Simplify operations and spend smarter with a holistic approach that delivers 100% spend visibility
Look no further. If streamlining your financial processes, gaining visibility into your overall spend, and releasing working capital from your supply chain are on your to-do list, a full source-to-pay solution can get you there quicker. And Basware is the only solution that can empower you to capture 100% of your financial data to get 100% spend visibility.
Paper-based processes are a drain on an organisation's limited resources. If you are not leveraging automation your employees are spending their time on tactical data entry activities, money is being lost every day because you are:
Struggling to control spending and enforce purchasing policies
Handling a lot of exceptions and disputes in your AP department
Dealing with strained supplier relationships and late fees
Unable to get visibility on how money is being used.
With paper and manual processes, your financial data is probably scattered throughout the organisation, making it difficult to collect, organise, and analyse. If you don't have an automated source-to-pay solution, you're likely unable to:
Get 100% spend visibility and apply analytics
Derive actionable insights for process improvement, supplier quality, and fraud detection
Make informed, strategic decisions based on real-time, complete data.
A disjointed source-to-pay process means that your ability to form strategic partnerships with suppliers is limited. You're likely feeling this pain if you're experiencing:
Difficulty validating suppliers and supplier data
Uncertainty about fraud potential
Trouble right-sizing the supply base
Strained supplier relationships due to late payments, exceptions, and lacking communication
Concern about supply chain risk.
With the largest and most adaptive business network that easily on-boards 100% of suppliers, a true AP automation hub that captures 100% of invoices, and an e-procurement solution that enables 100% user adoption, Basware Source to Pay is the only solution that delivers 100% spend visibility. Complete data capture and a powerhouse of business analytics arm you to save money, make growth a reality, and propel your organisation into the future.
“Cost cutting is a huge priority for any business. When you see numbers like that [they saved £400k annually], it really highlights the efficiencies and cost savings that automating your processes can bring.”
Propel your business forward with the market-leading end-to-end P2P solution. Join the largest open business network and leverage actionable analytics to create efficiencies, improve forecasting and grow your business.
The greatest benefit of source-to-pay automation is the collection and aggregation of financial data across your entire operations in one single platform. Basware is the only solution with the capabilities to capture 100% of your data and empower you with ways to take action on it. When you're able to on-board all of your suppliers, capture all invoices from direct and indirect spending, and get everyone using the e-procurement solution, ultimately what you get is 100% visibility across all of your enterprise spending - and that's a powerful thing.
This visibility is the key enabling you to:
Source-to-pay automation eliminates the tedious, manual activities that slow-down your process, run-up costs, and make business difficult.
Once your workflows are automated for optimal speed and efficiency, you can expect to:
Automating your source-to-pay process means peace of mind. Moving away from paper-based, manual processes gives you the tools to:
Gartner Magic Quadrant for P2P
Forrester 2017 Vendor Report
Leader in the 2018 IDC MarketScape
Basware Source to Pay is delivered over our network - the largest and most compliant, adaptive network in the world. Joining it means you'll gain access to 220+ global partner networks and over 1 million buyers and suppliers. Your organisation can use the Basware Network to send and receive purchase orders and invoices, manage vendor data, collaborate with partners, create or join payment programs, and take advantage of financing services to enable better cash flow management.
Read more about the Basware Network here.
The best way to achieve 100% user adoption is to give users a procurement solution that fits in with the way they already work. With its compliant, consumer-like shopping experience, and advanced search abilities, users can easily and quickly find what they need. And when it's that simple, users will find little reason not to use the solution every time. After the user places the request, users can get what they need quickly thanks to line level approval workflows, ensuring that as items are approved, POs are created, and orders are placed without holding up the entire order for lagging approvals.
Basware's AP Automation solution processes 100% of your invoices. That means EDI, XML, paper, PDF, PO and Non-PO invoices for direct and indirect spending are all accepted on the Basware Network and converted into true e-invoices. All your invoices are automatically matched through invoice, PO, goods receipt, quality check, contract, and other means at the line level and header level - creating a touchless AP process and minimising exceptions. Our global compliance automatically ensures you're meeting various country regulations and tax requirements.
Read more about AP Automation here.
Many global corporations have multiple ERP systems, leading to costly integration projects for your IT team. With multiple ERP systems, your financial data is disjointed. But, with Basware, you don't need to worry - everything you need for integration lives in our purchase-to-pay solution itself. So, Basware can easily, quickly, and simultaneously integrate with all your ERP systems (we've done it for over 250 ERPs), making it the true central hub for all your financial data. Our solutions come with certified ERP intelligence, enabling seamless interoperability with the world’s leading ERP systems, including SAP, Oracle, and Microsoft Dynamics.
Learn more about how we integrate here.
Basware Analytics is your powerhouse of business insights. Using your financial data, a range of staple reports and dashboards help you analyse key procurement, AP, and finance metrics and take action on the information you see. You can perform granular analysis of your data to improve processes, identify and correct issues, analyse spending patterns, forecast cash flow, and make better informed decisions. Source-to-pay analytics enable you to easily track progress against goals, benchmark your success against top performing companies on the Basware Network, streamline processes, spend smarter, and more.
Learn more about Basware Analytics.