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Leverage Velocious Source To Pay Platform
Leverage Velocious Source To Pay Platform

Velocious Source to Pay Platform is a full-featured solution for Sourcing, P2P, and auction processes.

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Drive significant cost reductions via automated supplier engagement

Improve supplier Relationship

With self service mode , supplier has all key information available 24*7, thus enabling greater satisfaction and relationship with suppliers.

Reduced costs

With features like early payment discounts, sourcing events, query management, etc. helps to reduce the operational costs

Improve Visibility

The supplier has full visibility at all necessary levels across the Source to Pay process.

Quick Turn Around on Queries

Currently, the supplier raise their queries on calls and emails. By providing the access to the information and query management capabilities on portal , the time to get the queries answered gets reduced

Smooth Onboarding Process

The supplier fills the onboarding form which ensures that all the information updated is accurate. Also eliminate paper-based forms and supporting documents as the portal allows supplier to upload all supporting document during onboarding

Improve Efficiency

Invoices uploaded by the Suppliers seamlessly flows to the invoice processing application (VIM, ReadSoft), so this ensures that invoices are processed immediately and are not stuck with user departments.

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Velocious Source To Pay Platform

Most enterprises recognize that active and meaningful engagement with suppliers is key to success. Benefits include accelerated time to market, improved margins and reduced risks. Best in class organizations recognize that this is a highly collaborative relationship. They have supplier portals that include advanced functions including onboarding / self-registration, workflows and OCR functionalities. When information exchange takes place in a timely manner, this brings about significant improvement in supplier engagement.

Velocious source to pay enables automation of supplier related activities and provides a single source of truth for both customer and supplier including for shared service environments, and also reduces cost of procurement via Reverse Auctions and Supplier Bill discounting modules.

Our product improves supplier discovery via comprehensive supplier information management with configurable and easy to deploy workflows, brings down implementation time by 40% for Invoice Portal (from about 4 months to 2.5 months) and 20% reduction for S2P and P2P via out-of-box integrations with leading AP Invoice Automation solutions, and is also easy to adopt (intuitiveness) with minimal training requirements.

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Velocious Source to Pay – Key Capabilities

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Fully automated downstream processes for Procurement

Accounts Payable Invoice Automation

  • Bring down your AP processing costs
  • increase process agility
  • ensure compliance with AP Invoice Automation Solutions
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Shared Service Automation

  • Consolidate and standardize your operational processes.
  • Design the most optimal business processes for your shared services
  • Deliver significant returns via automation
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Awards

Testimonials

“As part of OIL’s digital journey, the invoice management process shall be standardized and the process workflow digitalized to improve team productivity and leverage process automation across the invoice management lifecycle through the Invoice to Pay solution”
Sushil Chandra Mishra
Oil India Limited  - Chairman and Managing Director
“Avaali's expertise in OpenText VIM support and upgrade helped us manage our VIM project efficiently, stay compliant, reduce downtime and keep running things smoothly."
Rahul Yadav
Compass Group  - Head - Digital & Technology Business Solutions - Asia Pacific & Middle East
Digitization was the key requirement for KPTL. We had challenges due to diversified operations at 150+ site offices in India and 30+ countries outside India. After the implementation of OpenText VIM, we’re having much better control over our Accounts Payable process. We’ve now built in the maturity in our processes within KPTL with this solution and are well prepared to take the next leap, to centralize Accounts Payable across the Kalpataru Group.
Ketan Parikh
CIO, KPTL
As a result of this implementation, we have been able to reduce our invoice processing time significantly by 75-85%, it is now down to 1-2 days from an earlier 7-day invoice processing cycle time. We have also now achieved about 55% touchless invoice processing within 4 months of the go-live of the VIM solution. Using VIM reports, we have a good visibility on the liabilities and bottlenecks, thus enabling the business and management to have better control over the whole process and faster decisions. With this solution Avaali has implemented standardized invoice processing rules across locations, thus enabling better governance of the end to end process
ALKANE PATEL
(Implementation of OpenText VIM by Avaali for Bidco, Africa)  - Head of IT, Bidco, Africa
With the implementation of OpenText Archiving and Document Access for SAP, MAS saw vast improvements in performance and an immediate reduction and an additional benefit in managing storage and its costs to a certain degree. The archiving helped with savings of close to 150 GB of data and the migration of approximately 200 GB of data helped improve system performance substantially. The project also helped us mitigate legal liability through proactive content lifecycle management.
Imran Mohamed Ali
MAS Holdings  - Head of IT Infrastructure and Support
We went live in just 3 1/2 months and the solution has resolved our issues by providing us a platform for automated and standardized invoice processing. Tata Sky's accounts payable users are very happy using this solution and we have been able to gain a 70-percent increase in efficiency in our Shared Services Center.
VIKAS KAPOOR
(Tata Sky solves accounts payable challenges with OpenText and Avaali, reducing invoice processing time by five days)  - VP OF FINANCE AT TATA SKY
“At Nayara Energy, we made a definitive move from fragmented, laborious, and time-consuming accounts payable process to implement SAP Vendor Invoice Management system. The platform not only helped us improve efficiencies, enhance productivity, simplify operations, and most importantly, helped in eliminating bottlenecks. The multi-level approval approach that this platform brings ensures more control on systems and significantly improves the cycle time. The smooth and successful implementation of the platform has resulted in achieving timely closure of books and appropriate governance and records management.”
Parthasarathy S
Nayara Energy  - Chief Accounting and Transformation Officer
After the implementation of OpenText Vendor Invoice Management for SAP Solutions, we have much better control over our Accounts Payable process. Control & Visibility over open GI-IR has increased. Invoice processing is much more efficient. We’ve finally overcome the challenges of invoice copy retention, retrieval and cross-department sharing. We’re now well prepared to take the next leap and centralize Accounts Payable across the Group. Avaali as a partner with strong knowledge in this space has added immense value in the form of smooth implementation and support!
Nikunj Thaker
(Intas Pharmaceutical Limited)  - DGM - IT
At Nayara Energy, we are accelerating towards strategic growth. To enable the same, we have been unlocking several finance transformation initiatives that are truly changing the way work is done and are bringing about value across the enterprise. One such initiative is the implementation of SAP VIM and through this implementation, we are ensuring process excellence along with improved productivity. The true value of the implementation was realized during the COVID-19 lockdown period as the tool Nayara Energy Case Study allowed greater flexibility and remote accessibility. The platform by ensuring our vendor ecosystem continues to trust Nayara Energy as we facilitated processes without compromising on timelines, with a firm view on compliance and controls.
Anup Vikal
Nayara Energy Limited  - Chief Financial Officer
With this solution, we saw a reduction in our storage as well as system administration costs. We also saw process improvements in our transactional processes. We gained database space by archiving three years of data while retaining online access to archived data via SAP screens. Also, there are no open transactions in SAP
ANANTH
(Implementation of OpenText ADA, SunTV choose OpenText implementation partner, Avaali)  - Chief Information Officer, Sun TV