Purchase to pay solutions provider Basware has
launched InvoiceOut, a process outsourcing service designed to
fully automate key aspects of the Accounts Payable (AP)
function.
The service claims to help companies
accelerate efficiencies in AP by externally managing
labour-intensive elements of the invoice handling process.
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Invoice scanning is the most time consuming
(38%) and error prone (41%) part of invoice processing, according
to a research commissioned by Basware in 2010. Basware InvoiceOut
gives businesses access to professionals who take over the routine
processes that impede financial decision making and facilitate the
entire process.
Basware’s solution includes daily invoice
related tasks such as dispute management and supplier engagement,
invoice validation and monthly process reporting. It also provides
packaged processes for speeding up the transformations from paper
to electronic.
“Basware InvoiceOut enables organisations to
rationalise their processes, allowing internal teams to focus on
higher value activities,” says Esa Tihilä, senior vice president of
Basware.
“The service has been designed for any
mid-size or large business that is seeking an efficient and
effective AP function.”
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By GlobalDataBusinesses using the new service will gain
access to Basware’s global open network, which facilitates
electronic purchase-to-pay message exchanges within an open
environment, connecting 320,000 active buyers and suppliers.
