33 Countries, 2 Global Leaders, 1 P2P Solution: Basware and Valmet – a Case Study

When you’re a global company with a wide network of subcontractors, it’s important to find the right purchase-to-pay solution to meet your needs. This case study about Basware and Valmet demonstrates how two global leaders came together to make Valmet’s users’ lives easier, while improving processes, invoice and purchase orders, and matching rates at the same time.

Valmet may not be the world’s most familiar brand, but it is the world’s leading technology, automation and service provider for pulp, paper, energy, and processing industries and it operates in 33 countries around the world. With around 12,000 employees and a global network of subcontractors, it’s important for Valmet to be able to make internal changes to keep up with the external operating environment – and that includes ensuring their financial technology is keeping up with the times.

That’s why Valmet chose Basware, the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services, to speed up their workflow by improving their level of e-invoicing and purchasing across their global procure-to-pay process.

Valmet chose the Basware procure-to-pay solution for these reasons:

• Basware is easier to use

• It has a highly automatable purchase-to-pay process

• It met the group’s requirements

• It will be implemented in dozens of countries

• It complies with all the local legal provisions.

Taking advantage of purchase-to-pay automation

Before Basware, the challenge of working with two different invoice automation solutions and several ERP systems made integrating various business operations challenging. In addition, it was difficult to analyse procurement spend and do invoice processing efficiently. But they knew it was time to change.

“Changing two essential systems at the same time set the bar high. The invoice purchasing solution had to be flexible and abler to integrate into the new ERP system.” – Ahti Väätäinen

With Basware, however, they were confident that their requirements would be met, and the results speak for themselves:

“From the user’s point of view, Basware was the best choice. The user interface is easy to use and the reporting tools are exactly what we wanted.” – Ahti Väätäinen

This is just the beginning of the story, however. To find out more about the cost-benefit ratio and how Basware helped manage this kind of international implementation download the Valmet case study.