Ready to start a conversation? Get in touch with our solution experts
Want to know more? Get in touch with one of our partner managers
Say hello to fully automated processes with Basware Touchless Invoicing. Learn more
DNA boosts P2P efficiency & controls spend with Basware
One of Finland's largest telecommunications companies, DNA, managed to significantly increase the efficiency of its P2P process by opting for an automation-enabled solution.
Unnecessary manual tasks have been eliminated; productivity has accelerated, reporting has improved, and spend is easier to control than ever. Driven by external and internal reporting requirements requiring faster financial administration processes and month-end, DNA transformed its P2P process.
Before implementing Basware, DNA handled a large number of recurring invoices manually. A lot of time was spent processing invoices, which could be better allocated to more meaningful work. A “digitized manual process” was not enough: DNA wanted to significantly increase automation throughout the P2P process and began the search for a solution that could meet all its P2P needs.
Automation matching rate
One of the challenges faced by DNA was the lack of integration between its existing procurement and finance functions.
Procurement was dispersed over several systems and had no connection to the company’s finance function. There was also a significant amount of maverick spending taking place. Individual Procurement Managers were typically responsible for managing supplier contracts, making information about contracts challenging to access.
Cohesion and transparency across both functions were critical. DNA needed a multifunctional solution that could integrate with existing technology and automate everyday P2P tasks.
A process of change management was introduced, and all purchasing was mandated to go through the Basware systems. The end-users were provided training to learn how to use free-text form orders or pick out products from catalogs. At the same time, DNA suppliers we’re engaged to be on-boarded to the new system and guided on how to integrate.
In the beginning, we had to explain to suppliers what integration of their webshop to our e-procurement system with a punch-out solution meant, and in which format we wanted the catalog. Mikko Lampinen, Logistics Department Head, DNA
DNA adopted uniform contract templates and centralized contract management into the Basware Contract Lifecycle Management system. Automatic alerts were set up to monitor when contracts are close to expiration. Access was then set up to ensure contracts were readily available to procurement and legal departments.
Finally, cost centers and account coding were standardized and integrated to ensure every purchase could be correctly assigned to a budget. This also unlocked the ability for automatic payments to be made.
Today, a supplier’s online store can be integrated with DNA’s purchase-to-pay system in less than an hour, and catalogs can be delivered in minutes. Mikko Lampinen, Logistics Department Head, DNA
DNA has achieved its goals of enhanced predictability and faster month-end closing. User adoption has been strong, with DNA’s employees growing accustomed to the new P2P process and providing regular feedback to improve operations. Maverick spend has been reduced, and manual invoice processing is a thing of the past.
We now know that prices and account codes will be correct, so POs are automatically matched to invoice, eliminating the need for manual invoice approval.Kyösti Bergdahl ,Development Manager, DNA
Invoices no longer get stuck waiting for review and approval, and DNA has improved their paid on-time percentage. Over 50% of recurring invoices are automatically matched, and there is a 40% automatic matching rate for non-recurring invoices.
Supplier Relations have improved, with suppliers having a solid understanding of the procurement process and its requirements. A supplier’s online store can be integrated with DNA’s P2P system in under an hour, and catalogs can be delivered in minutes. The number of catalog and punch-out integrations is continuously increasing.
Finally, contract management has also improved. DNA can search for all valid contracts until further notice, or all contracts with a particular supplier – if needed, the original contract can be accessed immediately. This makes the management of contracts significantly more efficient. Employees save a lot of time now that contracts are in one place and can be searched using the relevant criteria.