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Submission: On April 21 via manual from IN — Scanned from DE
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MORE OPTIONSAGREE * * * * * * * * 00:00/00:00 Powered by Valueimpression Toggle navigation * MAGAZINE * The Week * HEALTH * Login Logout * Message Us * Subscribe * * HOME * INDIA * WORLD * BUSINESS * SPORTS * SCI/TECH * LEISURE * ENTERTAINMENT * HEALTH * EDUCATION * VIDEOS * more * GALLERY * REVIEWS * Home * wire updates * BUSINESS * * * Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration 51:23 Loaded: 1.00% 00:00 Stream Type LIVE Seek to live, currently behind liveLIVE Remaining Time -51:23 1x Playback Rate Chapters * Chapters Descriptions * descriptions off, selected Captions * captions settings, opens captions settings dialog * captions off, selected Audio Track * default, selected Picture-in-PictureFullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque Font Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps Reset restore all settings to the default valuesDone Close Modal Dialog End of dialog window. Advertisement OIL INDIA LIMITED AUTOMATES THEIR PROCURE TO PAY PROCESSES PTI Updated: March 16, 2022 10:44 IST (Eds: Disclaimer: The following content is a press release. PTI takes no editorial responsibility for the same.) New Delhi, 16-March-2022: Oil India Limited (OIL), the premier Indian National Oil Company under the Ministry of Petroleum and Natural Gas, Government of India today announced that it had gone live with its automation project for Supplier Collaboration and Accounts Payable Invoice Automation. With this automation, OIL intends to deliver superior supplier engagement via the Avaali Velocious Supplier Relationship Management (SRM) solution. Additionally, invoices that come in via the Velocious SRM solution will seamlessly integrate with SAP OpenText Vendor Invoice Management to automate the invoice receipt to post-process. As a part of this project, OIL has leveraged the Velocious vendor portal from Avaali, to provide a self-service platform to suppliers and enable them to maintain their profile, access Purchase Order details, generate and submit invoices, track payment progress, and seamlessly communicate with users in OIL. The self-service portal is envisaged to drive convenience and satisfaction across the entire supplier baseof OIL. The Invoice Automation solution will enable extraction and analysis of invoices that OIL receives from multiple sources. The solution will help OIL automate invoice verification and monitoring and easy access and retrieval of the invoice and supporting documents. Workflows will be fully automated, enabling audit trails, post which invoices will be posted. This implementation will help OIL improve efficiencies, enhance productivity, eliminate process bottlenecks, and simplify operations. Additionally, this is intended to deliver excellent supplier relationships via a strong collaboration with OIL’s suppliers. Commenting on this go-live, Shri Sushil Chandra Mishra, Chairman and Managing Director, Oil India Limited said, “As part of OIL’s digital journey, the invoice management process shall be standardized and the process workflow digitalized to improve team productivity and leverage process automation across the invoice management lifecycle through the Invoice to Pay solution”. Srividya Kannan, CEO of Avaali Solutions, said, “Avaali is honored to work with OIL in this prestigious project to transform OIL’s Procure to Pay process to incorporate good practices, deliver significant efficiencies and reduce cost”. PWR PWR (This story has not been edited by THE WEEK and is auto-generated from PTI) ALSO READ * GUJARAT: MODI LAUDS SUCCESS OF COOPERATIVE SECTOR * LANKA PM MAHINDA RAJAPAKSA PROPOSES TO AMEND CONSTITUTION TO CREATE ACCOUNTABLE ADMINISTRATION * CHAHAL'S HAT-TRICK, BUTTLER'S CENTURY POWER RR TO NARROW WIN OVER KKR * KEVIN BACON, FARRAH MACKENZIE JOIN NETFLIX FILM 'LEAVE THE WORLD BEHIND' * MOST INDIANS DON'T KNOW MUCH ABOUT COUNTRY'S HISTORY, CULTURAL DIVERSITY: SURVEY * * * * * Terms & Conditions * Privacy & Statement Copyright © 2022 All rights reserved We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of cookies and revised Privacy Policy.