Livelink for PeopleSoft

Open Text has released a new Livelink solution that integrates with PeopleSoft. Livelink for Accounts Payable applies Livelink's flexible workflow and document management tools to facilitate the processing and tracking of invoice documentation.

Open Text claims its Livelink software delivers a complete offering that includes flexible workflow to manage invoice routing, document management capabilities and flexible data capture technology. Further, it says, Livelink for Accounts Payable provides data entry with document imaging, optical character recognition and "heads-up" data entry, in which online guides give users a way to enter invoices. Once an invoice is approved, Livelink for Accounts Payable automatically provides invoice data to users creating invoices in PeopleSoft.

With workflows in Livelink for Accounts Payable, invoice processing can be tailored to meet new business demands. Open Text cites as an example: If a company needs to suddenly pay all invoices from one of its suppliers, workflow can be quickly changed to prioritize those invoices for faster processing. Invoices can be prioritized by due date or amount or to take advantage of preferred vendor relationships or vendor discounts. The company adds that workflow is also auditable, providing a track record for the processing of all invoices to support corporate governance regulations and corporate accounting practices.