xSuite Adds New Invoice Workflow on SAP BTP
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Key Takeaways
⇨ xSuite unveiled a new option to use its digital invoice processing solution on SAP BTP.
⇨ It supports all SAP S/4HANA operating models.
⇨ The solutions aims to maximize flexibility and help facilitate migrations.
xSuite, a global leader in accounts payable invoice automation, recently announced a new workflow for SAP BTP that offers users flexibility while facilitating their digital migration. This addition is a new technology stack on top of the existing xSuite Invoice product to offer a standardized invoice workflow for users. The solution offers standardized accounts payable processes on SAP BTP, transforming it into the foundation of SAP-based business processes.
As many organizations plan their move from SAP ECC to SAP S/4HANA, they need technological solutions that align with this strategy. xSuite’s Invoice Workflow on SAP BTP supports AP processes on any SAP S/4HANA operating model: public cloud, private cloud, and on-premise. This flexibility should help organizations maintain the agility they need to maximize the value of their digital transformation.
“Many companies are pursuing a cloud-first or clean-core strategy. This often results in a journey that takes companies from on-premises systems to the private cloud and finally to the public cloud. Our solution gives them autonomy in this context: When it comes to accounts payable invoice automation, the workflow covers all bases, thus helping our customers get fit for the future,” said Jan Schulze, Head of Product Management at xSuite Group.
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Meeting the Market
Payment processing solutions are vital for SAP organizations as they transition to SAP S/4HANA. SAPinsider’s SAP S/4HANA Finance and Central Finance: State of the Market 2023 Research Report found that 33% of respondents are using payments processing solutions, making them the most commonly-used option among all technologies.
Organizations that centralize and automate payment processing requirements are able to cut down on manual processes. This improves their efficiency while also reducing the opportunity for errors. This also offers a streamlined process that allows companies to standardize operations.
“Standardization and the use of the public cloud help to simplify business processes. Early on, we believed in the public cloud as the deployment model of the future and focused our development on offering our AP solution on this platform. That’s why we’re among the first to provide a comprehensive invoice management software solution on SAP BTP,” said Matthias Lemenkühler, CEO of xSuite Group.
Conclusion
As SAP approaches the 2027 end of maintenance deadline for legacy systems, organizations should ensure that SAP S/4HANA preparedness is top of mind when considering any new technological solution adoption.
Just 21% of SAPinsider organizations are already using SAP S/4HANA, while 23% are in the process of implementing it. This means that the majority of organizations have not started their implementation. Many organizations may have difficulty focusing on SAP S/4HANA adoption while also improving other business-critical functions.
The new xSuite Invoice Workflow on SAP BTP is available on any SAP S/4HANA operating model, giving users flexibility for future initiatives while facilitating their migration. That way, companies can ensure essential accounts payable functions are uninterrupted and fit in seamlessly with a digital transformation.