Business Goals

Financial agility

Solution

Get full spend visibility by automating your Accounts Payable process. When you know your spend, you have the freedom to unlock working capital for more strategic uses – reducing the need for borrowing, lowering your cost of capital, lowering your exposure to currency fluctuations.

Learn how Basware helped Acco Brands achieve full cash flow visibility

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100% procurement transparency

Solution

Gain company-wide visibility of contract terms, conditions and pricing. Direct your spend to preferred suppliers to leverage favorable terms and ensure strict compliance to eliminate maverick purchasing. Implement and enforce a ‘No PO, No Pay’ policy for full control of spend, and automate your invoice processing and payment processes.

Learn how Basware helped City of Helsinki achieve full procurement transparency

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Straight through processing

Solution

Redirect your resources to more strategic purposes when you eliminate paper and manual data entry & matching from your Purchase-to-Pay processes – a significant source of unnecessary costs. Automated processing and matching speeds up processing times allowing for qualification of early payment discounts and avoidance of late payment fees for further savings.

Learn how Basware helped ABB achieve straight through processing

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Alignment of Procurement and Finance

Solution

Agility is all about moving fast, moving easily. Achieve this in your company with an automated Purchase-to-Pay strategy. By adopting Invoice Automation and eProcurement, you instantly gain full spend and cash flow visibility. Finance is then able to unlock working capital for more useful purposes while Procurement spend can be harmonized with company strategic planning and implementation.

Learn how Basware helped Elcoteq Tallinn AS align their Procurement and Finance

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Federated Purchase-to-Pay accountability

Solution

Eliminate the middle man to strengthen your agility. When you have full Purchase-to-Pay in place, you can extend the reach of catalog purchasing to non-purchasing staff. With automated budget checking and approval, let the source of the demand attend to the ordering. Procurement professionals can be free to concentrate on sourcing and negotiating for better outcomes.

Learn how Basware helped Crown Worldwide Group

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Enabling Open Commerce

Solution

Get global reach instantly with the Basware Open Network. When you have the ability to offshore your sourcing to more competitive suppliers, you need a secure and fast way to connect for easy purchasing and payment. Connectivity enables the uploading and management of supplier catalogs and for the free flow and automated processing of e-invoices with Invoice Automation. Whatever the currency, wherever the supplier – Basware Purchase-to-Pay solutions can help make it happen.

Learn how Basware helped Metso achieve collaborative global commerce

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Ensured compliance and mitigated risk

Solution

A strategy is only as good as your compliance measures. Ensure adherence to spend policies with eProcurement and Contract Lifecycle Management solutions to eliminate maverick spending. At the same time, you can reduce abuse- and error-prone expense processing with Travel & Expense Management. By aligning your Procurement with Finance, you can ensure supply and currency risks are mitigated.

Learn how Basware helped the Danish Agency for Governmental Management ensure compliance and reduce their risk

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The road to Purchase-to-Pay success starts here. Balance your cost, cash, and capital with Basware.

Business Goals

Financial agility

Solution

Learn how Basware helped Acco Brands achieve full cash flow visibility

Read more about Basware solutions

100% procurement transparency

Solution

Learn how Basware helped City of Helsinki achieve full procurement transparency

Read more about Basware solutions

Straight through processing

Solution

Learn how Basware helped ABB achieve straight through processing

Read more about Basware solutions

Alignment of Procurement and Finance

Solution

Learn how Basware helped Elcoteq Tallinn AS align their Procurement and Finance

Read more about Basware solutions

Federated Purchase-to-Pay accountability

Solution

Learn how Basware helped Crown Worldwide Group

Read more about Basware solutions

Enabling Open Commerce

Solution

Learn how Basware helped Metso achieve collaborative global commerce

Read more about Basware solutions

Ensured compliance and mitigated risk

Solution

Learn how Basware helped the Danish Agency for Governmental Management ensure compliance and reduce their risk

Read more about Basware solutions