London, NW10 0AB,
United Kingdom
excelerated
excelerated, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. excelerated collaboration with software players such as OpenText empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
| Reseller and SI | Vendor | Application | Category | Market |
|---|---|---|---|---|
| excelerated | OpenText | OpenText Vendor Invoice Management | AP Automation | ERP Financial Management |
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight | Insight Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
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Subsea 7 | Oil, Gas and Chemicals | 14876 | $6.8B | United Kingdom | OpenText | OpenText Vendor Invoice Management | AP Automation | 2016 | In 2016, Subsea 7 implemented OpenText Vendor Invoice Management as an AP Automation solution tightly integrated into SAP. The implementation included OpenText Invoice Capture Center to ingest emailed and scanned invoices and to capture invoice metadata for downstream processing inside SAP. OpenText Vendor Invoice Management was configured to support invoice capture, OCR processing, automated matching to purchase orders and supplier accounts, invoice routing for electronic approvals with actionable links, dashboard reporting, and a full audit trail. The solution processed a wide range of invoice types from single line supplier invoices to complex multi‑item capital purchase invoices, enabling automated process flows where OCR and matching succeeded and routed exceptions for approval where required. Deployment began with a targeted roll out to the UK accounts payable team, which handled over 10,000 supplier invoices per month across 60 legal entities representing roughly 60% of global volume, then extended to Norway, United States, Gulf of Mexico, Brazil, Singapore, Australia, and France. Excelerated Sourcing served as the implementation partner, delivering configuration and technical implementation services to embed the OpenText components within the SAP application landscape. Many alternative products that would have operated outside of SAP were dismissed in favor of a solution certified and sold by SAP to avoid users leaving the SAP environment. Project governance emphasized senior management sponsorship, internal communications, supplier education, and AP process reengineering, with initial backlog growth as the redesigned processes stabilized followed by significant reductions in outstanding invoices. Outcomes reported by Subsea 7 include streamlined purchase to payment processes end to end, invoices captured and available directly within SAP with no need to exit to another application, approximately 80% of invoices received by email, reduced inbound supplier enquiries, payments being made on time, and improved accounts payable efficiency and supplier relationships. |
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Buyer Intent: Companies Evaluating excelerated Services
- Gov of Manitoba CA, a Canada based Government organization with 14000 Employees
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