Leading Market Research Firm Highlights Basware’s
Powerful Functionality in Automating Invoice Processing for Healthcare
Basware, the leading provider of financial process automation software, announced today that it has been featured in a report on paperless accounts payables (AP) solutions for the healthcare industry from leading market research firm, PayStream Advisors.
The PayStream Market Discovery Report, A Buyers Guide to Paperless AP in the Healthcare Industry, provides an overview of the healthcare ePayables solutions that are available today to streamline and optimize the invoice and payment management processes at hospitals and other healthcare organizations. It highlights select technology vendors that are enabling the paperless AP office and features Basware as a key provider in this market.
Basware’s Invoice Automation solution was featured for its vast functionality from invoice receipt, to document & data capture, content storage management, workflow management and reporting & analysis. The report states, ”… we really like the powerful functionality that Basware Invoice Automation provides to automate invoice matching and posting to further streamline the approval process.”
“Being recognized by PayStream Advisors as a key provider of invoice automation solutions for the healthcare industry underscores the value of our solutions to that marketplace,” said Ari Salonen, general manager, North America, Basware, Inc. “Basware is helping healthcare and other industries use automation to move toward paperless AP departments and realize additional benefits, such as reducing costs, eliminating errors and streamlining operations. In today’s economic climate, these benefits are more critical than ever.”
Based on its research report, PayStream Advisors has determined that significant change is underway and new ePayables solutions are gaining in popularity, since they enable the healthcare industry to automate manual tasks, reduce errors and accelerate the invoice receipt-to-pay cycle. Several factors are driving this shift, including steadily increasing medical costs, a severe economic downturn and paperwork required by health insurance claims.
According to the report, “... hospitals that rely on traditional invoicing, payment and financing practices which are burdened by many inefficient manual tasks will find themselves at a competitive disadvantage to those that have automated these processes and that can therefore better manage their spend and vendor relations at all levels.”
Download the full report and whitepaper online:
http://www.basware.com/Resources/research_reports
About PayStream Advisors
PayStream Advisors (www.paystreamadvisors.com) is a technology research and consulting firm that improves the way companies plan, evaluate and select emerging technologies to achieve their business objectives. PayStream Advisors assists clients in sorting through the growing complexities of information technology applications related to business process automation with the goal of making objective, analytical and actionable recommendations.
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 please contact info.uk@basware.com