Purchase-to-Pay

Are CFOs ready to become Chief Performance Officers of the future?

If we started with a blank sheet of paper, would we design the Finance functions we have today? Possibly not, according to a recent hypothesis from PwC[1] about the CFOs of the future. Until recently, Finance has been tasked to lower costs, provide governance, and increase insight. These financial skills and disciplines will still exist in future, but it’s time to look beyond the old chestnut of...

7 Reasons Why P2P Automation is really a No Brainer

Are you still on the fence about getting a purchase to pay system? That’s understandable. There’s a lot of information out there, and it’s easy to get off in the weeds. Sometimes it helps just to take a step back and simplify things. Here are 7 reasons why purchase to pay automation is really a no brainer. 1. Improved cash flow By using automated purchase to pay (P2P) systems to better manage...

Gartner Procure-to-Pay research positions Basware in Leaders quadrant. Again.

At Basware we are proud to celebrate second consecutive year as a Leader in Gartner's Magic Quadrant (MQ) for Procure-to-Pay (P2P) Suites*. For inclusion in the 2016 Magic Quadrant for Procure-to-Pay Suites report, Gartner evaluated 12 different software vendors and I’m happy to have Basware placed in the Leaders quadrant, again! I share the views of Basware's CEO Esa Tihilä about our...

Cloud-based financial applications lets CFOs focus on business outcomes

Finance leaders in all types of organisations are grappling with a common challenge: the elusive goal of visibility and control. With only one in five companies able to forecast mid-term cash flow within 5% accuracy, it can be surprisingly difficult to answer seemingly simple questions: What are we buying right now? How much are we paying and under what terms? When is the best time for cash to...

Invoice processing best practices: replacing paper processes with accounts payable automation

The Efficient Company   At Basware, we’ve identified four stages that organizations go through as they become more automated and collaborative in their financial and procurement processes. Figure: 4 Steps to Financial Agility. We describe the four stages in our free e-book: A Guide to Networked Purchase-to-Pay. Download your free copy today. In this...

Welcoming Verian customers to the world's largest open business commerce network

In case you haven’t heard, on March 31 we welcomed a new addition to the Basware family - Verian. We acquired Verian because we value their expertise, skills and market leading solutions. With this leading cloud-based purchase-to-pay solution provider in the US now on board, we can leverage our complementary strengths and synergies, and we’re particularly delighted about what that means for...

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