Customer case study: The new generation of Basware Invoice provides accounts payable automation for FIM Group

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FIM is an investment services company. Their 200 investment services professionals offer investment, savings, and asset management services to suit the individual needs of their private, corporate and institutional customers.

In the summer of 2012, FIM Group’s Finance department realized that their current system for processing purchase invoices, Basware Invoice Processing, was nearing end-of-life, and no longer met their reporting needs. The group wanted a new system that would not only meet their needs today, but also be able to expand its capabilities in the future as FIM Group’s needs grew. They selected the new Basware Invoice solution, built on the Alusta platform.

Read this success story to hear how easily FIM transitioned to the new system and about how they are already benefiting from increased invoice automation, and faster reporting.

“Now, whenever we receive an e-invoice, matching data is automatically retrieved from the accounting system. This speeds up and automates the process of sending the invoice to the workflow. We have also seen considerable improvements in the allocation of costs between different companies, which has made coding and the invoice workflow faster”, says Jussi Noponen, Financial Manager at FIM.