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- 6 March 2012 17:21
Oil and Gas Leader Selects OpenText for Simplified, Optimised SAP Invoice Management
Sydney – 6 March, 2012 – OpenText™ today announced that INPEX, a leading worldwide oil and gas exploration and production company, is to simplify and streamline its purchase order and invoicing processes within Australia through the deployment of OpenText Vendor Invoice Management for use with SAP Solutions (VIM).
The pre-packaged OpenText application will work in conjunction with INPEX's existing SAP software to speed up the creation, management and routing of invoices and orders, delivering efficiency benefits for INPEX suppliers and staff.
In addition to automatically routing invoices and orders through the approvals process, INPEX will use VIM to provide secure browser-based access for invoice submissions, fast staff access to information including invoice status and purchase order numbers, and to enable greater collaboration for problem resolution.
The deployment will also include OpenText's optical character recognition solution, OpenText Invoice Capture Centre for SAP Solutions (ICC). The software automates capture and extraction of data from paper invoices, virtually eliminating the need for manual intervention during the invoice data capture process.
Combined with VIM, the OpenText solution will complement INPEX's SAP software by enabling end-to-end automation of paper invoice processing.
Listed on the Tokyo Stock Exchange and ranked in the top 100 global energy companies, INPEX’s activities include research, exploration, development, production and sales of oil and gas. The company is a key player in world-class liquefied natural gas projects and is involved in numerous projects in Australia and the Timor Sea. Its work on the Ichthys LNG project in the Browse Basin off the Western Australian coast is one of the largest and most challenging projects in the company's history.
Chris Foley, CIO, INPEX said, “With such large and complex projects on the go it is important that we ensure operational efficiencies wherever possible. With this in mind we wanted a solution that would allow us to optimise invoice management processes, while maximising the return on our existing investment with SAP. After an extensive search of the market it became apparent that OpenText Vendor Invoice Management was the ideal solution.”
Graham Pullen, Vice President Asia Pacific and Japan, OpenText added, “It is pleasing to see yet another customer realising the benefits of the SAP/OpenText global partnership. The value of being able to work in close collaboration with of all key INPEX stakeholders, SAP and OpenText is a key differentiator in the success of these types of projects. This is not just about technology. It is also about the benefit of content experts and business owners truly understanding their immediate needs and their future requirements.”
OpenText, a global ECM leader, helps organisations manage and gain the true value of their business content. OpenText brings two decades of expertise supporting 100 million users in 114 countries. Working with our customers and partners, we bring together leading Content Experts™ to help organisations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness. For more information, visit www.opentext.com
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Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Copyright © 2012 by OpenText Corporation. OPENTEXT and OPENTEXT VENDOR INVOICE MANAGEMENT are trademarks or registered trademarks of OpenText Corporation in the United States of America, Canada, the European Union and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of OpenText Corporation or other respective owners.