FIS/edc Electronic Document Centerfis-uk.eu/wp-content/uploads/2016/05/FISedc-52016.pdf ·...
Transcript of FIS/edc Electronic Document Centerfis-uk.eu/wp-content/uploads/2016/05/FISedc-52016.pdf ·...
simplifying IT
Automated Document and Invoice Processing in SAP ERP
FIS/edc® Electronic Document Center
FIS/SMART Technologies: The Big Picture
FIS Information Systems develop a suite of innovative and integrated technologies to SAP standard
FIS SMART technologies provide additional functions, improving and tuning business processes
SMART innovations allow SAP users to work in a familiar SAP environment and also provide a
simplified view of the data via Web, Web Dynpro and Fiori Apps
Typical properties of FIS SMART technologies
include:
Deep integration within SAP ERP accessing
real-time data
The creation of additional FIS transactions to
tune processes as well as being able to
seamlessly switch between the FIS
environment and standard SAP functions
Simplified access to SAP data via Web Dynpro
(SAP’s own web application technology)
FIS Fiori apps enable applications to run on
desktop computers, tablets and mobile devices
FIS SMART technologies work within the SAP
environment but with enhanced functionality.
The users work in familiar GUI and therefore
the new functions are easy to learn and use.
No modifications are required to SAP standard
Automated Invoice and Document Processing
FIS/edc
Simplified Master Data Maintenance
FIS/mpm
Internet Shopping Solution
FIS/eSales
Cash Register Retail Solution
FIS/cash
Data Exchange and EDI engine
FIS/xee
Customer Relationship Manager
FIS/crm
Payroll Modelling and Revision Control
FIS/hrd
FIS Information Systems have developed more than 100 SMART technologies - deeply integrated
enhancements to SAP standard. As with SAP functional modules, the SMART technologies may work in
combination to create additional functions within the standard SAP environment.
FIS/edc: Overview and Financial Benefits
For organisations with SAP ERP who wish to save money by
automating payment processes and significantly reduce the degree
of manual data-entry and data comparisons
FIS/edc is a fully SAP ERP integrated
application utilised for advanced processing of
scanned documents and EDI messages.
The FIS/edc technologies are designed to
overcome the labour intensive tasks associated with
SAP invoice posting:
Manual entry of invoice data into SAP ERP
Printing of emailed invoices
Checking invoice figures with a calculator
Manually searching for invoice fields
Manual comparing invoice data with SAP data
Using email as a workflow for invoice exceptions
Physically sending the invoices to approvers
Storage of invoices, off line or on a non-
integrated storage application.
Introducing FIS/edc not only reduces invoice
processing time and costs, it also improves data
accuracy and provides an unparalleled automatic
posting rate i.e. posting of invoices in SAP without
human intervention.
FIS/edc utilises the data within SAP and enhances
the substantial investment that complements SAP
standard.
FIS/edc SMART technology suite includes:
FIS/fci — OCR invoice Reading software
FIS/edc (Invoice Monitor)
FIS/edc (Sales Order monitor)
FIS/edc (Document Monitor)
FIS/edc (Vendor Statement Monitor)
FIS/edc (Payment Advice Note Monitor)
FIS WebArchive — Secure Document Storage
FIS/edc: Intelligent Documented Reading with FIS/fci
Automated Document Reading from Day 1
Automatic Reading of Email Invoice Attachments
Intelligent Knowledge Base Population
Emailed Invoices
Invoices received via Email are ideal for reading
with FIS/fci. The invoices generally do not suffer
from poor scanning techniques or image quality.
Invoices are generally created from an output
from the vendors’ ERP/Accounts system and
therefore cleaner and easier for FIS/fci to read.
The attachments are automatically imported into
FIS/fci – no need for printing and scanning.
As an alternative to EDI invoice transactions,
the paperless processing of attachments runs
continuously in the background.
Paper invoices are scanned and the captured image
forwarded to the import module of FIS/fci.
Freeform Recognition Technology is employed
by FIS/fci to automatically seek key words and
regular expressions to find the required invoice
content automatically – irrespective of the invoice
layout, significantly reducing the data-entry tasks
of the accounts team.
The co-ordinates of the data positions are stored
within an intelligent knowledge base. The knowledge
base also stores the completion information from the
AP team to ensure that new invoices from the same
supplier will be read automatically. Using this
methodology, invoice completions are reduced as
the intelligent knowledge base becomes conditioned
with statistical data from larger invoice volumes.
FIS/edc: Intelligent Documented Reading with FIS/fci
Automated Document Reading from Day 1
Automatic Reading of Email Invoice Attachments
Intelligent Knowledge Base Population
Free-form recognition technology
allows key invoice data to be
extracted from the invoice without
the need for manually drawn
templates (for each supplier),
configuration or programming.
Fuzzy-technology compensates for
poorer scan quality and
incomplete / inaccurate data within
the SAP supplier master file.
Invoice data is validated and
checked for arithmetic agreements
between net, tax and gross
amounts as well as extracting line
level items.
FIS/fci comprehends invoices
presented in most foreign
languages and incorporates
country specific rules.
Many organisations extend the
invoice processing system to other
incoming documents – the Email
reading function delivers a
rewarding financial return as
minimal human intervention is
necessary.
Invoice data extracted by FIS/fci
undergoes stringent plausibility
checks prior to being transferred to
FIS/edc.
Recognition rates for invoices are increased as the intelligent
knowledge base becomes populated and the software accurately
lifts the invoice content based on the success of previous invoices
from the same supplier.
FIS/fci also has a reporting suite of functions to identifies suppliers
by volume and number of invoices read without human intervention.
FIS/edc (invoice monitor) Matching and Through Posting
Automated Posting Attempt for MM (PO reference) invoices
Worklist — query management in SAP environment for Accounts Team
Approval workflow (Web Dynpro) - including Goods Receipts
FIS/edc
(Electronic Document Center)
FIS/edc receives the data from
FIS/fci and then performs a
posting attempt in SAP ERP.
For a successful post, MM
invoices need to be balanced
against open orders and goods
receipts within pre-set
tolerances.
FI invoices are directly assigned
to individuals in AP (i.e. via
worklists) or to approvers (i.e.
via email to WebDynpro
workflow function). The rule-set
for invoice assignments is held
within the customising and
decisioning function of FIS/edc.
FIS/edc provides additional
functionality for AP users
including:
Automatic letter of rejection to
be sent to vendors with
persistent errors.
Accruals reporting for parked
invoices.
Invoice workflow status
management via traffic light
overview.
Pre-set approval workflows for
FI invoices depending on
vendor, value and content.
Comprehensive invoice history /
audit trail on all invoices.
The "Through-posting" Fiori app graphically displays the
percentage of automatically posted documents compared to the total
number of documents. The app also displays the through-posting rate
for selected top vendors to identify issues with vendor master-data or in
vendor invoice layouts This app supports the user in process mining and
is used to model process optimisation potential reports.
FIS/edc FIS Web Dynpro Approval Workflow - FIS Fiori apps
Simplified Approval Workflow
Presents Invoice Data in an intuitive ‘Web-form’
SAP Fiori technology for mobile devices
Approvers are normally alerted via
email that a new invoice has been
forwarded for review.
FIS Web Dynpro Approval Workflow
The Web Dynpro technology
environment provides a simplified view
of the invoice to the approver. The
approver is presented with the invoice
image, history and the reason for the
required action.
The approval workflow design provides a straightforward
decisioning GUI. Simple functions also allow the user to code and
receipt the invoice directly from within the approval process.
The ‘Approve Vendor Invoices’ Fiori app could also be used for
approvers with tablets, smartphones or desktop computers.
The FIS app supports the approval workflow for FI and MM invoices
and can be called via the SAP LaunchPad or as a directlink.
FIS/edc: SMART Technology Combinations
The FIS/edc solution can be extended beyond invoice processing – utilising the existing modules:
Sales Orders
Sales Order Confirmations
General Documents – Delivery Notes, Correspondence, Terms and Conditions etc
Payment Advice Notes
One-time vendors (CpD accounts)
whose details are captured with FIS/fci
are passed into FIS/edc. The new
vendor details are forwarded to an SAP
master data colleague.
Vendor statements are
emailed or scanned and
forwarded in the import
folder of FIS/fci. Statement
data is then read at the date
specified on the document.
The statement data is then compared to Vendor Account balances in SAP ERP. The VSM presents the
statements with unequal balances. VSM significantly reduces the workload of the AP team —
highlighting vendors with variant balances, reducing data-entry and manual checks for all statements.
FIS WebArchive provides a secure storage library of financial documents
process ed with FIS/edc.
The documents are presented in FIS/edc and also within relevant SAP screens.
Once the vendor has been confirmed, the invoice is then advanced
by the accounts team. The combined functionality of FIS/fci, FIS/edc
and FIS/mpm ensures that data quality is optimised and time
consuming data entry-tasks for vendor maintenance are minimised.
Combination of SMART technologies
Simplified New Vendor Maintenance
Secure Document Storage
FIS Information Systems Contact Details
FIS Information Systems UK Limited
One Central Park
Northampton Road
Manchester UK
M40 5BP
www.fis-uk.eu
T: +44 (0) 3333 20 80 30