Purchase to Pay

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Drive business growth and new profit streams

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Are you ready transform Accounts Payable into a profit center while strengthening your supply chain?

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Unlock a new era of financial agility with networked purchase-to-pay. Drive enhanced cash-flows and new ways to manage working capital. Networked Purchase-to-Pay empowers businesses to tap into new profit streams. Deep collaboration between finance, accounts payable (AP), procurement, treasury and trading partners enables the financial supply chain to become a powerful just-in-time tool for financing and payment.

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Where are you on the road to financial agility?

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Are you focused on getting rid of paper and breaking down silos? Accounts payable automation and e-invoicing save both time and money. Align Finance Control, Accounts Payable, Treasury and Procurement to create a coherent purchase-to-pay process.

Are you building strategic relationships with suppliers? Strategic relationships with suppliers can create significant value for both your company and your suppliers.

Have you achieved world class performance across P2P?  Integration and optimization at every stage of the P2P process brings operational excellence that impacts bottom-line performance. By networking with your suppliers and customers you have taken control of both the information and financial supply chains, and leveraged ‘best-fit’ payment programs to manage working capital.

Download our Guide to Networked Purchase-to-Pay to identify where you currently are in terms of purchase-to-pay maturity, and the steps we recommend you take to reach a world-class level of financial agility. 

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Section Title: 
Networked Purchase-to-Pay Solutions

Analytics – for better decisions

Actionable insights across Purchase-to-Pay with ready-to-go analytics solution that empowers everyone with the visibility they need to make better financial decisions.

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Actionable insights across Purchase-to-Pay with ready-to-go analytics solution that empowers everyone with the visibility they need to make better financial decisions.

 Basware Analytics delivers the real-time insights to proactively manage spend and financial performance, identify process bottle-necks, improve cash flow and enhance supplier relationships. It provides 100% visibility across Purchase-to-Pay, giving you actionable insight into what you spend, with whom and whether you should do so again. Users are able to create and share stunning visualizations of spend, purchasing and AP performance metrics across multiple locations and devices. All the information needed is always available to enable financial agility.  

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AP Automation – for greater efficiency

Basware AP Automation provides financial control, insights and efficiency over purchase invoices - in SaaS and on-premise.

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Basware AP Automation provides financial control, insights and efficiency over purchase invoices - in SaaS and on-premise.

Basware enables companies to gain full control over their invoice handling processes and automate their AP. Smarter, streamlined AP automation combined with e-invoicing enable a degree of financial agility not seen before. The result is assured compliance, improved invoice management, optimized payment timing, reduced costs and increased productivity. AP Automation gives insights needed to proactively manage cash flow, liabilities and working capital across the organization. 

Read more about Basware Accounts Payable Automation solutions

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E-Procurement – for people-friendly purchasing

Enable compliant purchasing across your business by transforming e-Procurement into an easy, consumer-style online shopping experience.

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Enable compliant purchasing across your business by transforming e-Procurement into an easy, consumer-style online shopping experience.

Basware's e-Procurement maximizes end-user adoption so you can control spending and boost compliance in the most cost-optimized way. It improves contract compliance, catalog content capture, purchase requisitioning and ordering processes. It delivers more control over spend, and captures more of negotiated savings via greater end-user adoption, mobility and collaboration with suppliers. We make it simple for trading partners to connect, collaborate and transact anywhere in the world. 

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Travel & Expense Management – ensuring compliance

 Streamline and save costs on your employee expense control process, and manage indirect spending accurately. 

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 Streamline and save costs on your employee expense control process, and manage indirect spending accurately. 

Basware Travel & Expense Management accelerates reimbursement times through more efficient corporate travel management processes, maximizes compliance with internal policies and external regulations and reduces the cost of T&E processing by as much as two-thirds. Mobile access makes expense management convenient and improves employee satisfaction. With Basware Travel & Expense Management, you can proactively control demand and provide actionable intelligence across the entire expense claims process. 

Read more about our Travel & Expense Management solutions

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E-invoicing – go paperless today

Switch immediately from manual, paper-based processes for improved process automation and better working capital management. 

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Switch immediately from manual, paper-based processes for improved process automation and better working capital management. 

A single solution to meet all your e-invoicing requirements: Basware’s e-invoicing services integrate with your payables and receivables systems, providing you with one access  point from which to send and receive all your invoices electronically. Connecting with customers and suppliers for e-commerce is often complex, especially if you have a large, global supply chain. Basware e-Invoicing removes the complexity of global e-commerce and provides one platform connecting you and your trading partners with automatic format conversion, tax compliance assurance and activation services to help you build your network E-invoices makes processing outbound or incoming invoices easier, faster and more productive. By moving to e-invoices today, you could cut AP costs by as much as 90%. 

Read more about receiving e-invoices with Basware

Read more about sending e-invoicing with Basware

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Financing Services – take control of your financial supply chain

The scale of the Basware Commerce network provides new payment and financing choices for buyers and sellers.

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The scale of the Basware Commerce network provides new payment and financing choices for buyers and sellers.

Basware Financing Services enables you and your suppliers to optimize cash and working capital through digital participation in the Basware Commerce Network. There are multiple payment and funding options to choose including: a global e-Payment solution, dynamic discounting and invoice financing. Financing Services on the Basware Commerce Network provide options for buyers to provide a variety of early payment programs to their suppliers and at the same time can chose to either fund the early payments themselves and capture discounts or pay via 3rd party funding in order to extend their days payable outstanding. Additionally, suppliers can, via the network, take advantage of 3rd party invoice financing outside of any payment program offered by their customers. Financing Services on the Basware Commerce Network are unlocking value from the financial supply chain and letting commerce flow.

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Cloud-based with easy integration

SaaS enables fast, cost-effective deployment. Our experience with over 250 different ERPs means integration with your IT back-end is simple and straightforward. 

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SaaS enables fast, cost-effective deployment. Our experience with over 250 different ERPs means integration with your IT back-end is simple and straightforward. 

 At Basware, solutions come in both cloud and on-premise. This enables companies who choose SaaS to overcome the time, cost and resource barriers of on-premises technology. Basware's system integration services ensure seamless integration with your existing ERP and materials management applications. And, as your business changes over time, your business solutions easily evolve with it. 

Those customers who prefer on-premise deployment can deploy Basware’s solutions in traditional way. 

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Packages

Packages Title: 
Purchase to Pay

Description: 

Whether you’re a growing business or global enterprise, choose from simply getting off paper all the way to fully automated purchase to pay (P2P).

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Purchase to Pay

Complete networked P2P solution

Globally scalable, complete solution to the entire purchase-to-pay cycle enables you to transform your procurement and AP process.

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  • Collaborate and transact with suppliers in the world’s largest open B2B network
  • Exchange catalogs, purchase orders, and invoices electronically
  • Go 100% paperless on day 1 in AP with fully outsourced Scan & Capture
  • Choose to scan invoices with CloudScan and use Basware’s validation service
  • Increase spend under management through consumer-style shopping experience
  • Visibility and actionable insights into your P2P process, spend and suppliers
  • Best practice purchase requisition and invoice workflows with approval automation
  • Match invoices automatically and manually to Purchase Orders and Payment Plan
  • Review and approve purchase requisitions and invoices on your phone and tablet
  • Perform accurate forecasting for effective management of working capital
  • Adapt purchase-to-pay process to your business needs with extensive configuration

AP Automation

Visibility and control to effectively manage cash

Feature-rich and configurable solution to automate the most demanding environments. Easily expandable to a full P2P.

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  • Receive E-invoices through the world’s largest open commerce network
  • Go 100% paperless on day 1 in AP with fully outsourced Scan & Capture service
  • Choose to scan invoices locally or use Basware’s capture and validation service
  • Gain full visibility to your entire invoicing process
  • Deploy best practice invoice workflow with advanced invoice approval automation
  • Perform accurate forecasting for effective management of working capital and cash flow
  • Match invoices automatically and manually to Purchase Orders and Payment Plans
  • Review and approve invoices on your phone and tablet
  • Adapt invoice processing and matching to your business needs with number of options

Procurement

People-friendly, collaborative purchasing

Increase spend under management and gain insights into spend, realize significant cost savings, and increase supplier value.

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  • Consumer-style shopping experience with one-click catalog-based purchasing
  • Flexible free-text forms to manage services procurement and capture input
  • Integrated supplier catalogs to capture items to your shopping cart
  • Comprehensive catalog content management with self-service tools for suppliers
  • Highly configurable requisition workflows for increased compliance and control
  • Easy analytics for actionable procurement insights with stunning data visualization
  • Electronic exchange of purchase orders, confirmations and changes with suppliers
  • Goods receipt in full or partial receiving, order rejections and cancellations
  • Anytime, anywhere access from mobile and tablet devices

INVOICEREADY™

Ideal for growing businesses

Rapidly adopt a paperless AP process for smaller and growing businesses in per-transaction pricing model.

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  • Receive E-invoices through the world’s largest open commerce network
  • Go 100% paperless on day 1 in AP with fully outsourced Scan & Capture service
  • Gain visibility and control over invoices with automatic coding
  • Automate recurring invoices with automatic matching against contracts
  • Deploy one workflow across all P2P processes
  • Increase control to purchasing with requisition process and archiving
  • Process travel plans, travel expenses and expense claims electronically
  • Connect to your ERP system through standard interface
  • Review and approve all business documents on your mobile or tablet devices

Free implementation advice

Give us some contact details and we can arrange a call to discuss your exact requirements with no obligation.

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Purchase to Pay articles from the Basware knowledge center