Basware makes PDF e-invoicing easier: new capabilities add efficiency benefits for businesses of any size
(Thomson Reuters ONE) -
Basware makes PDF e-invoicing easier: new capabilities add efficiency benefits
for businesses of any size
Basware PDF e-Invoice provides opportunities for early payment and improved cash
flow
Espoo, Finland, 18 April, 2016 - Basware, the global leader in providing
networked purchase-to-pay solutions, e-invoicing and innovative financing
services, today announces new capabilities for Basware PDF e-Invoice, enabling
both small and large enterprises to speed up and simplify e-invoice processing.
By connecting to the Basware Network, the largest open commerce and financing
network, automation is increased and supplier collaboration improved. The new
functionality means businesses of all sizes are able to easily submit their
invoices electronically and with even less resource required to integrate with
existing billing systems.
With research suggesting it takes an average of ten days to approve an e-
invoice, versus 55 days for a paper invoice*, businesses are looking for
solutions to leverage e-invoicing with minimum disruption to existing processes.
For many growing businesses, improved cash flow through faster payment is a
significant motivator to e-invoicing adoption.
Basware PDF e-Invoice is designed to work within existing processes, ensuring
the invoice is delivered in the format the customer requires, and adds crucial
business efficiencies by automating key aspects of the process - converting
invoices into formats such as xml or e-mail. By speeding up payment processes,
businesses can also benefit from invoice financing and early payment
opportunities, therefore improving cash flow for the organization.
Basware PDF e-Invoice also has the ability to list line items within an invoice,
providing detailed information on individual items rather than just the total
amount. This is highly valuable when invoices require sign-off by multiple
people. It is also a tool to enable large buyer organizations to onboard their
suppliers to e-invoicing, and as many countries now have mandated e-invoicing -
Basware PDF e-Invoice therefore presents a way to easily meet regulatory
guidelines.
For smaller businesses, the implementation of the new service is immediate: the
process requires them to register with Basware and then send their invoices to a
Basware Network email address instead of directly to the vendor or buyer. For
larger organizations, the service can be integrated directly with the ERP or
billing systems. Emails generated from billing systems can be easily converted
to e-invoices and sent directly to customers in the required format.
Ilari Nurmi, SVP, Purchase to Pay, Basware said, "Processes such as invoicing
must be as efficient as possible in order to allow the business to focus on
strategic priorities. The benefits of e-invoicing are clear. It speeds up the
invoice approval process and reduces the resource organizations need to invest
in their payment processes, creating opportunities for early payment and invoice
financing. Basware PDF e-Invoice is another important step businesses can take
to improve their cash flow and achieve important efficiencies."
* 2015 Billentis Report
More information:
See how Basware PDF e-Invoice works at: www.basware.com/pdf-einvoice
About Basware
Basware is the global leader in providing networked purchase-to-pay solutions,
e-invoicing and innovative financing services. Basware's commerce and financing
network connects businesses in over 100 countries and territories around the
globe. As the largest open business network in the world, Basware provides scale
and reach for organizations of all sizes, enabling them to grow their business
and unlock value across their operations by simplifying and streamlining
financial processes. Small and large companies around the world achieve
significant cost savings, more flexible payment terms, greater efficiencies and
closer relationships with their suppliers. Find out more at www.basware.com.
Follow Basware on Twitter: (at)Basware, join the discussion on the Basware
LinkedIn, Basware Facebook and Basware Blog and subscribe for the latest news.
Contacts:
Sirje Ahvenlampi-Hyvönen
Communications Director, Basware
sirje.ahvenlampi(at)basware.com, tel. +358 50 557 3822
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Basware via GlobeNewswire
[HUG#2004223]
Unternehmensinformation / Kurzprofil:
Datum: 18.04.2016 - 11:00 Uhr
Sprache: Deutsch
News-ID 464499
Anzahl Zeichen: 5208
contact information:
Town:
Espoo
Kategorie:
Business News
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