-
Third-Generation eProcurement Solutions: Driving Value Throughout Your Financial Value Chain
Basware, Spring 2008
It is imperative for companies to know where and with whom they are spending their money, how much is being spent, and where the opportunities are for savings and efficiencies. A new generation of advanced eProcurement tools based on third-generation technology is enabling organizations to easily achieve true visibility into their spend and control over their financial supply chain. Discover the globally emerging best-in-class practices that take advantage of third-generation eProcurement technology.
Download the report »
-
Helping companies deliver fast and accurate financial statements in the face of changing international standards
Basware Financial Management, Winter 2008
An introduction to IFRS standard as a global standard, financial consolidation process and what the changing standards mean in practise.
Download the report »
-
E-invoicing in Nordics and expansion of e-invoicing across borders
Basware Einvoices Ltd, Winter 2008
An introduction on how to expand companies' e-invoicing solution across borders. Potential market maturity, legislation, operators and other players on the e-invoicing market play a key role in increasing the degree of utilization of e-invoicing.
Download the report »
-
Building a Business Case for Accounts Payable Automation
Institute of Management & Administration Inc., Autumn 2007
The number-one issue in Accounts Payable (AP) today is automation. It’s no longer a question of whether AP should be automated—but how to automate and to what extent.
The current body of research reveals that automation can reduce procure-to-pay (P2P) processing costs by up to two-thirds. World-class companies achieve a cost-per-AP-transaction figure of about one dollar (per line item).
The biggest challenge AP departments are likely to face when attempting to implement these new technology tools is making the business case for the solutions itself. The purpose of this white paper is to help AP departments develop a business case for AP Automation by providing a framework of thought.
Download the report »
-
Best practices of electronic invoicing
Basware Einvoices Ltd., Summer 2007
Seeking streamlined processes and better customer satisfaction, many European companies are looking at electronic invoicing as a potential solution. Various studies have proven that replacing paper invoice processing with an electronic invoice provides both short- and long-term gains. Unfortunately, the invoicing market is extremely diverse and each market seems to have its own preferred way of operating. This document provides perspectives on the various players, interest groups, and standards to make it easier for organizations to implement electronic invoicing.
Download the report »
-
Fraud in Accounts Payable - How to Prevent it
Crystallus, Inc., Summer 2007
It’s an incontrovertible fact of corporate life; fraud happens. Accounts payable is particularly vulnerable for a very simple reason: it is where access to the organization’s money lies. Andsince accounts payable is responsible for most payment functions, it falls to those in chargeto ensure the tightest possible controls around everything affecting the disbursement function.
Download the report »
-
Sarbanes Oxley and the procure-to-pay process
Stout Causey Consulting, Autumn, 2006
The Sarbanes Oxley Act of 2002 was enacted by the US congress as a result of situations that emerged from bookkeeping and business scandals at the time. This paper provides a brief introduction to the Sarbanes Oxley (SOX) Act of 2002 and its impact on the procure-to-pay process of both US and non-US-based companies.
Download the report »
-
Case study: Procurement Savings through Control & Compliance
Basware Corporation, Autumn, 2006
The value-creating mission of the procurement function is to provide products and services to the company which enable and support the smooth running of business operations and, in many cases, establish and maintain spend savings at a company level. This document discusses today's procurement challenges from a practical point of view, and puts forward the case for efficient purchasing.
Download the report »
-
How to set-up a Best Practice Key Performance Indicator Reporting System for the Purchase to Pay Process
Basware Corporation, Spring 2006
Finance departments which intensively measure their performance are showing significantly better results in decreasing costs and improving the productivity of their operations, according to a strategic advisory firm The Hackett Group. The result will be improved quality, increased productivity and ultimately enhanced customer service. This paper presents the key principles of performance management in the end-to-end Purchase to Pay process.
Download the report »
-
Successful Implementation of a Procurement System
Basware Corporation, Spring, 2006
During the autumn of 2005, Basware organized an industry program entitled 'BECS (Boost Efficiency Compliance and Savings) for procurement'. This report highlights the key findings of the BECS program, which endeavoured to understand the business processes and targets of each program member and translate these into deliverable objectives for any business.
Download the report »
-
Joint Applications and Purchase to Pay Automation, Insights into Enterprise Purchase to Pay Automation and Transformation
Dr. Martin Fahy on behalf of Basware Corporation, November, 2005
CFOs require ease of use and functionality above an elegant IT architecture, and system flexibility to meet changing business requirements such as mergers and acquisitions. This can be achieved by using a mix of best of breed technologies integrated with an ERP architecture. Based on in-depth case studies, this White Paper examines the challenges and shared experiences of organizations that have implemented Joint application as part of purchasing automation.
Download the report »
-
Joint Applications and Purchase to Pay Automation, Insights into Enterprise Purchase to Pay Automation and Transformation
Dr. Martin Fahy on behalf of Basware Corporation, November, 2005
CFOs require ease of use and functionality above an elegant IT architecture, and system flexibility to meet changing business requirements such as mergers and acquisitions. This can be achieved by using a mix of best of breed technologies integrated with an ERP architecture. Based on in-depth case studies, this White Paper examines the challenges and shared experiences of organizations that have implemented Joint application as part of purchasing automation.
Download the report »
-
Purchase to Pay, Collecting the automation dividend
Basware Corporation, 2005
Faced with pressure to reduce costs, comply with strict process controls, and provide accurate and timely financial reports, more and more organizations are looking to unlock the dividends proffered by automating the Purchase to Pay lifecycle. This white paper highlights the key strategic and tactical issues that need to be considered when automating the entire end-to-end Purchase to Pay process, starting with purchasing and finishing with the payment of invoices.
Download the report »
-
Basware has been recognized as a leading electronic invoice and presentment and payment (EIPP) vendor in the Forrester Wave™: Accounts Payable EIPP, Q3 2005 (Forrester Research Inc., August 22, 2005) market report.
The independent report, which is increasingly being used as an essential tool for businesses, provides a detailed review of the accounts payable EIPP market. It evaluated top vendors over 74 criteria. Customer references were also used for validation. Basware achieved a significantly higher than average rating than its European competitors and is said to be “strong enough in its current offering to be a legitimate alternative in North America to the US-based vendors.”
Download the report »
-
Invoice Reconciliation and Payment Benchmark Series
Aberdeen, July, 2005
Aiming to uncover the strategies for success in accounts payable, the Aberdeen Group conducted a benchmark study of more than 700 companies and performed a detailed analysis of AP practices at 25 major organizations. Basware’s customer Finnair was selected as a model of best practices in accounts payable processes.
Download the report »
Replay a webcast: "Strategies for Success in Accounts Payable by Jeff Pikulik at Aberdeen", Password: aberdeen »
-
Leveraging Financial Value Chain Solutions
Meta Group, 2004
Chief financial officers (CFOs) are now experiencing more pressures than ever before. The CFO is more frequently expected to function as a value added business partner, giving financial guidance in business scenarios to help units optimize decision making. This paper will assist you in gaining a perspective on how Financial Value Chain applications can be deployed to control and manage the flow of cash from firm to firm.
Download the report »
-
The Next Generation of Payables Automation
PayStream Research, Spring, 2004
Payables automation tools have enabled countless organizations to use standardized processing to great effect in increasing flexibility, visibility and control over the payables processes. By thoroughly examining one leading provider of software solutions to automate purchase-to-pay processes, this paper demonstrates how organizations can maximize the efficiency of the payables operations using a single, integrated solution.
Download the report »