GfK Selects Basware and Leading Systems Integrator to Automate Invoice Processing
Solution will Increase Visibility, Control, Accuracy and Throughput, While Reducing Costs
Basware, the global provider of purchase-to-pay solutions, and the Advanced Capture Team, a leading systems integrator, have announced that GfK has selected Basware’s Invoice Automation solution. GfK, one of the largest market research companies in the world, is implementing the new technology at its Shared Service Center to centralize and streamline invoice processing practices across North America.
“We are focused on achieving invoice processing excellence and we selected Basware Invoice Automation to help us streamline our processes, and gain greater visibility and control,” said Steven Barnstable, Vice President and Operational Controller for GfK. “We also expect to benefit from improved reporting and easier compliance, as well as reduced processing time and costs."
GfK will scan and capture paper and email invoices and send them electronically to Basware Invoice Automation. By eliminating the manual processing of its 50,000 annual invoices, GfK will reduce paper as well as benefit from productivity gains. Implementation of the invoice automation solution began on March 31, 2011.
“Along with our partner, the Advanced Capture Team, we look forward to helping GfK leverage invoice automation to gain greater visibility and control,” said Bob Cohen, vice president of marketing, Basware, North America. “Our technology will enable GfK to gain key insights into spend and cash flow so it can manage them more effectively.”
The GfK Group is one of the largest market research companies in the world. The Group has a staff complement of 10,000+ employees working in 150 operating companies covering more than 100 countries of the world who deliver the knowledge on markets and sectors which our clients need for their decisions. The GfK Group is headquartered in Nuremberg, Germany.
About The Advanced Capture Team
The Advanced Capture Team was founded by industry leading consultants. Advanced Capture’s primary charter is building a customer focused systems integration firm delivering Image Capture and Document Centric workflow and Enterprise Content Management (ECM) solutions. Advanced Capture’s consultants are recognized in North America for solving complex Invoice Processing business issues for global companies. In addition to Professional Services, Advanced Capture is a premier reseller of a select group of “best of breed” software applications. More information can be found at www.advancedcapture.com.
Basware is the global leader in purchase-to-pay solutions with more than 1,000,000 users in over 60 countries. The Basware Open Network for e-invoice and purchase message transactions today connects more than 320,000 companies globally. With Basware, organizations can reduce the cost of buying and paying for goods and services and gain visibility and control of their entire spending process by automating manual processes, from sourcing, contract management, purchasing and supplier collaboration to invoice automation. Basware solutions and services enable companies to improve cash positions, optimize working capital and maximize the agility of their finance operations across the purchase-to-pay cycle. The solutions are distributed and implemented, either on site or as a service, in Europe, the US, and Asia-Pacific through an extensive network of Basware offices and business partners.