Saving money, reducing risk, and optimizing working capital are not just functions of procurement – these are goals that should be shared across the organization. When companies emphasize the “Power of We” with eProcurement to rally everyone across the spend ecosystem towards these goals, employees actually change their spending behaviors. This shift makes everyone into spend stewards, creating a system that ultimately becomes self-managing.
This new collaborative state of WeProcurement:
We have found that savings can double when WeProcurement is behind the design and rollout of an eProcurement system. And, really saving money is just the beginning – it’s the new strategic options that become available because of those savings that are giving companies a competitive advantage. This is why everyone in the company who buys goods and services has a role to play.
As companies adopt a WeProcurement approach alongside a full purchase-to-pay solution, the overall company mindset moves from execution of tasks to more deliberate spending that frees up working capital to fuel a variety of company programs and growth. Spend behavior is altered across the organization because employees begin to truly understand how their efforts add value, contribute to the overall success of the organization, and propel everyone ahead.
227% ROI with Purchase-to-Pay
Read about how these companies are benefiting from e-Procurement:
Streamline the purchasing process with automated, mobile-enabled purchase requisitions and ordering workflows that drive process efficiency, compliance and control – removing procurement teams from tactical day-to-day tasks and empowering strategic transformation.
Basware Purchase automates the procurement process by providing best-practice workflows that help you manage requisition review and approval, purchase orders (POs) and goods receipts processes. In addition, mobile and tablet apps give you anytime, anywhere access to the data you need, dramatically improving collaboration across your organization. It also enables you to reduce requisition-to-order cycle times, capture greater negotiated savings and increase value by bringing more spend under management.See less
Collaborate with your suppliers by inviting them to submit quotations and electronic product catalogs, manage their vendor data, and exchange purchase orders/confirmations/changes, invoices and discounts electronically without any hassle.
As result, you can easily conduct electronic requests for quotes (eRFQ), find new sources of supply, reduce transaction costs and strengthen existing supplier relationships by removing slow, manual and error-prone steps.
Our marketplace provides you with tools to easily run spot buying, review quotes and award winners. It provides full visibility into item-level catalog pricing changes and enables you to control changes before end-users can access them. Increasing coverage of “3 bids and a buy,” catalog and contract content encourages supplier participation and allows you to extract better value from your supply base, ensure compliant purchasing and realize greater savings.See less
Our easy, user-centric shopping experience increases employee satisfaction, adoption and spend compliance by only providing them with the information they need, when they need it, and nothing more so that they can make the best and most informed decisions and focus on their work.
Basware Purchase presents users with a straightforward, consumer-style shopping experience, complete with one-click requisitioning to make it fast and easy for employees to get what they need. The solution is incredibly user-friendly, combining unrivalled ease of use with an intuitive interface inspired by the best e-commerce sites. This encourages compliant purchasing and brings more spend under management, resulting in greater visibility, control and savings.See less
Increase contract visibility, control and compliance across the purchase-to-pay process by making your agreements available in real-time from Basware or any other Contract Lifecycle Management (CLM) solution.
Basware Contracts is a full contract lifecycle management solution that simplifies, automates and monitors contractual opportunities and obligations. It provides the real-time visibility you need to track milestone, spending and budget compliance. You can also increase the accuracy of cashflow forecasts based on long-term contracts, and effectively manage cash by tracking transactional anomalies, budgetary excesses and payment timelines.
Read more about contract management’s role in modern purchasing and finance in our white paper: Bleeding Cash No More – Effective Contract Management.See less
Benefit from both out-of-the-box and user created actionable insights into procurement KPIs, supplier quality and spend by category, supplier, organization, cost center, project, account and location.
Basware Analytics provides immediate visibility over all invoice spend and enables users to harness the power of data visualization in order to make better purchasing decisions. This unique P2P reporting solution provides stunningly visual process insights in real time, highlighting problems such as process bottlenecks and compliance issues. This allows procurement, finance and business users to share KPI metrics, makes decision-making fact-based and more agile, and enables everyone in the enterprise to contribute to your financial performance.See less
Track spending on assets and inventory in one seamless purchase-to-pay process. Save costs, conduct lifecycle value comparisons, and minimize inventory carrying costs while streamlining more business processes.
As employees use the e-Procurement system to request new assets and order repairs and services on existing items, all costs and warranty information are collected in the system. This helps you know the true value of each asset, as well as the best warranties and service contracts, and get the most useful life from your assets.
See everything you have in stock, where it’s being used, and how much is being used at various locations. This visibility into inventory enables you to identify bulk ordering opportunities and avoid spending money on items you already have in stock, while ensuring critical items are on-hand without excessive storage costs.See less
Basware offers purchase to pay solutions in the cloud which can be easily integrated with your existing ERP and materials management applications.
Basware has experience integrating with over 250 different ERPs. This means that integrating with your systems will be simple and straightforward.
Cloud services enable companies to avoid the time, cost and resource barriers that come with on-premise solutions. And, as your business needs change, your solutions can be adapted to meet those needs.See less
Gain deeper supply value with an agile e-sourcing solution to drive fact-based negotiations and competitive auctions.
Through our global partnership and packaged integration points with leading strategic sourcing solution provider Bravo Solution, we provide a collaborative sourcing environment in which you can structure your tenders and streamline the supplier evaluation process, with automated bid scoring on price and qualitative criteria. The strategic sourcing solution reduces the time needed to identify the right suppliers from weeks to days – and with Basware, the negotiated savings will be realized through compliant operational purchasing.See less
Designed to overcome the key barriers to e-Procurement success: end-user acceptance and adoption. We offer an end-user experience inspired by the most intuitive consumer e-commerce sites. The result: more savings and purchasing compliance.
Send purchase orders as e-orders and receive confirmations seamlessly integrated to your P2P processes.
Comprehensive hosted catalog management service receives electronic product catalogs from your suppliers.
Operational contract lifecycle management for compliant purchasing - to help realize negotiated savings and value.
Increase spend under management and gain insights into spend, realize significant cost savings, and increase supplier value.
Globally scalable, complete solution to the entire purchase-to-pay cycle enables you to transform your procurement and AP process.
Give us some contact details and we can arrange a call to discuss your exact requirements with no obligation.Contact Us