By Nathan Luck
Forests globally have breathed a collective sigh of relief with the announcement of OpenText’s new SAP Travel Receipts Management (TRM) application.
The new app effectively eliminates the paper element involved in capturing and tracking travel receipts, saving costs and streamlining the process resulting in less effort, greater accuracy and quicker reimbursement for travelling employees who can now snap photos of their receipts using their smartphone and upload them directly into the solution.
“SAP Travel Receipts Management is a great example of how ECM technology fully optimises SAP solutions by integrating content in this case travel receipts into SAP business processes,” said Patrick Barnert, vice president, SAP solutions at Open Text. “We continued to see strong demand among customers for better ways to manage all forms of business content within the context of their SAP solution-based environments using OpenText solutions.”
SAP Travel Receipts Management by OpenText gives users of SAP Travel Management a full set of tools to eliminate the hassle associated with processing paper receipts.
It integrates with multi-function devices, scanning applications, fax machines and email to make it easy to capture images of receipts. With mobile device support, travelling employees can simply use digital cameras or phones to capture receipt images. The digitised receipts are then stored in a repository and linked to appropriate trip information and accessible through standard SAP user interfaces.
The payoff from fully automating travel receipts processing can be substantial. In a recent survey report entitled ‘Travel & Expense Management Benchmarking’, PayStream Advisors writes, “On average, a company spent approximately US$22.15 to process an expense report, if the process was entirely manual. This was twice as much as the processing costs accrued by companies that are fully automated. Organisations that have some automation in place have been successful in driving down processing costs per transaction to US$18.67, whereas companies that are fully automated and using an integrated system have a per transaction cost as low as US$10.68.”
