Basware transforms company spending behavior by engaging employees in collaborative e-procurement
(Thomson Reuters ONE) -
Basware transforms company spending behavior by engaging employees in
collaborative e-procurement
Fostering spend stewardship empowers organizations to drive better spend
management
Espoo, Finland, 15 September, 2016 - Basware, the global leader in providing
networked purchase-to-pay solutions, e-invoicing and innovative financing
services, has adopted the WeProcurement(TM) methodology to e-procurement, which
fundamentally transforms company spending culture for its customers by changing
employee behavior.
To reinforce desired spending behavior, WeProcurement creates a collaborative
process that delivers relevance, intelligence and awareness within the e-
procurement system. This systematic approach enables everyone to work together
towards company goals and saving money, ultimately making employees better
stewards over company funds.
Ilari Nurmi, SVP, Purchase to Pay, Basware, explained: "Today's employees expect
the systems they interact with on a daily basis to be intuitive and relevant to
their daily lives, and to deliver critical intelligence at the point needed to
greatly increase efficiency. With WeProcurement we are taking things one step
further. Our methodology also incentivizes employees to stick and comply with a
company's procurement processes by making it the easiest thing to do within the
natural course of their work and by making them aware of how they add value to a
business as a whole. This gives organizations tangible results and ensures
employee contributions amount to more than just the sum of their individual
parts."
At its core, WeProcurement is fueled by the "Power of We" philosophy, a crowd-
sourced style process that builds its success from the collaboration of all
users. Applied to a business setting, this user-driven process results in
significantly higher cost savings compared to traditional e-procurement
solutions and the agility organizations need to fund their missions.
"By consolidating our purchasing activities across 200 locations into a
collaborative process, we were able to reduce our supplier base by 96%," said
Angela Watts, Purchasing Manager at Goodyear Tire & Service Centers. "Our users
are now saving significant time in their days and getting the items they need in
a cost-effective manner - ultimately saving the company millions."
WeProcurement eliminates the number one reason users drop out of a process,
which is that they feel their actions are not making a difference or do not
matter. By increasing employee engagement and emphasizing that everyone who buys
goods and services has an important role to play, the system becomes self-
managing - relieving the procurement team from having to police the organization
so they can focus on more strategic initiatives.
Greg Summers, Finance Director at DCOR, added: "While we anticipated having to
force employees' hands to use the system, we found it very easy to garner
adoption. Once the employees saw the benefits and user-friendly nature, they
were eager to get on board."
Ilari Nurmi, concluded: "Our WeProcurement approach for procurement systems
overcomes traditional procurement management challenges by making the processes
as relevant as possible to each person's role, department, category of spend,
and industry. Instead of trying to force people into a mold with a system that
caters to procurement or finance, WeProcurement seeks to understand the needs of
each requestor and deliver a system that is designed for them - the users."
More information:
To learn more about WeProcurement(TM) and the importance of relevance,
intelligence and awareness in an e-procurement solution, download the eBook. To
see how WeProcurement(TM) works, visit: www.basware.com/procurement
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 Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Basware via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 15.09.2016 - 11:00 Uhr
Sprache: Deutsch
News-ID 494920
Anzahl Zeichen: 5636
contact information:
Town:
Espoo
Kategorie:
Business News
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