With Record Implementation Times, Alusta Speeds up Invoicing, Delivers Process Efficiency
STAMFORD, Conn., – Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today announced that Truven Health AnalyticsTM, a major provider of analytical services and tools for the healthcare industry, has implemented the Basware Alusta cloud-based platform for business-to-business (B2B) transaction collaboration. Implementation of the platform was accomplished within a record 30-day timeframe, enabling Truven employees to quickly receive and send invoices electronically and conduct open collaborative commerce across their supply chain.
The Basware Alusta platform is the first technology of its kind to enable open collaborative commerce for companies of all sizes. By enabling key invoice processing and procurement functions to become automated, the new platform provides companies with the efficiency, visibility and control they need in their enterprise purchase-to-pay processes to improve their relationships with buyers and sellers.
“Alusta builds upon Basware’s strong leadership in e-invoicing and removes the complexity and cost to automate purchase-to-pay processes for companies like Truven Health Analytics,” said Robert Cohen, vice president, marketing, Basware North America. “We’re pleased to help Truven speed up its invoice processing cycle in the cloud, so it can better manage cash flow and eliminate paper-based invoices across its financial supply chain.”
Truven Health Analytics is using the Alusta platform to automate its invoice processing function. The solution was configured in a standard SaaS environment with integration to Oracle Financials. As part of the process, invoices are scanned by Truven with a capture and exchange solution, and then converted and processed on the Basware Network.
”Having an automated workflow system was a given for our company; it was only a decision as to which provider would meet our needs the best,” said Nicole Alexander, Accounts Payable Manager and Project Lead, Truven Health Analytics. ”I have used several different companies to do this process but I also knew that Basware has been a leader in this area for quite some time and has one of the best track records when it comes to international invoice processing. The implementation has gone exceptionally well and the Basware staff has been superb in responding to our questions and issues. Truven leadership has been very pleased with the Alusta solution and the support of all the Basware group.”
About Truven Health Analytics
Truven Health Analytics, formerly the Healthcare business of Thomson Reuters, delivers unbiased information, analytic tools, benchmarks, and services to the healthcare industry. Hospitals, government agencies, employers, health plans, clinicians, pharmaceutical, and medical device companies have relied on the company for more than 30 years. It combines deep clinical, financial, and healthcare management expertise with innovative technology platforms and information assets to make healthcare better by collaborating with customers to uncover and realise opportunities for improving quality, efficiency, and outcomes. With more than 2,000 employees globally, it has major offices in Ann Arbor, Mich.; Chicago; and Denver.