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Procure to Pay
Supply chains are a direct extension of your organization. Ensuring you have complete visibility and a holistic system where you have 100% visibility to optimize cash and foster better supplier relationships.
Accounts Payable
Automating invoicing is an accounts payable and finance challenge, particularly for Shared Services. These 5 videos will explain how to fix it with e-invoicing.
Procurement
All companies know the value of automation in their source-to-pay activities, but few actually know or can fathom what total S2P automation looks like in practice. Get a glimpse of what this looks like in our blog.
When automating your accounts payable (AP) processes, it’s essential that you benchmark and track performance. See our take on the 7 accounts payable metrics that will grab your CEOs attention.
Catch up on all the latest blog posts from Basware. Covering everything from procurement and supply chain management to purchasing procedures and financial analytics.
What have businesses learned from 2020 in terms of ensuring business resilience? Read on to see the short-, mid-, and long-term steps organizations can take with their finance and procurement departments to safeguard operations now and in the future.
E-Invoicing
Data noise, decision-making and cloud-based solutions. Are CFOs who’ve moved to the cloud proving to be ahead of the pack in tough times? Read the blog post to find out.
Why suffer with accounts payable solutions that do not support all types of users? Even the most basic business user should have access to best-of-breed AP automation tools to improve spend visibility across the entire organization.
Author Anna Bjärkerud shares her reflections from a recent webinar around S2P technology held together by EBG Network and Basware.
Digital transformation and automation of the Accounts Payable (AP) processes can help business worldwide continue to boost profitability and reduce supply chain risk amid the second wave of coronavirus outbreak.
In his sixth and final blog in his procurement change management series, Peter Smith recaps what organizations can do to successfully implement and manage procurement change within their organizations.
The push for electronic invoicing has been on the agenda of governments around the world. On November 27th, 2020, Germany’s federal B2G e-invoice mandate for suppliers comes into effect.
Basware is excited to announce its newest addition to our Analytics solution. The new Spend Insights dashboard provides organizations with the complete visibility they need to ensure business resilience and continuity.
What should companies consider when looking for a P2P vendor? Here’s how to tell if you’ve found a platform that can take care of all your requirements.
Market Trends
Innovation through ecosystems helps firm gain agility, resilience, and gives them access to the perfect vendors for their needs. Learn why integration with a core solution is key and why Forrester suggests leveraging the cloud resources of others.
Basware partner, Protiviti, discusses how forward-looking companies are rethinking the procure-to-pay (P2P) value chain and what can be done to further minimize manual touchpoints through your P2P.
In his fifth blog of the series, Peter Smith discusses how best to go about managing successful procurement change. Read on to learn about how to start your procurement change program.
The benefits of electronic invoicing (e-invoicing) are clear. But how do you decide which solution is best fit for your organisation? Read to learn the 7 things to look for when it comes to an e-invoicing solution.
Anna Bjärkerud, founder and Managing Director from EBG, shares her reflections on the audience insights given in our recent webinar cooperation.
Learn about Gartner’s advice on how to win big in P2P by starting with high-value, low-risk applications. Using this approach and backed by a business ecosystem, firms can return to normalcy quicker and even come out ahead.
In this blog, we delve into the value of AP automation and how two of Basware’s Transportation and Logistics customers took control of their processes and costs by automating their AP operations.
In his fourth and final blog of the series, Peter Smith discusses how best to go about managing successful procurement change. Read on to learn why having the appropriate governance structure in place helps define the formal reporting that is needed for a successful procurement digital transformation.
In October 2020, the Indian government will introduce the Indian national electronic invoice mandate. Many businesses will need to adopt an e-invoicing solution. Learn how to prepare and how Basware can help.
How did Quant Services go from invoice confusion to get control of invoices processes? This blog post by Arman Farahbakhsh explains.
Basware integration capabilities help make it easy for customers to build a holistic ecosystem. Read about the benefits of open APIs and learn about our new developer site, filled with resources.
Transportation and Logistics organizations need to invest in technology that allows them to become insights-driven to properly manage risk and improve the overall P2P process. More in the blog.
Improving your purchasing and billing operations is all about finding solutions that provide options, offer flexibility, fulfill your tech needs, and help you analyze performance. Learn more in the blog.
The global pandemic drastically changed the way people shop and therefore equally affected the way transportation and logistics companies operate. Learn how digitization and automation present opportunities to remain flexible amid uncertain times.
Historically, businesses depended on end to end S2P suites. Now, they’re being replaced by business ecosystems. Learn about the benefits of the ecosystem and why now is the best time to adopt this new approach.
Paper invoices only slows you down and optical character recognition (OCR) doesn’t always get it right. Read more to learn why we should abandon these old methods and upgrade to electronic, digital ones instead.
2020 has thrown many organisations into disarray. But by using flexibility, speed, and accuracy, you can find stability, success, and thrive as a business through the turmoil. Here’s how.
Supplier onboarding is crucial to the success of any e-invoicing initiative. But if suppliers aren’t on board, there’s little chance that you’ll realize the full benefits. Learn how to get suppliers on your side.
What can you gain through full spend visibility? These 3 game-changing benefits can take your organization to the next level.
With Basware’s new carbon footprint index dashboard, users can view analytics related to their environmental sustainability and green values. By automating procurement and finance processes, organizations achieve greater efficiency and savings.
With today’s technology, there’s no reason accounts payable teams should suffer in the dark ages of paper invoices and manual processes. In this blog, explore how two Basware customers took control of their processes and costs, by streamlining procurement workflow and automating their AP operations.
Peter Smith highlights communication, getting the right stakeholders involved, and supporting users when going through a procurement transformation. Read more in the third blog of his series.
Partners
Recap of a recent webinar with Basware’s CFO outlining our transformation journey to the cloud, out strategic partnership programs, and the growing importance of P2P ecosystems.
Recently we hosted a series of webinars for the Basware Digital Connect in lieu of our in-person Connect events we usually hold. Here’s a recap of a few of the webinars and links to view each on-demand.
Is digitization your missing link in ensuring business as usual amidst global disruptions? Learn how adopting digitization in your procure to pay (P2P) operations can help ensure business continuity.
Based on the findings from The Economist Intelligence Unit report, “A New Era: Global Trade in 2020 and Beyond”, procurement can adopt these three themes to ensure business continuity and resilience going forward.
In his second blog in his procurement series, Peter Smith delves into how to implement and select a procurement solution that provides both the agility and speed of implementation necessary to be considered a “success.”
As companies continue to navigate through these uncertain times, what can the procurement department do to prepare for post-pandemic success? Read about how planning now, will give your team a leg up when the economy shifts up.
There’s a lot that goes into choosing an Accounts Payable solution for your organization. So, to help with your research and initial exploration, we’ve put together 7 steps for success and 14 helpful resources to help you out.
Culture is extremely important at Basware, and our culture and strategy around partnerships is equally as important. Read how we created a culture that encourages the “right” partnerships for long-term growth and success.
For a while the world economy has been relatively level. However, due to Covid-19, past stabilities have been disrupted. Read to learn more about the 5 key trends that are shaping global trade right now.
Sami Peltonen of Basware and Lauri Mahonen of Bisnode recently led a webinar that highlighted the importance of cleaning up your supply chain and consolidating supplier data. Read more for the full recap.
Chances are your ERP isn’t checking all the boxes when it comes to your invoice processing needs. However, an Accounts Payable Automation solution certainly can. Learn why AP Automation is best practice.
Considering transforming your entire purchase-to-pay solution? Studies show that starting with Accounts Payable (AP) first in your journey to total automation assures the greatest chance of success.
Now’s the time for finance to step up and rise as a leader during these uncertain times. Alleviate manual tasks through AP automation, to empower your team to drive smarter business decisions.
“Uncertainty” prevails not only in the business sphere but also in the home life, too, during these uncertain times. The one thing we can rely on is that some compromise will be required to return to a state of normalcy.
During these unpredictable times, we’re uncovering some of the shifts in strategy to realign for today’s challenges and continue driving business forward.
How come it is still so hard to collaborate across functions?
What’s the best way to ensure competitive growth after adopting AP Automation? Learn how machine learning and artificial intelligence based tools can boost your capabilities and drive more benefits.
Are you having trouble planning and forecasting for the future because you’re not capturing all your spend? Read how spend visibility can help ensure business continuity.
How can businesses capture a sense of “business as usual”? Read to learn how greater visibility across your finance and procurement operations can help ensure business continuity.
Peter Smith, Author and Managing Director at Procurement Excellence Ltd. kicks off a new blog series on how to best manage procurement change – especially amid difficult times. Read more.
If your AP department is still processing invoices manually, you’re only setting your company (and the environment) up for failure. Learn how e-invoicing can help keep processes moving during difficult times.
Is digitisation your missing link in ensuring business as usual amidst global disruptions? Learn how adopting digitisation in your procure to pay (P2P) operations can help ensure business continuity.
Our new report, commissioned by the Harvard Business Review Analytic Services, emphasizes the urgency for organizations to achieve a higher level of visibility across their supply chains.
Basware recently introduced an enhanced accounts payable solution, AP Pro, with a completely new user interface and increased functionality that accelerates invoice processing. Read to learn more.
Small and medium sized suppliers face tough circumstances during these unsettling times. But there’s a way to ease cashflow pressures – automation. Learn how accelerating payments can strengthen the supply chain.
Late last year, we predicted what we thought would be the top trends in procure-to-pay that would play the biggest roles in 2020. But with everything happening, do our predictions still ring true?
RPA is only the first step towards P2P efficiency – but other technologies can take your organization to the next level.
During times of economic uncertainty, it’s important to get creative and do what we can to ensure commerce keeps flowing. Learn what can be done to play a positive part in redeeming business as usual.
In the face of disruption, there are ways to keep commerce flowing and ensure business continues as usual. Learn how automation, timely payments, technology, analytics, and a remote readiness can help.
You might think cash flow disruption is an inevitable side effect of any globally affecting event. But there are proven ways to prep your organisation. Learn how digitisation can keep commerce flowing.
In our recent report with Harvard Business Review Analytic Services, respondents revealed they feel Finance departments will and should play an integral role in developing transactional transparency.
Robotic process automation (RPA) is a trend that continues to gain relevance in all aspects of business—specifically finance and procurement. Read how your organization can make the most of this technology.
In our recent webinar featuring Forrester, Raising the Bar in eProcurement, we covered what makes a leading eProcurement solution. Here are our three main takeaways.
Supply chain visibility is the strongest way to combat a potential disruption like that caused by the coronavirus outbreak. And the best way to gain that visibility is through automated solutions.
Developing a cloud computing strategy is essential to ensure the future of your company. Here's what you need to know about planning for cloud success.
As of April 1, 2020, all public institutions in Finland will be required to receive and process invoices electronically. Read how the Basware Network can best prepare your organization for the upcoming changes.
How to transform AP from the old data-input machine to the epitome of paperless automation: a team that can identify and address exceptions.
Basware e-Procurement is happy to announce a handful of new solution innovations and enhancements catered make our solution even more user-friendly and intuitive and incorporate a wider array of users.
This blog post talks about how e-invoicing, invoice automation and transparency are possible for finance shared service centers.
We can’t predict the future, but business technology can help companies prepare for a potential recession, regardless of their geographic location. Learn how to recession-proof your procurement and financial plan.
Digitization is one of the top trends predicted to influence procurement the most. Digitization leads to data—big data, to be exact. Here’s how procurement can get the most from the big data they collect.
Adopting a new procure-to-pay (P2P) solution can be a daunting task. But it doesn’t have to be. Basware partner, Fluxym, offer their top tips for successfully implementing P2P solutions.