Become a more agile business by automating the
purchase-to-pay processes
Cash is king. When it dries up businesses stop dead in their tracks. Yet four out of five companies cannot accurately forecast their current cash flow situation. Is your company one of them?
Basware Purchase to Pay solutions are designed to provide control and visibility over the entire transaction lifecycle – from how an item is ordered to the way the final invoice is processed – providing full insight into cash flow and financial commitments.
The result is not only reduced processing times and cost savings, but improved cash flow forecasting and capital management. Because, ultimately, your business can only make strategic financial decisions once it has a single, unified view of the whole purchase-to-pay cycle.
Delivering solutions across the purchase-to-pay process
At the heart of Basware Purchase-to-Pay solutions sits the Open Network. This enables everyone involved to work more effectively together. It provides the foundation for solutions that span the entire purchase-to-pay cycle:
- Gaining full spend visibility to identify sourcing opportunities
- Ensuring best value sourcing of products and services
- Negotiating and managing contracts with suppliers
- Compliant purchasing of products and services
- E-Invoicing both with customers and suppliers
- Automated invoice processing to cut costs
- Accurately matching invoices to purchase orders
- Proactive payment strategies to capture discounts
Helping businesses achieve purchase-to-pay excellence
We believe purchase-to-pay excellence is in reach of every major organization. And the good news is that simple measures can deliver substantial gains almost immediately. We see the journey as having four well-defined phases:
- Emerging companies begin the process by kicking the paper habit with invoice automation
- Aligned companies use straight through processing to help bring spend under management
- Networked companies drive their cash management strategies forward by connecting directly with trading partners
- Agile companies gain significant, measurable advantages through strategic optimization of their end-to-end purchase-to-pay processes
Discover more about these phases and how you too can transform your organization at our dedicated purchase-to-pay site.