Finance and Procurement
Transform from a cost center to a profit center with solutions that automate complex processes and connect content
Contact us75%
of organizations are making Finance process improvement a focus for 2022[1]
Overview
Finance and Procurement are at the heart of intelligent enterprise, yet manual processes and disparate systems are holding them back. To transform from cost centers to profit centers, they must embrace modern work and provide access to information in context.
OpenText™ solutions for Finance and Procurement automate processes and integrate content to enable frictionless, compliant, sustainable operations.
Key trends
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88% of global consumers say they are prioritizing buying from companies that have ethical sourcing strategies.[2]
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95% of finance professionals are using or looking at implementing process automation to drive financial process improvement and maintain agility.[3]
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More organizations are moving to e-invoicing to reduce processing cycle times by up to 65%.[4]
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Suppliers are looking for partners with more streamlined business processes, with 64% saying that is the top area organizations need to improve.[5]
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47% of polled contract management professionals say their enterprise faced unnecessary risk due to the inability to proactively detect problematic language in contracts.[6]
Explore Finance and Procurement solutions
Supplier Invoice Management
Automate supplier invoice processing to maximize working capital
Purchase to Pay
Optimize purchase-to-pay processes and gain end-to-end visibility into supply chains
Corporate to Bank Connectivity
Offload complex treasury integrations to improve cash visibility and optimize working capital
Electronic Invoicing
Meet global e-Invoicing mandates and compliance regulations with automated invoice processes
What makes OpenText different
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Integration into leading applications
Seamlessly integrate with leading business applications, such as SAP, Salesforce and Microsoft, to provide content in context.
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Comprehensive Information Management partner
Simplify with one solution that covers everything from sharing content in Microsoft® Teams to creating ethical and sustainable supply chains to powering supplier portals.
Leaders trust OpenText
See how customers are succeeding with Finance and Procurement solutions from OpenText
See more customer stories
Finance and Procurement resources
Choosing a Corporate-to-Bank Integration Model
Read the position paperDigitization in procurement
Read the blogHow can we help?
Footnotes
Footnotes
- [1] APQC Survey, Where will Finance focus in 2022?, 2021
- [2] OpenText Survey Shows Increase in Demand for Ethically Sourced Goods, 2021
- [3] APQC Survey, Where will Finance focus in 2022?, 2021
- [4] e-InvoicingBasics, Facts and figures
- [5] HICX, The Supplier Experience Survey, 2021
- [6] Docusign - Forrester Consulting, The state of systems of agreement, 2020