In 2018, a private equity investor purchased INNIO Jenbacher from its parent company General Electric
For the first time, INNIO required its own standalone accounts payable (AP) system, and with the carve-out from GE dictating the schedule, the system needed to be implemented at speed.
With a large volume of PDF invoices, INNIO looked for a flexible solution with sufficient recognition software and mailroom services. The solution needed to support INNIO in multiple markets and help with their vision of centralising AP services in one location.
Finally, the solution needed to fit into INNIO’s best-of-breed approach and integrate with INNIO’s Oracle ERP.
How INNIO achieved 100% data recognition with Basware
After reviewing six vendors, INNIO selected Basware due to its open architecture, high invoice recognition capabilities, and global mailroom services. INNIO was assigned a dedicated project team for implementation responsible for monitoring and resolving issues as the solution was rolled out to the different legal entities.
While initially opting for the standard “out-the-box” solution, INNIO later worked with Basware’s consultants to develop a more bespoke set up to fit their exact needs and revised internal processes to drive up automation levels.
Additionally, a supplier enablement campaign was launched to educate suppliers in onboarding to the Basware Supplier portal.