Compliant purchasing? It all just happens with Basware. Say hello to the easiest way to procure what your business needs.
If you’re still relying on paper-based, manual procurement processes, you’re likely facing several challenges – high procurement costs, human errors, lack of compliance with negotiated contracts, limited visibility into spend and difficult supplier management relations. We help you overcome these challenges by eliminating time-consuming and error-prone manual procurement operations by using an e-Procurement system that improves efficiency within the procure-to-pay process.
Potential savings do not translate into actual savings unless employees purchase goods and services from preferred vendors. Guided purchasing increases compliance with supplier and pricing policies, simplifying the procurement process for end users and ensuring time and effort spend on negotiating favorable contracts is productive.
A consumer-style shopping experience makes it easy for users to purchase the goods and services they need – increasing compliance and relieving procurement from “policing” the organization. Advanced catalog management tools and automated stock integration ensure that catalogs are up to date with the latest products and prices, simplifying the purchasing process for users.
The solution automatically issues POs and places orders as each item on a requisition is approved without waiting for the other line items on the same order that may require extra approvals, accelerating the procurement process. Further, procurement professionals can review and approve purchase requests when they need to, wherever they might be. Users can access the application even on the go, thanks to the seamless user experience across all devices, including mobile devices.
Advanced search capabilities allow users to what they need while complying with preferred suppliers and negotiated pricing contracts. At the same time, budget check matrices inform approvers of the impact of purchases on budgets. This proactive approach gives managers the visibility to see how purchase requests impact budgets at the time of requisitioning versus after the money has been spent and budgets used up.
Robust analytics capabilities help consolidate spend, right-size the supply base, and negotiate favorable contracts with suppliers. Graphical real-time dashboards allow you to track spend by supplier, category, and department. View managed versus unmanaged spend, track process efficiency and ongoing improvement, and drill into the transactional details behind the trends.
Basware Purchase supports operational sourcing through a number of different mechanisms making it easy for procurement professionals and end users to purchase the goods and services that they need. The capabilities available include Price on Request.
Globally operating organizations using Basware AP Automation with a desire to streamline indirect spend across all locations
Finance Shared Service Centers with a need for streamlined processes
Multi-ERP environments by integrating with any ERP
88%
of invoices associated to POs and spend plans
98%
first-pass match on associated invoices
93%
of invoices ready to pay before due-date
Basware e-Procurement software provides a holistic view into 100% of your suppliers and spend from a single, centralized location to enable better strategic decision-making. Armed with data and visibility into company spending, you will be in a better position to drive operational cost savings, ensure compliance with negotiated contracts, and consolidate spend.
Basware helps you better manage supplier risks better due to closer collaboration with supplier management and due diligence. We can help you extend monitoring beyond your current top suppliers to reach new suppliers, eventually giving you more visibility into your long tail of suppliers. You can also identify changes in your supplier base and receive timely notifications to respond quickly and effectively.
Our e-Procurement platform make it easy for users to stay compliant with procurement policy without having to understand the intricacies of that policy. Basware also provides procurement teams with the right digital capabilities and procurement strategy to enable them to reduce maverick spending and increase spend under control
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We want our employees to have a positive attitude towards the e-procurement system, so implementation has been carried out in cooperation with the users.
With Basware eProcurement, our adoption rate surged 30% and our savings increased 25% over the previous year.
Thanks to the Basware solution,we’ve been able to implement a new culture that is focused on procurement as a strategic process
Cutting-edge technology powered by AI & ML that eliminates all manual processes
Global compliance capabilities and the ability to integrate with 250 ERPs across more than 190 countries
40 years of specialized experience implementing best practices and reducing risk across finance operations
Book a consultation call with our solutions experts to discuss the benefits of e-Procurement in your organization.
Electronic procurement (also referred to as eProcurement or e-procurement) is the process of buying and selling goods and services over the internet. Electronic procurement creates digital communication lines between buying organisations and their suppliers and supports the process of requisitioning, ordering, and exchange of purchase documents in the business-to-business (B2B) world.
Basware is not a jealous provider. We have built a technical foundation on the concept of integration and ‘plug and play’ solutions. If you are using a different procurement solution to create POs or generating POs from your ERP – that’s no problem at all. Tell us about your existing IT solution landscape when you contact us, and our subject matter experts will be ready to explain the various integration opportunities.
