FIS NEWS LOGO

2022 Releases: Integrated Software for SAP

00NewsTags: , , , , ,

2022 Releases: Integrated Products for SAP ECC 6 + S/4HANA

New Releases of the FIS SAP Integrated modules include:

FIS / fci - an advanced OCR application used for reading the key content of invoices, sales orders, payment advice notes, vendor statements. The application uses a machine learning knowledge base to improve recognition rates.

FIS / edc – Electronic Document Centre: An SAP “add-in” technology to accelerate data matching and the posting of invoices, sales orders, payment advice notes and supplier statements into SAP.

FIS / mpm – Master Data and Price Management. An SAP “add-in” technology for simplified maintenance of SAP Master Data with integrated validation checks and workflow solution – allowing data to be exchanged with SAP.

FIS / xee – XML and EDI Engine: A business system integration module that provides connectivity for information exchange between SAP and other ERP Business Systems.

FIS develop a complete suite of SAP integrated products (add-in applications) to provide business process improvements for organisations with SAP S/4HANA or SAP ECC 6. The FIS modules for 2022 releases are documented in the Download Centre.

For Product Roadmaps, FIS customers, please email your request to info@fisuk.co.uk

 

FIS NEWS LOGO

2021 Releases: Integrated Software for SAP

00NewsTags: , , , , ,

2021 Releases: Integrated Products for SAP ECC 6 + S/4HANA

New Releases of the FIS SAP Integrated modules include:

  • FIS / edc – Electronic Document Centre: An SAP “add-in” technology to accelerate data matching and the posting of invoices, sales orders, payment advice notes and supplier statements into SAP ECC 6.
  • FIS / mpm – Master Data and Price Management. An SAP “add-on” technology for simplified maintenance of SAP Master Data with integrated validation checks and workflow solution – allowing data to be exchanged with SAP ECC 6.
  • FIS / xee – XML and EDI Engine: A business system integration module that provides connectivity for information exchange between SAP ECC 6  and other ERP Business Systems.

FIS develop a complete suite of SAP Integrated products to provide business process improvements for organisations with SAP S/4HANA or SAP ECC 6. The FIS modules for SAP S/4HANA are continually being developed and their 2021 releases are documented in the Download Centre.

For Product Roadmaps, FIS customers, please email your request to info@fisuk.co.uk

 

How FIS Technologies Complement SAP Processes

00BlogTags:

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.

More info

The Processes Behind FIS/edc

00BlogTags:

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.

More info

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

00BlogTags:

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.

More info

How SAP Standard Processes Are Streamlined With FIS/edc

00BlogTags:

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::

More info

FIS/edc Solution Extentions Beyond Invoice Processing

00BlogTags:

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.

More info

artificial intelligence robot checking data

Automated Invoice Postings for SAP

00HomeTop, Products, SAP Invoice ProcessingTags: , , , , ,

Automated Invoice Posting with SAP

Deeply integrated with SAP, FIS technology automates the posting of invoices and provides efficient tools for the management of invoice exceptions and queries

saving time saving money

FIS / edc (electronic document centre) is an SAP certified technology add-in that automates the processing of invoices and other documents such as credit memos, sales orders, customer payment advice notes and vendor statements with minimal manual intervention.

The automated invoice posting technology reduces manual tasks and eases time pressure on the accounts team. As a result, the administration burden is taken away from businesses.

Our software processes integrate with SAP to generate  financial savings as documents are processed automatically (no touch processing) and queries are handled more efficiently than with SAP standard.

The software is installed on the same IT infrastructure as SAP with no modifications to SAP standard required. The add-in technology works with the SAP database so that information is presented in real-time.

The integrated technology also includes additional functions to make business more efficient - specifically for the accounts team and invoice approvers.

FIS / edc (invoice monitor)

FIS / edc (invoice monitor) is normally paired with our automated data entry application. Combining these two technologies facilitate the posting of a high percentage of invoices in SAP without the involvement of the accounts team resulting in an unmatched "blind-booking" rate (no touch processing).

The application is further enhanced with the email invoice reader, which eliminates the need for printing or scanning of invoices sent as email attachments.

Invoice data for PO related invoices is compared to the open PO data and goods receipt data from SAP at item-line (position) level. A 3-way match, within a given tolerance, allows invoices to be posted automatically.

Approval Workflow

The Invoice Monitor supports several workflow functions including a workflow application running on the Web Dynpro platform, which allows approvers to action the invoice with forwarding and account assignment functions.

Invoice approval may also be completed from mobile devices and desktops via a FIS Fiori app. This solution provides a simplified workflow design for tablets, smartphones and desktops.

For organisations:

  • Wishing to automate the vendor payment process and make savings when booking invoices into SAP
  • Requiring a substantial increase in the quality of the supplier invoice data
  • With a substantial SAP ERP investment who are looking to enhance the payment processes and make financial and time savings
  • Reduce the degree of manual keying and administration tasks within the current process
  • Wishing to make digital transformations in their current processes

Alternative to:

  • Standard SAP ERP module
  • Physical movement of financial documents
  • Manual keying of data with no validation checks
  • Printing and scanning emailed invoice attachments
  • Using email as a workflow tool

Technologies:

  • FIS / edc has versions for both SAP ECC 6 as well as SAP S/4HANA
  • Flexible import of invoices via OCR and EDI
  • Line matching (MM) of invoice data with SAP data i.e. open orders and goods receipts in real time.
  • Automatic account assignments
  • Workflow options using SAP standards Web Dynpro and Fiori apps
  • Reporting tools to identify issues and bottlenecks to assist with further process improvements
  • Transparency and history audit for each invoice
  • Deep SAP ERP integration with worklists for accounts payable users
  • Presentation of EDI transactions as a standard PDF

Benefits:

  • Higher productivity of accounts payable teams with more functions in a familiar SAP standard GUI, freeing up time from repetitive tasks
  • Faster supplier payments - meeting corporate specific service levels
  • Invoice image displayed in FIS/edc and workflow modules as well as SAP ERP
  • Harnesses the intrinsic power of SAP ERP
  • Integrated into SAP but with no need for modifications to SAP ERP standard - quick enhancement pack and upgrade changes
  • Data stored once in SAP database - no data exchanges with external software
  • High blind booking rate - particularly for emailed invoices
  • Efficient interrogation tools for exceptions / query management
  • High financial return on investment
  • AP team directed to more value-added work as FIS/edc automates labour intensive tasks
  • Reduction in long invoice processing times
  • Transparency and visibility of the entire P2P process

fis customers

 

 

 

 

 

 
Metallic jigsaw puzzle with an outstending golden piece - 3d render

SAP – Business Process Optimisation

00HomeTop, SAP Invoice ProcessingTags: , , ,

SAP Business Process Automation

Business process optimisations can be created by running proprietary add-in technologies from FIS. No modifications to SAP standard are required. All FIS products have releases that optimise business processes in both SAP ECC6 and SAP S/4HANA.

SAP - Business process automation software. ERP enterprise resources planning system concept on virtual screen.

FIS Information Systems add-value to our clients by creating technologies that enable business process optimisations in SAP. FIS have a 30 year history as an SAP GOLD partner and are recognised as the leading developer of SAP add-in applications.

FIS create proprietary applications that run on SAP standards such as Fiori Apps, SAP Web Dynpro and SAP GUIs. This ensures that adoption rates are quick for employees already familiar with SAP.

Digitised Business Process Improvements: One of the key tasks for every company today is to automate business processes and minimising manual tasks where appropriate. Those organisations who enhance processes effectively are also able to improve data quality as well as generating cost savings.

FIS software simplifies tasks by bringing together information and documentation required for decisioning in one location.

Managing the processes is made easier with a dashboard overview of the current status and tools to highlight bottlenecks and pressure points.

  • Processing times are shorter
  • Idle times are identified
  • Errors are recognised and corrected
  • Processes are recorded and made transparent

Automation saving time and money: FIS develop a comprehensive range of SAP add-in technologies. These deeply integrated technologies to SAP ERP standard (SAP ECC and SAP S/4HANA) create additional functionality to automate business processes in SAP, therefore enabling financial savings and providing more effective tools for SAP users.  The applications run on the existing SAP ERP IT infrastructure.

FIS Business Process Optimisation Technologies include:

Automated Invoice Data Reader (FIS / fci): FIS / fci (free-form collection and integration) is a technology that reduces time consuming task of manual data-entry when processing invoices. The software automatically extracts the key content of documents imported such as an email attachment or from a scanned image.

FIS / fci incorporates "free-form recognition" technology, multiple-OCR engines, "fuzzy" matching of data, an intelligent machine-learning knowledge database - to read invoice data automatically from day-one.

Automated Invoice Posting and Workflow (FIS / edc): FIS / edc (electronic document centre) is an SAP add-in product to improve invoice processing in SAP. Typically the integrated technology is utilised to automate first-time match rates for invoices. In addition, routing of invoices is configured so that invoices can be  approved via FIS workflow applications running on SAP Web-Dynpro or Fiori apps.

FIS / edc works with real-time SAP data with enhanced tools for processing invoices prior to exporting to SAP.

diagram showing S/4HANA infrastructure in memory processing for business process optimisation

Automated Matching of Vendor Statement or Payment Advice Notes: The technology is utilised to automate the comparison of incoming statements (from vendors or customers) with balances in SAP ERP.

FIS / edc (statement monitor) is an SAP add-in product that reduces the number of documents reviewed by the accounts team - highlighting "exceptions" compared to vendor/customer data on SAP ERP.

Automated Processing of Orders  FIS / edc (sales order monitor) converts an inbound customer order into an SAP sales order with or without a reference (e.g. quotation).

The supply chain process such as order confirmation, shipping notification, goods issue and billing documents can be triggered immediately.  Customer orders that do not pass the “plausibility checks” successfully are highlighted and post-processed in the monitor.  

  • Automatic posting of customer orders (OCR or EDI data records)
  • Overview of all purchase orders received
  • OCR image or EDI data visualisation as PDF form
  • Full integration in SAP with all order processing functionalities
  • Quick error analysis with intelligent message log
  • Direct communication due to integrated email system
  • Post-processing option in the split screen display with direct access to scanned and archived customer orders.

SAP Master Data and Price Management: FIS / mpm  is a simplified SAP centred application add-in that is utilised by all employees tasked with master data maintenance of materials, price and conditions, vendors, customers and bill of materials.

The FIS / mpm add-in has built-in duplication checks and defined roles for initiators and master data custodians.  FIS / mpm is an SAP add-in product that runs on SAP standards such as SAP GUI and SAP Web Dynpro.

Cross Company Electronic Transactions: FIS / xee provides organisations with a tool for electronic data exchange between SAP, internal systems, and import/export with external suppliers and customers.