ESPOO, Finland, December 4, 2017 - Basware, the leading provider of Source-to-Pay (S2P) solutions, has released Supplier Quality Analytics, a dashboard that transforms supplier transaction records into business intelligence to improve everyday decision making, operational performance and the bottom line.
The Supplier Quality dashboard brings Basware customers more value from S2P by turning the data captured during procurement transactions into insights on how suppliers are performing against targets. These actionable insights help organizations develop better sourcing strategies, build high-performing supply chains and reduce supply chain risk.
“To build high-performing supply chains, companies need to get visibility into all transactional data, from both direct and indirect spending. Our new, interactive dashboard consolidates the historical transaction data from all suppliers for analysis to identify exceptions by supplier and process bottlenecks. This empowers customers to take corrective actions and reduce the risk of costly supply chain disruptions. For some customers it could mean closer collaboration with suppliers to improve the quality, while for others it can mean supplier base rationalization,” says Sami Peltonen, VP of Purchase to Pay Product Management, Basware.
An efficient supply chain is critical to company success and can also be the source of product innovation and differentiation. The supplier quality dashboard helps companies achieve supply chain excellence by monitoring:
- Lead time measures
- Order fulfilment measures
- Delivery quality measures
“Our mission at Basware is to help customers simplify their operations and spend smarter. We deliver on this promise by arming customers with new capabilities and innovation. Our continuous investment in developing advanced analytics to harness the power of financial data is evidence of this commitment,” adds Sami Peltonen.
Basware is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at www.basware.com.
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