Basware Travel & Expense Management solution enables management of travel-related expenditure, data and transactions in 175 governmental departments.
Basware, the leading provider of purchase to pay solutions, has been awarded a five-year contract to deliver its Travel & Expense Management (TEM) solution to the Danish Agency for Governmental Management, a public body which generates and manages over 100,000 travel expense transactions per year.
The agency, which is responsible for the preparation of the Danish central government's budget and fiscal accounts, also spearheads the development, specification and implementation of the Danish Ministry of Finance’s initiatives aimed at increasing the efficiency of administrative processes particularly those dealing with financial management and accounting.
The implementation of the Basware TEM solution is one element in a central initiative which aims to drive administrative efficiencies throughout 175 departments within the Danish government including the Ministries of Justice, Employment, Culture, Defence and Finance. Roll-out of the solution and corresponding administrative systems will take place during the second quarter of this year with completion of the entire deployment scheduled for 2010 with an expected 60,000 users.
“We are delighted to announce Basware as our chosen strategic partner for the implementation of this solution,” said Henrik Pinholt, Vice Director, Danish Agency for Governmental Management. “With the Basware TEM solution in place, we expect to significantly simplify and streamline our process for handling travel and expense claims, and optimise the efficiency of the business travellers, managers and accountants who handle these transactions on a daily basis.“
Odd Roar Trapnes, Senior Vice President at Basware Scandinavia, has no doubt that Basware Travel & Expense Management solution will enable the Danish Government agency to gain control over travel management and improve the transparency of the expense reimbursement process. “We are excited to be working with the Danish government and are confident the TEM solution will deliver the speed, accuracy, seamless integration and practicality that are crucial to the success of the Agency for Governmental Management’s initiative for refining its administrative processes,” Trapnes said.
The Basware Travel & Expense Management solution is a versatile solution that automates travel planning and expense reimbursement processes making them quicker and more cost effective. The tool also enables reporting analysis and direct integration with accountants, banks and credit card companies, giving organisations greater control over their business expenses and the ability to meet compliance requirements.
About Basware
Basware is the global leader in purchase to pay solutions with more than 1,500 customers and 850,000 users in over 50 countries around the world. Basware solutions automate business-critical financial processes and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented in Europe, the US, and Asia-Pacific through an extensive network of Basware offices and business partners.
In 2008, net sales reached EUR 86 million. Founded in 1985, Basware Corporation is a public company listed on the NASDAQ OMX Helsinki Ltd. Headquartered in Finland, it has seven subsidiaries in Europe and one in the US.
For more information contact info.uk@basware.com