Gain a competitive edge with Electronic Invoicing
Go paperless with e-invoicing and realize instant cost savings – no matter what size or industry you’re in, it’s easy to get started with e-invoicing and even easier to see how companies are benefiting by using this method for both sending and receiving invoices.
Boost your environmental credentials while you save on paper and postage costs at one end, and remove manual processing and labor intensive interventions on the other. What’s more, e-invoicing helps deliver full visibility over spend and cash flow, helping you control budgets, deliver on your cost efficiency objectives and improve customer satisfaction.
E-invoicing is a key first step on the journey towards Purchase to Pay Excellence, delivering efficiencies through automation, cost savings and agile financial decision making.
Key benefits of e-invoicing
- Drive down costs – generate savings of over 75% in Accounts Receivable invoicing by eliminating paper and postage costs
- Process efficiency – reap substantial savings by eliminating manual processing in Accounts Payable while achieving 100% spend visibility
- Global trade – securely send and receive e-invoices anywhere in the world with Basware Open Network
100% e-invoicing from Day 1
Basware Connectivity Services enable an immediate transition from paper to electronic invoices from Day 1, immediately improving the efficiency of A/P and A/R processes.
No matter whether your trading partners are able to send invoices via PDF, email, paper or true e-invoice formats, Basware Connectivity Services are able to convert all invoices into compliant electronic formats and transfer them directly to your invoice management system.
For example, Basware’s Scan and Capture service allows customers to outsource their paper invoice scanning to Basware, removing the need to invest in invoice scanning labor, software, or hardware. Basware’s dedicated Supplier Activation Services teams analyze your supplier base to identify, prioritize, engage and integrate your suppliers into your e-invoicing program, accelerating adoption of true e-invoicing.
With suppliers activated, invoice details submitted electronically and data key-in errors eliminated, invoices can be automatically matched against PO’s, Contracts, Purchase Plans and Receipts. Invoices matched within set tolerances are automatically processed and transferred for payment. Straight-Thru Processing achieved!
Join the Basware Open Network for an easy e-invoicing solution
Interoperability is the core philosophy of The Basware Open Network, allowing companies of all sizes and across all industries to transact purchase-to-pay documentation electronically, regardless of location or the transaction format used. The Basware Open Network enables suppliers to take advantage of their existing e-invoicing solution without needing to install proprietary technologies to connect buyers and suppliers.
Basware enables buyers and suppliers to use one single interface to connect with their business partners either directly via Basware or through one of its e-invoicing network partners. Basware’s Open Network, the largest inter-operator network in the world, continues to expand with over 110 e-invoicing providers connecting you to over 320,000 active buyers and suppliers worldwide.
Secure e-invoicing for Global Trading
Your purchase and invoice documentation is vital, defining the nature and performance of your financial supply chain as you trade in goods & services across international boundaries. Basware has over 25 years of experience in ensuring safe, timely and reliable delivery of tax compliant Purchase-to-Pay documentation across global trading eco-systems for the world’s leading organizations.
E-invoices are sent using the format and transmission service requested by the supplier, and delivered to the customer safely & speedily in their chosen format through a single interface. Authenticity, integrity, and audit ability is guaranteed through our VAT compliance, digital signature and archiving services.
An Insight into Global e-Invoicing Adoption
According to the E-invoicing: A Global View report, an independent international survey by Basware, 61% of global finance professionals regard increased efficiency and cost savings as a key advantage of an open purchase-to-pay network. By making it easier for suppliers to submit e-invoices, customers that use the Basware can benefit from the complete control over cash flow, better working capital management and improved supplier relationships delivered via the accelerated adoption of fully electronic invoicing processes.
The E-invoicing: A Global View report, also found that 66% of global finance professionals regard trading flexibility as the primary advantage of an open network. Download now to find out more.
