Leading Hospital System Selects Basware for e-Invoicing, Accounts Payable Automation

18 December 2013

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Automated System Speeds up Invoice Processing, Provides Visibility and Reduces Costs for Catholic Health Initiatives

STAMFORD, Conn., - Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today announced that Catholic Health Initiatives (CHI), one of the largest non-profit hospital systems in the U.S., has selected Basware Accounts Payable Automation and e-invoicing solutions to efficiently process the more than two million invoices it receives annually. Basware’s solutions, which will be implemented in CHI facilities across the U.S., will speed up invoice processing and reduce costs.

“We are pleased to provide solutions that will help CHI increase visibility and control of AP processes and improve working capital management,” said Michael Cassano, Basware VP of Sales, North America. “By enhancing its processes and gaining efficiencies, the organization also will increase accuracy and mobility and realize cost savings, as well as gain insight into actionable purchase-to-pay data.”

CHI will implement key services provided within the Basware Accounts Payable Automation and e-invoicing services offerings, including invoice automation with matching capabilities, data analytics, mobile technology, a supplier portal, and e-invoicing receiving solutions. Basware Accounts Payable Automation will be implemented via Software as a Service (SaaS) on Basware Alusta, a unified cloud-based platform for purchase to pay. Additionally, CHI will conduct e-invoicing over the Basware Network, which enables buyers and sellers to transmit e-invoices anywhere in the world in real-time. To maximize the cost-savings and advantages of e-invoicing for the company as well as its trading partners, Basware will help CHI to onboard its suppliers to the Basware Network.

About Catholic Health Initiatives
Catholic Health Initiatives, a non-profit, faith-based health system formed in 1996 through the consolidation of four Catholic health systems, expresses its mission each day by creating and nurturing healthy communities in the hundreds of sites across the nation where it provides care.One of the nation’s largest health systems, Englewood, Colo.-based CHI operates in 18 states and comprises 87 hospitals, including four academic medical centers and teaching hospitals and 24 critical-access facilities; community health-services organizations; accredited nursing colleges; home-health agencies; and other facilities that span the inpatient and outpatient continuum of care. In fiscal year 2013, CHI provided $762 million in charity care and community benefit, including services for the poor, free clinics, education and research. Learn more at www.catholichealthinitiatives.com.

About Basware
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.

Basware is the global leader in providing solutions for better buying, better selling and connected commerce. Find out how Basware boosts financial performance and profitability at www.basware.com. The company’s U.S. business, Basware, Inc., is headquartered in Stamford, Conn.

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