Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today announced that Accolade Wines North America, a leading global wine company, has selected Basware’s InvoiceReady™ for Accounts Payable (AP) automation. The solution, which will be implemented in the U.S. and other regions globally, will enable Accolade Wines NA to eliminate inefficiencies, while gaining visibility and control over its financial commitments.
“Our manual method for processing invoices was becoming too time consuming, paper-intensive and costly,” said Amy Castro, senior accountant at Accolade Wines NA. “We needed to automate our invoicing process and turned to Basware for its innovative solutions, built-in best practices and global reach. Now with Basware’s InvoiceReady we are able to easily streamline invoice processing, cut costs and gain the visibility and control we need.”
Accolade Wines North America will deploy InvoiceReady to automate the more than ten thousand invoices it processes annually. Additionally, Accolade Wines NA will implement Basware’s scan & capture service to convert supplier invoices to e-invoices so the company can process all invoices electronically no matter in which format they are received. Accolade Wines NA also will implement InvoiceReady Mobile, recently announced by Basware, which enables the company’s employees to review and approve tasks anytime, anywhere from their mobile devices.
“We are pleased to help Accolade Wines North America improve invoice processing and gain key efficiencies,” said Bob Cohen, vice president, Basware North America. “The company will benefit from faster and more accurate invoice processing, reduced costs and greater visibility to manage spend and cash flow globally.”
Basware InvoiceReady provides immediate benefits for businesses seeking to reduce the time and cost of manual invoice processing methods. Small and mid-sized businesses can significantly reduce invoice cycle times by identifying bottlenecks in the financial process that often result in late payment fees or missed discount opportunities. Delivered as a service, InvoiceReady automates the accounts payable process from receipt of invoice through approvals to payment, removing paper and reliance on manual spreadsheets. It helps companies reduce errors, and increases visibility of and control over financial commitments.
About Accolade Wines
Drawing on a proud heritage with one of the first wineries established in Australia, Accolade Wines North America has matured into a global wine company with some of the world’s best-known brands that are sold in more than 80 countries, including Australia, the UK, Mainland Europe, the U.S., Canada, Japan and China. Accolade Wines North America, Inc. is a California Corporation.
Basware provides open, secure, cloud-based purchase-to-pay and e-invoicing solutions to organizations of all sizes, resulting in greater efficiencies in procurement, accounts payable and accounts receivable.
Companies across all industries, from small businesses to corporate giants, use Basware solutions to drive sustainable cost savings, proactive insight to cash flows and improved buyer–supplier relationships. The Basware Network is founded on the principles of openness, where all types of organizations can collaborate and trade, making it the largest in the world. Today we connect millions of business users in 900,000 companies across over 100 countries.