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Easily connect to your suppliers through catalogs and punchouts - with Basware Marketplace, now it all just happens.
Basware delivers a comprehensive an online B2B marketplace, enabling you to connect to your suppliers through catalogs and punchouts. We drive supplier adoption by making it easy for your end-users to find the products and services they need to do their jobs.
Suppliers can create catalogs within the Marketplace and customize them for key customers with relevant products and pricing, so they can reuse the same content for multiple customers, significantly reducing the effort involved in catalog management. Alternatively, suppliers can also leverage punchouts if they want to manage the catalogs on their end. This increases supplier adoption and also ensures that end users have access to the most up-to-date products and pricing in the Marketplace.
One of the key drivers to user adoption of any procurement solution is the availability of products and services that users want to procure. Basware Marketplace makes it easy for organizations to make these available by allowing procurement professionals or admin users on the buyer side to manage purchasable content on behalf of suppliers, through agent agreements.
Online stock integration – from both supplier systems and internal inventory solutions – means that requisitions have easy visibility into item stock levels and can avoid unnecessary review and approval of non-available items. Once suppliers have provided their content in the Marketplace catalogs, there is no further effort involved for future updates to stock information. Integration through automated file transfer allows for frequent inventory updates, without the need for human intervention.
Basware also supports collaboration and communication between buyers and suppliers, especially when it comes to any changes made to the catalog content. The solution is flexible to allow buyers to determine whether changes to catalogs or items need to go through an approval workflow or can be approved automatically. For example, minor updates like changes to product images can be made without the need for approval, whereas any price changes will need approval by the buyer.
Globally operating organizations using Basware AP Automation with a desire to streamline indirect spend across all locations
Shared Service Centers with a need for streamlined processes
Multi-ERP environments by integrating with any ERP
of invoices associated to POs and spend plans
First-pass match on associated invoices
of invoices ready to pay before due-date
With guided purchasing and up-to-date catalogs, Basware Marketplace ensures employees primarily purchase from preferred suppliers at negotiated prices.
Self-service tools for the management and distribution of e-catalogs to one or more buyers increases supplier adoption and also ensures that end users have access to the most up-to-date products and pricing.
Armed with data and visibility into company spending, you will be in a better position to drive operational savings, ensure compliance with negotiated contracts, and consolidate spend.
Download our free Factsheet 'Basware Marketplace' now.
We want our employees to have a positive attitude towards the e-procurement system, so implementation has been carried out in cooperation with the users.
With Basware eProcurement, our adoption rate surged 30% and our savings increased 25% over the previous year.
Thanks to the Basware solution,we’ve been able to implement a new culture that is focused on procurement as a strategic process
Cutting-edge technology powered by AI & ML that eliminates all manual processes
Global compliance capabilities and the ability to integrate with 250 ERPs across more than 175 countries
40 years of specialized experience implementing best practices and reducing risk across finance operations
Book a consultation call with our solutions experts to discuss the benefits of catalog management in your organization.