Kalpataru Power Transmission increases Accounts Payable efficiency with OpenText
With over 2,000 employees, 150 site offices across India and operations in more than 30 countries outside India, leading Indian global power transmission and infrastructure company Kalpataru Power Transmission Limited (KPTL) is a diverse conglomerate. As the volume of invoices increased day-by-day, it had become a struggle to manage physical copies and track incoming invoices. This made it difficult to accurately know the pending liabilities. The lack of integration to SAP also impacted audit and tax assessment. User-driven business rules also led to numerous non-standard approval policies, affecting compliance and lengthening processing times.
KPTL took action and implemented OpenText solutions to tackle the challenge.
“After implementation of OpenText™ Vendor Invoice Management for SAP® Solutions, we have much better control over our Accounts Payable process. Invoice processing within KPTL is much more efficient and we are well prepared to take the next leap and centralize Accounts Payable across the Kalpataru Group,” stated Ketan Parikh, CIO at Kalpataru Power Transmission Limited.
Since implementing OpenText at 50 company locations in just two months, invoice processing times have been slashed by 40%.
Using OpenText™ Capture Center, intelligent text recognition means that KPTL can handle any type of invoice template and data format. The solution provides seamless integration to SAP, with system-driven, standardized business rules. Automation means there is minimal need for human intervention, all but eliminating the human errors of the past.
OpenText Archive Server also means there is a permanent record of all invoice documentation, linked to the relevant SAP transaction. KPTL now has an efficient, consistent, shared service center model for Accounts Payable and is now planning to deploy OpenText across the entire group.
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