Streamline Your Workflow with Basware Invoice Processing for Support

Basware invoice processing for Support

welcome to the connected business World empowered by basware basware purchase to pay is an endtoend solution for automating your complete purchase to pay process this demonstration focuses on benefits for accounts payable functions bware purchase to pay makes invoice processing easy collaborative and mobile with bassare Solutions businesses can enjoy a touchless and paperless accounts payable process and gain full visibility and control over their AP financials an is an AP manager for a large Manufacturing Company effective and efficient control of the invoice handling processes and's daily challenge an Works closely with the finance team to capture opportunities to reduce operational costs and to better manage working capital with basware purchase to pay an has completely removed paper from the account payable whether suppliers are sending their invoices as paper or electronically all invoices are received through the basware Commerce Network as genuine electronic invoices before invoices enter into the basware purchase to pay each of them is Thoroughly validated to ensure highquality invoice data and an effective handling process these invoices are automatically processed by basware purchase to pay and are instantly ready for payment as the payment status is available within the mware Commerce Network suppliers can review this information before making inquiries to the AP team this has dramatically reduced invoice cycle time as well as increased supplier Happiness full visibility and control over the entire AP process is at the top of an's list of requirements bassare purchase to pay gives a complete overview of all the invoices in the process although most invoices are processed touchless sometimes an action is required the AP clerk in an's team can easily review an invoice side by side with its corresponding purchase order this ensures that the invoices have been processed and approved for payment well in advance of the due date AP automation has help the entire finance department everyone knows that the past invoices are easily available and the company can be audited at any time without additional work although most of the invoices are processed without people ever touching them there are still some that need attention from the invoice owners JN is heading the field services team and has to review or approve all invoices from his team he is dealing with large numbers of subcontractors and suppliers and he wants to handle invoices as they arrive basware Solutions are intuitive and the invoice handling behaves just like John expects the electronic invoices from suppliers have all the necessary details available for convenient and accurate handling with a vast passware solution John can review invoices update invoice coding and approve them in no time occasionally a verification is needed to make sure that the project Milestones are met before payment John collaborates with his team members all the conversations are safely stored with the invoice just in case they need to be Revisited later JN is always looking for ways to automate billing for example when he notices a recurring invoice he immediately proposes a payment plan to account payable as JN is mostly on the Move reviewing invoices on the go is invaluable to keep his business going with efficient and effective invoice handling bass's solution lets Jon focus on adding real value to his team and his company an has brought accounts payable to front and center of the company financial success metrics in the financial services team she works daily with Michael ah head of Finance who is all eyes and ears on cash flow with bassare analytics Michael and an can together identify opportunities for new cash management initiatives analytics gives an end-to-end coverage to the P2P process and provides performance insights that Michael and Anne can use to take action an's team uses analytics to identify bottlenecks in the process and organization to ensure that the invoices are approved quickly A View to Future cash flow is valuable to treasury with the cash forecast report Michael can plan the usage of working Capital to maximize profitability this has also increased supplier satisfaction and has kept the best suppliers close with good payment terms an and Michael have noticed that countries with a higher rate of e invoice adoption have faster invoice cycle times as Michael is working on the early payment discount program towards strategic suppliers he can examine the payment terms and spend reports to select suppliers for his program with basware purchase to pay and analytic Michael is both better informed and more able to make a strategic impact on the organization basware purchase to pay integrates seamlessly with other Financial it systems and enterprise resource planning Solutions software as a service model provides High service levels and lets customers pay for only what they need bassare purchase to pay is the key to cutting costs and complexity with integrated procurement basware Commerce Network and basware financing services accounts payable becomes a strategic function in optimizing cash and working Capital Management how does basware do it for you through years of customer best practices with the most advanced technology and by optimizing solutions to meet your needs basware gives you the agility to run your business more effectively and to unlock value in your financial operations contact us to find out more