Purchase-to-Pay

Preparing for Payment Practice and Performance Reporting

Why is prompt payment a priority in 2017? Small businesses are the backbone of our economy. They represent over 99% of the five and a half million private sector businesses that make up UK plc, so they’re crucial to driving growth, opening up new markets and creating employment. But for decades, it’s been common practice among some large organisations to extend payment terms to smaller suppliers...

Drowning in Data?

Analytics can save your life. Possibly a slight exaggeration, but when you’ve got Analytics like ours in place and you think back to the manual reporting you did previously, it really can feel like a life saver. “It seems these days that the availability of data is outstripping many organisations’ capacity to make effective use of it.” – Jereme Pineda, Analytics Product Manager, Basware. I’m sure...

Go Beyond Parity: How Holistic Purchase-to-Pay Takes Your Company to the Next Level

Saving money is not good enough anymore – it’s time to spend smarter. Cost savings can only take an organization so far. There comes a point when processes are streamlined through procurement solutions and accounts payable automation, every pocket of spend is optimized, contracts are as favorable as it gets, inventory carrying is maximized and efficiency is peaking – then the trajectory begins to...

Applying lean sigma principles to Purchase to Pay

Lean methodology focuses on maximizing value for customers and the organization by streamlining processes and eliminating waste.  The goal is to deliver results faster, more accurately and at a lower cost.   The methodology relies on the organizations employees to identify root causes of problems and to define workable solutions to them.  Additionally, lean methodology requires measurement of...

P2P Automation in 2017: Research to Look at for Building Your Invoice Automation and e-Procurement Business Case

What are people saying about the future of technology? Automation is still king. Automating more and more aspects of life continues to be a trend that’s showing no signs of slowing down. From business processes to housework (who’s ready for a laundry-folding robot?!), people are reaping the benefits of a digital world and gaining significant efficiency at work and home. So, what does this mean...

3 Things We Learned at Basware Connect 2016 in North America

What stood out to our attendees of the 2016 North American Basware Connect user conference? Some may say thought-provoking content, the networking, the amazing food (ok – so we all enjoyed that), contributions from analysts and speakers, the social activities, the demonstration stations, the planking (you had to be there for that one), or maybe some other valuable takeaway. While we’re always...

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