Basware scores also highest in five solution categories out of twelve: Invoice Creation, Capture and Receipt; Purchase Order Management; Payment Initiation and Execution; Reporting and Analytics; and Versatility
Organizations are increasingly automating their Procure-to-Pay processes using cloud technology that is typically more affordable and technically versatile compared to ERP based and on-premise solutions. Procure-to-Pay Solution providers with cloud-based P2P solutions have clear advantage because of their capabilities to bring more adaptability and efficiency into the P2P process. PayStream’s report is giving guidance on what should be considered when selecting best possible P2P solution and purchase to pay service for your organization’s purposes.
PayStream’s procure to pay report evaluates Procure-to-Pay solutions from 15 software vendors across 12 categories. Basware received highest score for Adaptability over any vendor that participated.
Report states also that: “Basware excels in its reporting capabilities, which include out-of-the-box dashboards with a full set of both ad-hoc and custom reporting tools, and in payments support - it offers versatile financing services options and can integrate with almost any payment tool to streamline invoice payment.”
PayStream Advisors, 2016 Procure-to-Pay Navigator Report
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