FIS/fci to check and validate invoice data prior to a “posting attempt” in SAP.

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How FIS Technologies Complement SAP Processes

00BlogTags: December, 19

FIS offer a number of technologies which are fully integrated into SAP standard and offer additional functions to improve existing business processes. Over 100 SAP add-on technologies have been developed by FIS, and each one is designed to integrate seamlessly with SAP ERP (SAP ECC6 or SAP S/4HANA).

The technologies include SAP integrate add-ons for Internet Shopping Solutions, Simplified Master Data Maintenance and Document Processing. A major benefit of the technologies is that no modifications to SAP standard are required, and they are intended to enhance and complement the processes already existing within SAP.

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The Processes Behind FIS/edc

00BlogTags: November, 19

The FIS/edc system comprises technologies that are used to automate, and efficiently process documents such as invoices, vendor statements, sales orders and payment advice notes with minimal human intervention. The software can save an enterprise time and money, as it reduces the need for manual data-entry, and provides accurate and reliable data transfer to SAP standard.

FIS/edc is designed to securely and reliably deal with processing scanned documents, emailed attachments and EDI invoices, and it is deeply integrated with SAP ERP. The technology plugins are designed to make SAP processes more effective and economical.

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How Can Technology Be Utilised to Read Supplier Invoices and Other Finance Documents

00BlogTags: August, 19

In any business process within an organisation, there is always a drive to make procedures more efficient, more effective, reduce operational costs and improve outcomes. The same drivers can be applied to the task of manual keying and data-entry tasks, when processing supplier invoices into an organisation’s Financial / ERP software.

Previously, an administrator would manually key-in the relevant information from a physical paper invoice into an ERP or Financials software. This task can be quite labour-intensive and likely to incur human errors.

Some larger invoices with many pages and several invoice lines can be very time consuming to administrate.

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Invoice Reading FAQs: Part 2

00BlogTags: August, 19

Q: We receive an increasing number of invoices via email as attachments, do we have to print these and then scan – it sounds like a lot of work?

No, FIS/fci can take the attachments and process them without the need for scanning. This is an ideal solution because invoice data can be extracted without any human intervention.  In addition, the invoices are normally created directly from an ERP system and this makes the reading of the invoice data easier as fidelity and accuracy is not lost through the scanning process.

Q: What about recognition rates, how many invoices need manual corrections?

There can be a large variance in recognition rates and this is largely down to factors such as whether header (i.e. supplier, PO number, invoice number, total net etc) or lines (description, unit cost, number of units, net cost of line etc) are required. Typically rates of 90% + are common. The knowledge database always improves the recognition rates from the initial free-form recognition methods. FIS/fci uses a form of machine learning – becoming more accurate at reading data as the number of invoices increases.

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Invoice Reading FAQs: Part 1

00BlogTags: August, 19

Q: The data on the supplier invoices is different for every supplier?

FIS/fci is designed to search for the required invoice data for every supplier – irrespective of the layout. The “Freeform Recognition” software works for of different invoice layouts for each supplier.

Q: How does the software know that the document is an invoice?

One of the first checks the software performs is to identify if the word invoice (or a translation of the word invoice – facture, fattura, faktura, rechnung etc) is present. The system is also able to recognise different company codes by a look-up of a reference file from the ERP system.

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Simplifying and streamlining Invoice Processing with SAP ERP

00BlogTags: , August, 19

The FIS/edc plugin is an add-on technology to SAP standard that is engineered to streamline the processing of supplier invoices, ensuring that invoice data is more accurately read whilst simultaneously reducing the overall cost of the business process.

The FIS/edc solution provides intelligent processing from start to finish, significantly diminishing the degree of human intervention – taking the cost out of the process.

For MM invoices with agreement with the SAP data no manual checking is necessary and the invoice could be posted automatically. The system also flags any deviations between the vendor invoice data and the SAP invoice data (PO and Goods Receipt) including variations of price, quantity and deliveries.

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How SAP Standard Processes Are Streamlined With FIS/edc

00BlogTags: January, 19

The existing SAP standard invoice processing methods involve a large amount of human interaction. FIS/edc is a plug-in that works within the current SAP environment, and streamlines the invoice management experience so that businesses can operate more efficiently.

FIS/edc is one of a number of SAP integrated technologies developed by FIS and offers additional functions to simplify SAP processes. Installing FIS/edc comes with a range of benefits::

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Increasing The Efficiency Of Existing SAP Business Processes

00Blog October, 18

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.

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Time Saving Technologies for Accounts Departments with SAP.

20Blog August, 18

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.

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FIS Technology Significantly Reduces Operational Costs within Accounts Payable Departments

00Blog July, 18

Most 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.

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How FIS Technology Can Boost Efficiencies in SAP ERP

00Blog June, 18

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

00Blog May, 18

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

00BlogTags: April, 18

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

00BlogTags: April, 18

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.

00BlogTags: March, 18

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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