The automation of purchasing management and invoice processing brings in itself many advantages; colleagues only have to worry about exceptions, such as an invoice that differs significantly from an order; suppliers are automatically informed about the status; and the processing of information and documents is recorded automatically, which is very strong from a compliance perspective.
But the profit of automation does not stay there. Automation also increases the visibility of information enormously, and can then be acted upon. Faster and smarter than before. After all, when information relating to purchasing and payment is stored more fully and integrally, and in addition is continuously updated, access can be obtained at any time on the expenses that have been made, are currently running, and are expected.
With Basware’s analytics solution, the cash flow can be graphically predicted, working capital optimized, fraud detected, relationships with suppliers under scrutiny.