Basware Accounts Payable Automation

Basware Accounts Payable Automation

Basware AP automation solution simplifies and speeds up your accounts payable invoice processing. With Basware, you can convert to paperless accounts payable while offering suppliers the invoice sending method they prefer. Accelerate your AP process by minimizing invoice data errors. You ensure touchless processing for both PO and non-PO invoices, and simplify and speed up invoice exception process.

With Basware AP Automation, you can become insights-driven by leveraging analytics to continuously improve your AP process. Capture early payment discounts and avoid late payment fees

• Receive 100% of your invoices paperlessly into your AP on day 1 without changes required for your suppliers
• Receive invoices electronically worldwide through Basware Network and 220+ e-invoicing partners
• Offer your suppliers e-invoicing or PDF invoices
• Effortlessly digitalize remaining paper invoices with Basware Scan & Capture and Basware CloudScan services.
• Improve automation rate with data enrichment and invoice validation. Set automatic rules that control the data accuracy.
• Automate direct and indirect procurement-related invoices – integrated with any procurement solution
• Process both PO or non-PO invoices straight through by matching standard PO, blanket PO with or without receipts, or return PO
• Automate recurring non-PO invoices with schedule-based, budget-based or self-billing payment plans
• Route invoices to the right people using PO and invoice data. Apply SmartCoding and automatic coding templates to eliminate need to remember complex rules. Use advanced validation to prevent erroneous user entries.

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 accounts payable KPIs. Benchmark KPIs against your peers.
• Continuously improve AP process, automation and exception to save time and money
• Find bottlenecks in payment performance and address them to improve supplier satisfaction
• Improve early payment discount capture and short-term cash flow forecasting.