E-INVOICING & E-PAYMENTS
• Enhanced visibility and control : E-invoicing provides real-time visibility into the status of invoices , allowing both suppliers and buyers to track transactions more effectively . This transparency leads to better cash flow management and more accurate financial forecasting .
• Improved supplier relationships : The streamlined process and faster payments facilitated by e-invoicing contribute to stronger supplier relationships . Suppliers appreciate the prompt payments and efficient communication , leading to increased loyalty and better collaboration .
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Introduction to Basware AP automation
Partnerships powering e-invoicing The demand for e-invoicing is ever increasing , as seen with some prominent partnerships over the last 12 months . One such example is the collaboration between Deloitte and Basware , as both organisations look to enhance touchless invoice processing for their global customers .
The alliance combines accounts payable ( AP ) expertise to accelerate automation and financial transformation .
The duo are focused on tackling key challenges , opportunities and regulatory requirements in the finance domain . By combining Basware ’ s strengths in AP automation and Deloitte ’ s access to its network of finance , procurement and tax experts , both organisations aim to bring value to their customers .
Jason Kurtz , CEO at Basware , said : “ This is a significant milestone for Basware and Deloitte to accelerate touchless invoice processing . CFOs are constantly grappling with manual AP processes that slow down teams and impact bottom-line profits .
“ It ’ s been exciting to collaborate with Deloitte over recent months and work towards a joint vision that helps companies save time and money when sending and receiving invoices while reducing compliance risk . Together , our technology and leadership in the AP space will unlock new levels of touchless invoice processing .”
“Together , our technology and leadership in the AP space will unlock new levels of touchless invoice processing ”
JASON KURTZ , CEO , BASWARE
158 December 2024