Blog

In order to manage and reduce supplier risk, it’s important to adopt an always-on, automated, and systematic approach to monitoring your suppliers. Here’s how Basware’s newest Vendor Manager feature can help.

Basware’s new feature, SmartOrders, simplifies the purchase order process by allowing buyers to send POs via email and suppliers to receive, respond, and flip the PO into an invoice all from an actionable email.

“Visibility” is the million dollar word in the procurement landscape. But not all purchase-to-pay softwares can deliver on their promises. Building awareness of the potential pitfalls is key to your organisation’s success.

In order to manage and reduce supplier risk, it’s important to adopt an always-on, automated, and systematic approach to monitoring your suppliers. Here’s how Basware’s newest Vendor Manager feature can help.

Basware’s new Approval Confidence Index scoring makes it easy to choose items for purchase and approve or deny requests. Using transactional data, it scores transactions on a 1-10 scale for quick decision-making.

Not just aligning, but integrating your Finance, Procurement, and Treasury departments can bring cross-departmental efficiencies and open the door to better purchase to pay.

Procurement professionals should look to an Asset Management tool as a way to achieve their cost savings goals and get more spend under management.

It’s important for procurement to review their decision to adopt a P2P solution. Take a look at your decisions and understand if you’re truly using your P2P system to its fullest ROI potential.

Increase buyer satisfaction with your organisation's service and quality by introducing effective guided purchasing experiences for your employees. Your team will thank you, too.

Procurement gets a bad rapport because of their seemingly nonstop demands for policy and budget adherence. But, procurement should, instead, be considered a hero.