Basware Solutions for the Healthcare Industry

Accounts Payable Automation solutions that make it all happen for the Healthcare Industry

Cost containment has always been a significant concern for organizations in the healthcare sector.

Through the automation of accounts payable processes, companies in this sector can save time, ensure compliance, and gain full visibility. This allows them to focus on supporting patients and stakeholders, rather than administrative back-office duties.

With Basware, now it all just happens. Our AP Automation solutions for the healthcare industry empower every step of the accounts payable process to deliver efficiencies and cost savings while ensuring full compliance and accountability.

Why Basware?
Achievable KPIs
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The benefits of AP Automation for the Healthcare sector

Capture every invoice with 100% accuracy by connecting all your suppliers with the largest open e-invoicing network .
Gain critical visibility over spend to contain costs and use funds more strategically.
Automatically match invoices to purchase orders, good receipts and contracts to achieve touchless invoice processing.
Ensure global VAT compliance and comply with global invoicing regulations.

Keep up with changing regulations by relying on our local expertise in countless global markets.
Automate non-PO invoices using custom spend plans, AI coding, and better approval workflow.
Seamlessly integrate all your ERPs and other financial systems, no matter how many you use.
Develop a robust AP strategy with experts who know how to get a greater and faster ROI with an AP-first approach.

What can you achieve with Basware when True Automation happens?

89%

Touchless processing

99.7%

Electronic invoicing

85%

Paid on time

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HCR ManorCare Case Study

A longstanding customer with Basware, HCR ManorCare transformed from Basware’s on-premise solution to Basware AP Automation.

HCR ManorCare has embarked on a transformation from an entirely manual and paper-based world to a streamlined and automated future. On that journey, they have unlocked significant cost savings and productivity gains.

Download now to learn how HCR ManorCare removed $2m in over-payments entirely.

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Basware fundamentally changed AP’s role. The AP organization, which shrank over time from 38 to 4 people, now focuses on exceptions. Account recovery audits were finding nearly $2 million per year in duplicate invoices and overpayments errors – recoveries have been reduced to occasional exceptions. Today, most invoices are processed on the same day they are received

Dave Danko, Business Solutions Product Manager, HCR ManorCare

Healthcare & Pharmaceutical AP Benchmarking Report

Just like with medicine, determining a baseline and setting targets for improvement are key to success in AP automation. Our Healthcare & Pharmaceutical benchmark report identifies five Key Performance Indicators and benchmarks being achieved by pharmaceutical and healthcare organizations using Basware to automate their accounts payable processes.

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basware-healthcare-benchmarking-report

Why customers work with Basware to make automation happen

True Automation

Cutting-edge technology powered by AI & ML that eliminates all manual processes

Complete Coverage

Global compliance capabilities and the ability to integrate with 250 ERPs across more than 190 countries

Deeper Expertise

40 years of specialized experience implementing best practices and reducing risk across finance operations

FAQs

What other industries do you support with AP Automation?

At Basware, we are proud to deliver an AP Automation solution that's versatile to meet the needs of many industries. We firmly believe that no industry should be left out when it comes to streamlining their accounts payable processes, which is exactly what companies achieve with our solution.

Whether you're operating in the biopharma, construction, consumer goods, education, energy and utilities, financial services, healthcare, hospitality, manufacturing, oil and gas, real estate, retail and ecommerce, or transportation and logistics industry, rest assured, we've got you covered.

Each of these industries has unique needs and challenges, and our solutions are tailored to meet those specific demands. To see how we serve your industry, visit our industry-specific pages and explore how we can make a difference in your accounts payable operations.