Basware Procurement

Basware Procurement

Basware Procurement – the purchase capabilities of the Basware Purchase to Pay solution – helps customers manage their purchases and spend, gain insights into spend and cash flows, realize cost savings, and increase supplier value.

Basware Procurement is designed to support organizations in transforming their purchasing into an easy consumer-style shopping experience that helps ensuring end-user adoption and, therefore, increases spend under management and contract compliance. Together with Basware Network, you can send and receive orders, invoices, credit notes and catalogs with your suppliers– quickly, simply and with fewer errors. No wonder it’s the network of choice for over one million organizations, across more than 100 countries.

With our world-class Purchase-to-Pay solution, you can maximize savings, efficiency, visibility, compliance and control – across all of your financial and procurement operations. What’s more, because it’s cloud-based, it can connect all your people – no matter where they are. And as your business and workforce grows, the solution can grow with you.

• Offer a preferred shopping solution for all of your employees
• Connect with your suppliers electronically in the Basware Network
• Improve visibility to make faster, smarter decisions
• Automate processes to reduce costs and complexity
• Optimize payment terms and capture supplier discounts
• Capture and automate 100% of orders and invoices
• Streamline the supplier evaluation process with a collaborative sourcing solution

Basware Analytics

Managing spend, payments and cash flow has never been easier with Basware’s predictive, actionable analytics. Basware Analytics offers easy-to-use analytics and reporting for the purchase-to-pay process. It offers a packaged solution with standard dashboards, reports, KPIs, and ad-hoc reporting for Procurement and AP Automation.

With Basware Analytics, you can see, at a glance, your business’ spend — automatically categorized — and quickly identify maverick spending to help each function spend smarter. You can drill into process bottlenecks, pending payments and supplier performance, across the entire financial supply chain. With greater visibility across your invoices, you can increase financial control and improve cash flow.

• Gain visibility and improve your key procurement KPIs
• Control spend and risk with actionable, predictive analytics
• Consolidate spending and right size your supply base
• Make better decisions with total spend and cash flow visibility
• Access analytics and ad-hoc reports on the go from your tablet
• Improve early payment discount capture and short-term cash flow forecasting.
• Drill into process bottlenecks, payment history and financial KPIs