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Basware Launches Procurement Module for InvoiceReady

Tuesday 13th November, 2012

Basware, has developed a procurement module for its InvoiceReadyTM solution, deepening the benefits of fully electronic invoice handling to SMBs (smaller sized businesses).

SMBs have long recognised that automated invoice handling improves their ability to manage cash flow across their organisation but have been held back by a lack of availability of solutions designed specifically for their level of resource, expertise and budgets.

To address this, Basware InvoiceReadyTM has been built squarely around the needs of the SMB - able to be configured rapidly, deployed quickly, scaled up and down based on business need, with users paying only for what they use. As a cloud-based service, it does not require complex integration, and allows the SMB to experience the benefits of electronic processing of invoice and purchase transactions without having to worry about managing the technical infrastructure.

With a controlled way of creating, reviewing and approving purchase requisitions before and after ordering SMBs are now able to gain visibility of indirect spend and gain greater control of purchases as well as future cash commitments within the company. The procurement module also includes matching functionality that links purchase orders and incoming invoices together, allowing businesses to manage cash flow visibility more efficiently and produce reliable audit trails of the invoices processing through the organisation.

John Webster, Vice President, Global Product Marketing, Basware comments: “SMBs don’t just do business with other SMBs, they interact with organisations of all sizes. Therefore there is a need to operate as a mini-enterprise, adopting leading edge processes but through the use of technology and services that are within their budget and resource expertise of the SMB. InvoiceReady is designed specifically to meet the requirements of smaller sized businesses.

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