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.
Whilst the primary function of the software is to streamline the existing SAP processes and to simplify the current invoice reading procedures, FIS/edc provides a range of other functions and toolsets to improve business operations.
The Customising toolset with FIS/edc provides rules and tables for all parked invoices. These tables can be modified to adapt with any new business procedures and people, and allow all invoices to be distributed to the correct AP users and invoice approvers.
FIS/edc also provides a comprehensive reporting suite to provide the AP team with the information to identify any “problem vendors” and to measure the first time matching rate for instance.
The document archive provides a way of securely storing the financial documents that have been processed which are presented within FIS/edc, as well as within the relevant SAP transaction screens.
If you require any further information in regards to how our technology can help to streamline your SAP invoice processing system, then please don’t hesitate to contact our dedicated team.
Phone: 01484 505731 | Email: info@fisuk.co.uk
