Espoo, Finland, 1 October 2018 – Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has signed a Purchase-to-Pay (P2P) deal with a premier entertainment company in Australia, to use Basware P2P cloud solutions for invoice automation, the scanning and capturing of information, and e-invoicing.
Basware’s new customer is owned and run by one of Sydney’s most famous families and was established more than 60 years ago. Today this customer has a portfolio of over 70 brands and venues and is reportedly worth more than $1 billion. The customer plans to connect their strategic suppliers electronically into Basware’s cloud systems, using a variety of tools to enhance their purchase to pay processes.
“Our customer’s brand is synonymous with quality and a great experience and that’s what we bring to their Purchase-to-Pay process by enhancing their ability to manage their accounts payable requirements using our cloud platform,” says Michael Pyliotis, Vice President, APAC at Basware. “Our customer will simplify invoicing for their suppliers while improving invoice data quality with Basware's PDF e-invoice solution, which they will be providing to hundreds of their suppliers. They will also benefit from advanced purchase-to-pay analytics which is built into the Basware solution and gives them powerful insights into their financial data.
With this win, Basware’s position as a leader in the Purchase-to-Pay software world has, yet again, been consolidated.
“With Basware, our new customer gains the ability to match their purchase orders from various sources with 100% of their invoices. They get more than e-invoicing or a purchase order platform – they gain full visibility into their invoices from their suppliers, regardless of what software solution their suppliers used to order goods and services. In addition, end users will be delighted with our SmartCoding technology that makes invoice coding and approval a walk in the park,” he concludes.
Basware (Nasdaq: BAS1V) is the global leader in providing networked source-to-pay solutions, e-invoicing and innovative financing services. Basware 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 organizations 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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