In order to automate the purchase to pay process, and to achieve operational excellence in procurement, the sourcing of suppliers, the purchase of goods, and the payment of suppliers must be integrated. The Basware software facilitates every step of the purchase to pay process and ensures these steps are related to one another.
For instance, a received invoice can be automatically matched to a purchase order that preceeded the invoice. This way, the received invoice no longer requires approval from budget holders.
When purchase to pay becomes automated in an end-to-end manner, costs can be directly saved as human intervention is only required to handle exceptions.