LähiTapiola wanted a centralized view on group-level business expense procurement. With the help of Basware invoice automation, LähiTapiola is looking to get 50% increase for invoice automation this year and 70% the year after, saving millions in acquisition costs each year.
Espoo, Finland, 25 July 2018 – Basware, the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has helped its long-term partner LähiTapiola to get a centralized view on procurement and reach invoice automation of up to 70% in the coming year. With Basware’s cloud-based P2P solution, LähiTapiola can save millions in acquisition costs each year.
“We had a poor procurement visibility at group level. Also, reporting was inefficient and retrospective. For us, it is important to have a process that can be audited,” says leading expert Jari Koivumäki from LähiTapiola.
“We wanted to get a solution which is user-friendly and doesn’t require too much training. It also has to support the entire process from purchasing to payment and be cost-effective. Basware’s analytics solution is very advanced and I believe that it will provide us with valuable data,” Koivumäki continues.
Basware’s cloud-based P2P solution not only gives LähiTapiola a better-centralized procurement organisation, but also a procurement network and category teams focusing on the procurement of different products and services.
“The change has increased motivation for our people, as we now have a group of procurement experts. Now we can move from requesting quotes to negotiations and tendering. On an organisational scale, more working time is freed from retroactively inspecting and approving invoices to bringing more added value to our customers,” Koivumäki explains.
Basware is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organisations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at www.basware.com.
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