Success story
Bunge BrazilIndustry• Agribusiness & food industry

Solutions• OpenText™ Vendor Invoice Management
for SAP® Solutions• OpenText™ Invoice Capture Centerfor SAP® Solutions (ICC)

Results
Automated and streamlined
invoice processing, with seamless
SAP integration
Achieved cost savings of up to 30%
Reduced AP resource
requirements by up to 50%
Accelerated invoice approval andpayment cycles by 20%

Bunge Brazil streamlines accounts
payable operations with automatedinvoice management
Global agri-food company saves time, money and resources withOpenText Suite for SAP®
“We found 20% to 30% in cost savings with OpenText
Vendor Invoice Management for SAP ® Solutions, and we are
now able to process roughly 12,000 invoices per month with
50% less FTEs.”
TMRogério Almeida

Financial Manager
Bunge Brazil

Bunge Brazil streamlines accounts payable operations with automated invoice management

Bunge Limited is a global agribusiness and food company operating in
more than 40 countries, with over 30,000 employees. Bunge’s SouthAmerican operations account for a substantial part of the business—
it leads in grain, soybean, wheat and sugarcane production and has
more than 100 offices in Brazil alone. Throughout its rich 200-year
history, Bunge has always aimed to be best in class and is continuously
searching for more efficient ways of doing things.
Recently, Bunge Brazil sought to centralize its back-office functions intoa shared service center. This included streamlining its accounts payable(AP) processes, which were partially outsourced and frequently manual.
Using OpenText Vendor Invoice Management for SAP Solutions (VIM),
Bunge Brazil applied robotics process automation (RPA) to invoice processing, resulting in cost savings, reduced resource requirements andaccelerated approval and payment cycles.
“We were looking for invoice processing automation. We decided on
OpenText Vendor Invoice Management for SAP Solutions becauseof its technological capabilities, such as out-of-the-box functionality and integration with SAP, and because of the maturity and experience that OpenText offers,” explained Rogério Almeida, financial
manager at Bunge Brazil.
With OpenText VIM, Bunge Brazil has centralized and automatedinvoice processing across more than 100 sites. The company is using
OpenText™ Invoice Capture Center for SAP® Solutions (ICC) to quickly
and accurately scan PDF invoices into the system. Utilizing the digital
information acquired from ICC combined with VIM’s preconfigured
solution enables the AP team to route invoices automatically to theright person for resolution, approval and payment, which has resulted
in shorter approval cycles and faster payment. Moreover, AP staff now
have full, real-time visibility into the status of invoices.

Rogério shared several elements that were critical to the successful VIM
deployment: “In moving from manual to digital processes, we had tomap and document everything—the workflow, the stakeholders andthe communications. The OpenText VIM solution helped us define
and implement controls and rules in our invoice processes, which we
didn’t have before.”
In addition, Bunge had an aggressive four-month timeframe for rollingout the solution to more than 100 users at 50 different locations representing more than 100 sites. “Four months was a very challenging timeframe to define the scope, make adjustments, train people and go live.
However, OpenText VIM is so user-friendly and intuitive that it allowed
us to implement the solution very quickly,” explained Rogério.
Since deploying the solution, Bunge Brazil achieved significant costsavings, in part by reducing resources needed to process invoices.
For example, Bunge halved its full-time employee (FTE) requirements
for manual validations. “We found 20 percent to 30 percent in costsavings with OpenText Vendor Invoice Management for SAP Solutions, and we are now able to process roughly 12,000 invoices permonth with 50 percent less FTEs,” said Rogério.
By using ICC to scan invoices received as PDFs, Bunge accesses themost advanced document and optical character recognition (OCR)
capabilities available. Plus, the deep integration with SAP fully automates data extraction and eliminates manual keying. As a result, Bunge
reduced errors related to manual input, and the resources required forinvoice data capture. Rogério noted, “We had three FTEs working on
OCR scanning, and now we have just two.”“OpenText is a potential
global partner for Bunge,with capabilities in many
areas that are importantto us. We are on a journeyof globalization, andI think OpenText has
the solutions and theexperience to support us
on this journey.”
Rogério Almeida
Financial Manager
Bunge Brazil

Bunge Brazil streamlines accounts payable operations with automated invoice management

Invoice management automation also helped the company to accelerate
its invoice approval and payment cycle. “Because of OpenText, we have
improved our rate of on-time payment. We started with 78 percent
on-time payment, and we are now close to 97 percent. Because wehave full control of the workflow, we know exactly where an invoice
is, what steps are needed to complete it and when it will be paid,”
said Rogério. He added that this shortened payment cycle benefits boththe company and its suppliers: “The OpenText VIM solution helped
us to improve our processes, and the suppliers also see this as abenefit because it helps them in their cash flow management. Now,
they know when we are going to pay.”
Additionally, the solution’s deep integration with SAP gives Bunge Brazil
a seamless, reliable solution that requires little intervention. “From atechnology perspective, the integration with SAP has been an advantage because we don’t have any issues with the architecture. In fact,
we are not really facing any issues with the solution, which is a very
positive point for me because VIM is such a critical process. TheOpenText solution is working 100 percent of the time,” said Rogério.

Without a doubt, the solution has been a tremendous success story
within the company and it has also contributed to numerous industry
accolades. The Brazilian Association of Shared Services recognized
Bunge Brazil as an efficient, innovative and state-of-the-art organization,
awarding the company first and second place for Best Shared Services
in 2016 and 2017, respectively. The efficiency of Bunge’s automated AP
processes contributed greatly to these achievements.
Not content to rest on its laurels, however, Bunge Brazil plans to build on
its success and is seeking further opportunities for improvement. Thecompany sees the potential for OpenText to be a part of its future digitaltransformation projects. “OpenText is a potential global partner for
Bunge, with capabilities in many areas that are important to us. We areon a journey of globalization, and I think OpenText has the solutions
and the experience to support us on this journey,” concluded Rogério.

About OpenText

OpenText, The Information Company™,
enables organizations to gain insight
through market leading information
management solutions, on-premises orin the cloud. For more information about
OpenText (NASDAQ: OTEX, TSX: OTEX)
visit opentext.com.
Customer stories

opentext.com/contact

Twitter | LinkedIn | Facebook

Copyright ©2018 Open Text. OpenText is a trademark or registered trademark ofOpen Text. The list of trademarks is not exhaustive of other trademarks. Registeredtrademarks, product names, company names, brands and service names mentioned
herein are property of Open Text. All rights reserved. For more information, visit:
http://www.opentext.com/2/global/site-copyright.html 09446EN