Articles

Q: There seems to be a new focus on SMEs in Basware – what’s the driver behind this?

A: Well, yes – it’s a part of the overall strategy. SMEs form the backbone of most of the world’s workforce and are going to be key in getting the various economies out of recession. A major part of that is enablement – ie enabling them to work faster, with improved processes and access to a more visible, far-reaching network. Historically organisations might have associated Basware with large enterprise ERP implementations, but today, we’re looking at a much more connected workplace and need to offer a totally end-to-end solution – including easy supplier activation.

Q: Yes, and as a large number of suppliers fall into the SME category, I guess that’s where the new focus comes in?

A: Exactly, yes. For example, if I look at just one of our larger clients, they have a supplier network of 50,000 – providing easy reach into that makes perfect business sense for all parties involved. Get it right, and everyone’s happy.

Q: So would you call yourself a global operator in a way that others can’t?

A: Well, there are plenty of solution providers who market themselves as global – but who aren’t really. Not when you look closely. Basware takes the time and trouble to make sure our solutions work within the current legislation of each party involved across the transactions and currently operate in around 75 – 80 countries worldwide, most of which with access to the product in their own language. On top of that, we’ve made a point in forming partnerships with other solution providers who are able to complement the Basware product and enhance our client’s experience.

With the UK economy still struggling its way out of recession, it’s no surprise that more than 50% of finance professionals have highlighted difficulties in achieving their targets - pointing to a lack of time or resources available to deliver them. For many “doing more with less” presents itself as a tough reality with a very precise impact on daily activities and results. Yet, despite broad variations in industry and organisation size, many of the teams who were winners and finalists in the APN 2013 AP awards were able to achieve success by following a similar set of processes. Here are some of their top tips:

By Pete Loughlin, Purchasing Insight

Purchase to pay process, compliance controls, segregation of responsibilities – all things which to a business  can, and are,  seen as obstacles to just getting things done. But, they’re a necessary evil without which fraud would run rife.

So what are the most common purchase to pay frauds? We can’t necessarily know which are employed most often, but based on common knowledge and a bit of personal experience we think these are good candidates for the top six.

Q. There’s a significant amount of “noise” about Coupa at the moment. Why do you think that is?

A. I think there’s been a sea change in how the whole P2P process can be run, a re-thinking of how it can be supported through IT. The way that the tools can now be adapted to optimise spend via the cloud has not really been seen before. And I think the reason why there’s the “buzz” around Coupa is that quite simply, we do it better. Ultimately it’s the customer who decides an organisation’s success or otherwise, and if you can provide them with a means to do things better and more easily, then those customers are going to keep coming back.

Q. My audience is predominantly Accounts Payable, but increasingly what was once considered a separate function, is now a part of an integrated P2P department, with much more collaboration. Do you see yourselves moving away from being a predominantly e-Procurement solution provider, to encompass AP and move further into the P2P space?

A. Well, we do cover the space as a whole. We may not be the vendor of choice for an organisation which needs thousands of different AP functions, but if you optimise spend and drill down into your purchasing and supplier base to begin with, you’re already more than halfway to a cleaner AP solution. AP may be downstream, but if you clear what’s coming into it, the waters as a whole are all that little bit less muddy. Ultimately providing a solution which increases visibility and enriched data is key to whole P2P function.