Speed up your contract matching process
Basware Contract Matching automates the processing of periodic or contract-based purchase invoices. Typically the approval workflow and coding of a recurring invoice are identical, which makes them ideal for invoice automation. The system automatically matches the invoice with the contract or payment schedule and transfers the matched invoices directly to the accounts payable system for payment. If the invoice does not match, it is automatically coded and sent to the authorised person for approval.
You can store all your organisation’s contracts with relevant coding and payment schedules into the Basware database. The system supports tracking of matched invoices and automatically informs you of any expiring contracts.