Basware Solutions for the Manufacturing Industry

Accounts Payable Automation solutions that make it all happen for Manufacturing Businesses

Organizations in the manufacturing sector have unique AP needs. Handling a variety of different types of suppliers can be extremely time-consuming and labor-intensive, and the amount of pressure to increase efficiency, reduce costs, and build good relationships with suppliers can be overwhelming.

So why do so many manufacturing companies still use labor-intensive, antiquated processes?

With Basware, now it all just happens. Our AP Automation solutions allow manufacturing companies to automate AP processes to achieve invoice processing efficiencies and cost savings, rein in maverick spending, and offer real-time visibility into overall spend.

Why Basware?
Achievable KPIs
Customer Success
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The benefits of AP Automation for the Manufacturing sector

Capture every invoice with 100% accuracy by connecting all your suppliers with the largest open e-invoicing network .
Gain critical visibility over spend to contain costs and use funds more strategically.
Automatically match invoices to purchase orders, good receipts and contracts to achieve touchless invoice processing.
Ensure global VAT compliance and comply with global invoicing regulations.

Keep up with changing regulations by relying on our local expertise in countless global markets.
Automate non-PO invoices using custom spend plans, AI coding, and better approval workflow.
Seamlessly integrate all your ERPs and other financial systems, no matter how many you use.
Develop a robust AP strategy with experts who know how to get a greater and faster ROI with an AP-first approach.

What can you achieve with Basware when True Automation happens?

89%

Touchless processing

99.7%

Electronic invoicing

85%

Paid on time

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ABB Case Study

As the global leader in power and automation technologies, ABB receives and processes millions of invoices each year in countries all around the world. Trying to keep track of all these invoices and manage AP processes was a very labor intensive and time-consuming process.

The flexibility of Basware’s technology and its ability to adapt to local variations of ABB’s standard accounts payable process, enabled ABB to implement the solution in 18 countries.

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We were particularly impressed with Basware’s ability to connect to multiple ERPs. Additionally, the solution’s multilanguage and multicurrency capabilities, along with Basware’s global operations, were essential to support our global organization.

Klaus Martin, Accounts Payable Manager, ABB

Manufacturing Factsheet

When it comes to financial processes, manufacturing organisations are still mired in paper and manual, labor-intensive processes. Simultaneously, they are under tremendous pressure to increase efficiencies, contain costs, and strengthen supplier relations.

Download our industry factsheet to find out more about how your business can benefit from AP Automation.

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Why customers use Basware as their leading AP Automation Provider

True Automation

Cutting-edge technology powered by AI & ML that eliminates all manual processes

Complete Coverage

Global compliance capabilities and the ability to integrate with 250 ERPs across more than 190 countries

Deeper Expertise

40 years of specialized experience implementing best practices and reducing risk across finance operations

FAQs

What other industries do you support with AP Automation?

At Basware, we are proud to deliver an AP Automation solution that's versatile to meet the needs of many industries. We firmly believe that no industry should be left out when it comes to streamlining their accounts payable processes, which is exactly what companies achieve with our solution.

Whether you're operating in the biopharma, construction, consumer goods, education, energy and utilities, financial services, healthcare, hospitality, manufacturing, oil and gas, real estate, retail and ecommerce, or transportation and logistics industry, rest assured, we've got you covered.

Each of these industries has unique needs and challenges, and our solutions are tailored to meet those specific demands. To see how we serve your industry, visit our industry-specific pages and explore how we can make a difference in your accounts payable operations.

What is AP Automation?

Dive into the world of AP automation, where manual tasks are digitized for enhanced efficiency. Discover its mechanics, benefits, and financial considerations, alongside answers to common queries and strategies for stakeholder engagement. Learn more ->

Why choose AP Automation?

As businesses seek efficiency and cost-effectiveness, the transition from manual to automated accounts payable (AP) processes emerges as a pivotal strategy. Delve into the realm of AP automation, unraveling its multifaceted benefits and constructing a compelling business case for its adoption. Learn more ->

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What is the AP Automation adoption and implementation process?

Explore the practicalities of adopting and implementing AP automation, from understanding the process flow to developing a comprehensive project plan. Gain insights into key steps and considerations, accompanied by answers to frequently asked questions for a well-informed approach. Learn more ->

What is an Accounts Payable audit?

Check out our comprehensive Accounts Payable Internal Audit Checklist, covering everything you need to know about auditing your AP operations. From fraud detection to compliance assurance, this guide explores the importance of AP audits and internal controls, offering practical insights to streamline operations and enhance efficiency.