What is Basware Purchase Management?
Purchase to Pay empowers businesses to streamline operations, increase control and cut costs. Deeper collaboration between finance, accounts payable (AP) and procurement enables real-time cash flow visibility – letting you make better buying decisions each and every day.
Benefits and Insights
Why use Basware Purchase Management?
Key differentiators & advantages of Basware Purchase Management
- Gain immediate spend visibility. Our Analytics solutions deliver the real-time insights your business needs to empower users to proactively manage finances, allowing you to control costs, identify saving opportunities, improve cash flow and enhance supplier relationships.
- Negotiate and manage supplier contracts and obligations, and track spend and budget compliance against agreed-upon terms to realize the negotiated value.
- Ensure compliant purchasing is maximized via consumer-style shopping experiences that help ensure end-user adoption. Contract compliance engines make sure purchases are based on negotiated terms, and mobile apps empower employees with anytime, anywhere access to key tasks.
- Achieve 100% e-invoicing from day one and remove paper from your financial operations immediately. Regardless of the formats used, you can instantly receive invoices as e-invoices, helping to make your processes more efficient and reduce your invoice-handling costs by up to 90%.
- Attain best-in-class straight-through processing rates across AP through more intelligent, streamlined invoice-handling processes. Boost efficiency across operations while ensuring compliance with national and international payables legislation.
- Continuously improve performance through KPI analysis – make it easy for everyone to drive performance metrics, spot problems, identify root causes and take remedial action across the whole Purchase-to-Pay cycle.