Unlock working capital with full spend visibility
Leading businesses and public sector organizations have long known that the only way to achieve sustainable success in procurement is to adhere to recognized best practices. Designed specifically to help organizations implement best practices, Basware Procurement is a first class suite of software solutions for sourcing, purchasing and contract management. Built-in best practices coupled with efficiency driving automation allow procurement professionals to gain greater control over contract compliance, organizational purchasing patterns, and spend efficiency.
Your organisation benefits from implementing Basware Procurement as it allows you to eliminate manual processes and, importantly, ensure that purchases are in compliance with supplier agreements. It also enables purchase order matching, a key driver of automation and efficiency.
Information related to cash, spend, and commitments, captured by the procurement solution provide management with greater visibility into the organisation's cash flow and working capital position, resulting in much improved effectiveness, accuracy, and agility in the management of finances and corporate performance.
Key benefits
- See spend in full view – full visibility with real-time cost and spend data ensures opportunities are identified and converted into real savings
- Put cash under control – end-to-end process excellence enables purchasing and finance to better manage cash flow and working capital
- Implement policy and execute best practice – roll out and readily enforce purchasing strategies, policy and packaged best practice
- Grow spend under management – capture both simple and complex spend while removing spend black holes. Channel your purchasing power to preferred buyers for better negotiated pricing, terms, and conditions
- Automate for efficiency – automated workflows and order matching lead to substantial cost savings