Ikan Dames,
Financial Controller,
Dynea, North America
Centralized processes with Basware Invoice Processing
Dynea, a global leader in high-performance adhesion and surfacing solutions used in home construction and other industries, was looking to centralize its invoice processing function to achieve better process control and efficiency as well as more visibility into Accounts Payable activities. Previously, Dynea’s invoice and expense report processing was handled manually which resulted in long processing times and no visibility into invoices.
Key Challenges:
- Centralize disparate financial functions to a Shared Services Center
- Increase visibility into financials
- Reduce AP staffing and costs
Solution: Basware Invoice Processing
Today, all Dynea’s AP operations are centralized to a Financial Shared Services Center. Basware Invoice Processing is at the core of its centralized invoice processing function. With Basware's software, Dynea has gained real-time visibility into invoices and unrecorded liabilities, enabling the company to effectively manage cash flow and payables workflow.
Key Benefits:
- Substantial cost cuts in AP and per-invoice transaction
- Increased visibility and control
- Process improvements that enable AP department to be more strategic