Basware Solutions for the Consumer Goods Industry

Accounts Payable Automation solutions that make it all happen for companies delivering Consumer Products

The consumer goods industry has traditionally thought of innovation in terms of product development, manufacturing, or consumer interaction. Unfortunately, this meant financial innovation and the development of these processes never got much attention.

With Basware, now it all just happens. Our AP Automation solutions allow producers of consumer products to automate more tasks than other solution providers, creating a touchless experience with less human intervention and more efficient processes.

Our artificial intelligence (AI) and machine learning functionality is available at every stage in the process, so you can optimise processes and redirect limited resources to more strategic activities.

Why Basware?
Achievable KPIs
Resources
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The benefits of AP Automation for the Consumer Goods sector

Capture every invoice with 100% accuracy by connecting all your suppliers with the largest open e-invoicing network.
Gain critical visibility over spend to contain costs and use funds more strategically.
Automatically match invoices to purchase orders, good receipts and contracts to achieve touchless invoice processing.
Ensure global VAT compliance and comply with global invoicing regulations.

Keep up with changing regulations by relying on our local expertise in countless global markets.
Automate non-PO invoices using custom spend plans, AI coding, and better approval workflow.
Seamlessly integrate all your ERPs and other financial systems, no matter how many you use.
Develop a robust AP strategy with experts who know how to get a greater and faster ROI with an AP-first approach.

What can you achieve with Basware when True Automation happens?

89%

Touchless processing

99.7%

Electronic invoicing

85%

Paid on time

basware-industry-specific-consmumer-goods-report

Consumer Goods Account Payables Benchmark Report

Consumer products are getting smarter, but are your AP processes? In this industry-specific benchmark report, we evaluate the 5 key performance indicators (KPIs) and benchmarks being achieved by consumer goods companies using Basware to automate their accounts payable processes. 

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The key success factor for this project was how easily we could integrate Basware with our complex ERP environment. The Basware solution has proved incredibly flexible, providing a seamless integration with our existing systems.

Heineken

Consumer Goods Factsheet

Now is the time to take consumer goods to the next level by automating your AP processes to lower processing costs, decrease exceptions, eliminate manual tasks, and redirect limited resources to more strategic activities.

In this factsheet, learn how Basware solutions deliver everything you need to streamline your processes, eliminate paper, drive efficiencies through automated invoices and more

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basware-industry-specific-consmumer-goods

What does it take to make it all happen?

Intelligent
Automation.

Sophisticated invoice-centric AI, trained on an unrivalled dataset of over 2.2Bn invoices, delivering real ROI.

All Invoices. Everywhere.

One system across the entire invoice lifecycle to consolidate systems, processes and simplify your business.

Full Compliance. Complete Control.

The world’s only end-to-end, dual-sided compliance engine for complete invoice lifecycle management.

FAQs

What other industries do you support with AP Automation?

At Basware, we are proud to deliver an AP Automation solution that's versatile to meet the needs of many industries. We firmly believe that no industry should be left out when it comes to streamlining their accounts payable processes, which is exactly what companies achieve with our solution.

Whether you're operating in the biopharma, construction, consumer goods, education, energy and utilities, financial services, healthcare, hospitality, manufacturing, oil and gas, real estate, retail and ecommerce, or transportation and logistics industry, rest assured, we've got you covered.

Each of these industries has unique needs and challenges, and our solutions are tailored to meet those specific demands. To see how we serve your industry, visit our industry-specific pages and explore how we can make a difference in your accounts payable operations.

What is AP Automation?

Dive into the world of AP automation, where manual tasks are digitized for enhanced efficiency. Discover its mechanics, benefits, and financial considerations, alongside answers to common queries and strategies for stakeholder engagement. Learn more ->

Why choose AP Automation?

As businesses seek efficiency and cost-effectiveness, the transition from manual to automated accounts payable (AP) processes emerges as a pivotal strategy. Delve into the realm of AP automation, unraveling its multifaceted benefits and constructing a compelling business case for its adoption. Learn more ->

What are the AP Automation challenges?

Discover the landscape of AP automation, from its promising benefits to the hurdles it may present. Explore our guide to uncover insights and strategies for successful implementation and optimization.

What is the AP Automation adoption and implementation process?

Explore the practicalities of adopting and implementing AP automation, from understanding the process flow to developing a comprehensive project plan. Gain insights into key steps and considerations, accompanied by answers to frequently asked questions for a well-informed approach. Learn more ->

What is an Accounts Payable audit?

Check out our comprehensive Accounts Payable Internal Audit Checklist, covering everything you need to know about auditing your AP operations. From fraud detection to compliance assurance, this guide explores the importance of AP audits and internal controls, offering practical insights to streamline operations and enhance efficiency.