Basware Solutions for the Biopharma Industry

Accounts Payable Automation solutions that make it all happen for Biopharma businesses

Pharmaceutical and biotechnology (biopharma) businesses are under growing pressure to demonstrate the value of its products and meet the increasing expectations of customers. To do this, they must optimise productivity and visibility throughout their financial processes.

With Basware, now it all just happens. Our AP Automation solutions allow Biopharma businesses to save time, resources, and costs by streamlining Accounts Payable processes, increasing accuracy, and eliminating manual processes – while ensuring full compliance and accountability.

Why Basware?
Achievable KPIs
Customer Success
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The benefits of AP Automation for the Biopharma sector

Capture every invoice with 100% accuracy by connecting all your suppliers with the largest open e-invoicing network.
Gain critical visibility over spend to contain costs and use funds more strategically.
Automatically match invoices to purchase orders, good receipts and contracts to achieve touchless invoice processing.
Ensure global VAT compliance and comply with global invoicing regulations.

Keep up with changing regulations by relying on our local expertise in countless global markets.
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Automate non-PO invoices using custom spend plans, AI coding, and better approval workflow.
Seamlessly integrate all your ERPs and other financial systems, no matter how many you use.
Develop a robust AP strategy with experts who know how to get a greater and faster ROI with an AP-first approach.

What can you achieve with Basware when True Automation happens?

89%

Touchless processing

99.7%

Electronic invoicing

85%

Paid on time

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API Case Study

Before partnering with Basware, API used manual methods to process nearly 1.1 million invoices annually. This process was laborious, painfully slow, and time-consuming – not to mention costly!

Raymond Walker, API’s Group Accounts Payable Manager, says “Basware AP Automation has truly transformed the way we do business. It has opened everyone’s eyes to information we didn’t have before and enabled us to take control of our AP operations. Thanks to Basware, we are benefitting from improved processes, increased accuracy, and significant annual savings.”

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Basware AP Automation stood out head and shoulders above the other solutions — no other was even a close second in terms of functionality and ease of use.

API

Biopharma Accounts Payable Benchmark Report

Biopharma products are getting smarter, but the industry often still relies on paper invoices and manual systems. In this benchmark report, we evaluate the 5 key performance indicators (KPIs) and benchmarks being achieved by biopharma companies using Basware to automate their accounts payable processes.

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Why customers work with Basware to make automation happen

True Automation

Cutting-edge technology powered by AI & ML that eliminates all manual processes

Complete Coverage

Global compliance capabilities and the ability to integrate with 250 ERPs across more than 190 countries

Deeper Expertise

40 years of specialized experience implementing best practices and reducing risk across finance operations

FAQs

What other industries do you support with AP Automation?

At Basware, we are proud to deliver an AP Automation solution that's versatile to meet the needs of many industries. We firmly believe that no industry should be left out when it comes to streamlining their accounts payable processes, which is exactly what companies achieve with our solution.

Whether you're operating in the biopharma, construction, consumer goods, education, energy and utilities, financial services, healthcare, hospitality, manufacturing, oil and gas, real estate, retail and ecommerce, or transportation and logistics industry, rest assured, we've got you covered.

Each of these industries has unique needs and challenges, and our solutions are tailored to meet those specific demands. To see how we serve your industry, visit our industry-specific pages and explore how we can make a difference in your accounts payable operations.

What is AP Automation?

Dive into the world of AP automation, where manual tasks are digitized for enhanced efficiency. Discover its mechanics, benefits, and financial considerations, alongside answers to common queries and strategies for stakeholder engagement. Learn more ->

Why choose AP Automation?

As businesses seek efficiency and cost-effectiveness, the transition from manual to automated accounts payable (AP) processes emerges as a pivotal strategy. Delve into the realm of AP automation, unraveling its multifaceted benefits and constructing a compelling business case for its adoption. Learn more ->

What are the AP Automation challenges?

Discover the landscape of AP automation, from its promising benefits to the hurdles it may present. Explore our guide to uncover insights and strategies for successful implementation and optimization.

What is the AP Automation adoption and implementation process?

Explore the practicalities of adopting and implementing AP automation, from understanding the process flow to developing a comprehensive project plan. Gain insights into key steps and considerations, accompanied by answers to frequently asked questions for a well-informed approach. Learn more ->

What is an Accounts Payable audit?

Check out our comprehensive Accounts Payable Internal Audit Checklist, covering everything you need to know about auditing your AP operations. From fraud detection to compliance assurance, this guide explores the importance of AP audits and internal controls, offering practical insights to streamline operations and enhance efficiency.