Vendor invoice management blog

OpenText VIM 23.4: invoice processing has never been this comprehensive 

Vendor invoice management blog

Clearer screens, fewer handovers, and more control over invoice processing. For many users, that is what OpenText VIM 23.4 finally delivers. This new release represents a major step forward in usability and efficiency. 

In this blog, we walk you through the most important innovations.

Why VIM 23.4?

Vendor Invoice Management is known for its extensive functionality and powerful capabilities when it comes to processing and managing purchase invoices. But that richness also came with a downside: for many users, keeping a clear overview became increasingly difficult. With version 23.4, that changes. Thanks to the introduction of new SAP Fiori–based apps, VIM now offers more structure, an intuitive user experience, and a way of working that aligns seamlessly with how users actually work. 

Regain control with the Fiori Invoice Solution Cockpit

Organizations using VIM often face the same challenge: the lack of a single, central place where all relevant invoice-processing information comes together. The VIM Fiori Solution Cockpit addresses this need. This modern Fiori app comes with a clear, intuitive dashboard that provides immediate status insights into the full VIM process.

Spot bottlenecks, actions required, and priority invoices—all at a glance. This improves invoicing efficiency and brings back control and predictability. 

At the heart of the Solution Cockpit are six standard tiles that help users quickly decide where to focus first: 

  • Most Urgent Invoices – sorted by due date 
  • Invoice Exception Analysis – insight into the most common exceptions 
  • Invoice Exception Analysis – insight into the most common exceptions 
  • Blocked Invoices – overview of stalled invoices 
  • Document Channels / Invoice Lifecycle Report – analysis per channel ID, including direct drill-down to the lifecycle 
  • My VIM Apps – convenient shortcuts to frequently used apps, like invoice approval 

In addition to these standard options, you can also fully personalize the cockpit to suit your needs. 

VIM Fiori Workplace: one central workspace for the entire AP process 

The VIM Fiori Workplace is the central hub for your daily activities. This renewed environment brings together numerous functions in one clear app, eliminating the need to switch between multiple Fiori apps, GUI screens, or separate applications. The power of the Fiori Workplace lies in the integration of: 

  • Validation Invoices – for reviewing and correcting automatically captured invoice data 
  • VIM Workplace – the starting point of invoice processing, where invoices are reviewed, enriched, and routed 
  • Reporting and analytics – including a compact version of VIM Analytics for quick insights, trends, and exceptions 

In practice, this means invoices are handled from start to finish within one application. No more fragmented information, no time lost switching between apps. The VIM Fiori Workplace delivers a complete, efficient, and user-friendly workflow. 

Gain insight into OCR performance with Invoice Capture Analytics Invoice Capture Analytics

The first customers who have migrated to VIM 23.4 are particularly enthusiastic about Invoice Capture Analytics. This powerful SAP Fiori app finally provides full insight into OCR performance and recognition accuracy. 

Invoice Capture Analytics helps organizations better understand how OCR recognition performs. In one clear overview, the report shows: 

  • How accurately invoice data is captured automatically 
  • How the learning process evolves over time 
  • What percentage of invoices is recognized correctly right away 

With these insights, your organization can intervene more quickly when OCR interpretations are incorrect. The result? Faster identification of bottlenecks, fewer manual corrections, and a higher degree of automation. At tcf., we consider this app a game changer. 

What OpenText VIM 23.4 delivers for AP teams 

With OpenText VIM 23.4, AP teams can perform all their tasks directly within SAP Fiori. No more switching between different systems, no additional software required. From now on, you will find everything you need for efficient, transparent, and well-controlled invoice processing in one modern working environment. 

Ready for more efficient invoice processing in a single Fiori environment?

Our specialists take time to understand your current setup and translate the new VIM 23.4 capabilities to your daily practice. Feel free to contact us and discover how easy the transition can be.

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