VIM
What does VIM stand for?
Vendor Invoice Management
What does Kofax do?
Kofax is a certified AP solution for SAP that Automates your invoice process by means of RPA tools to extract, validate and process invoices.
Who owns VIM?
OpenText
What does RPA stand for and what does it do?
Robotic process automation (RPA) is a software technology that makes it easy to build, deploy, and manage software robots that emulate humans actions interacting with digital systems and software.
What one ERP does VIM work with?
SAP
What is a task that Kofax does well?
- It can scan documents and follow rules to process
- Reduce manual entries and automate repetitive tasks
- Simple to use
- Rules can be setup extensively to automate your custom process
- It can handle foreign invoices
- It can perform GL code assignment if the rule is setup
- Kofax is also more flexible in its integrations with other ERP systems
- Kofax uses advanced capture technology that allows for unstructured invoice formats to be read
Is VIM a template based solution? How is AppZen better?
Yes VIM uses templates. Templates are time consuming to set up in the beginning from IT.
Any new vendor or new format of a vendor invoice, requires IT to update or add a new template.
AppZen does not use templates and the AI adapts and learns to new vendor formats.
True of false
Kofax only works with SAP.
False.
Kofax is SAP certified but works will all ERPs.
Role Play:
Customer: "We already use VIM."
What would your reply be?
VIM offers a helpful solution for streamlining your invoice process, but it doesnt cover all the bases. VIM users still need to touch most invoices, and that manual step introduces delays and the opportunity for manual errors. This is why we work with VIM to ensure all your non PO invoices are processed with no touch and no hassle to your existing setup, to give valuable time back to your team, and money back to your budget.
What happens if the process changes for a pre-set up RPA task?
IT needs to be involved to update the process. This costs money and time.
Does VIM use rules based machine learning?
Why is AppZen AI a better option and explain the difference between the two.
VIM is a rule based solution as opposed to AppZen is an AI based solution. Rules do not learn but AI learns and adapts.
What is the main difference between VIM and Kofax?
Vim is only for sap and is template driven , setup is extensive.
Kofax uses RPA and is only good for repeat tasks with no changes.