Executive Briefings

Basware Augments End-to-End E-Procurement Platform

Basware, a vendor of electronic-invoicing and procurement applications, has developed Basware Purchase.

Part of the company's e-procurement suite, the new tool completes Basware's purchase-to-pay technology on the Alusta platform. Basware Purchase allows for one-click purchase requisitions from approved catalogs. A contract compliance engine ensures that purchases are based on frame ingredients where appropriate. End-user analytics provide insights into spend, process bottlenecks, compliance issues and supplier performance, allowing access via tablet apps for users who are out of the office. Managers can easily track consumption and budget compliance for a given cost center at any time and from any location, Basware claimed. Basware Procurement applications work seamlessly with the vendor's Accounts Payable Automation tools. Basware Procurement can be extended into a purchase-to-pay system that integrates with an existing enterprise resource planning system. The Alusta platform connects Basware Procurement software to the Basware Commerce Network.

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Part of the company's e-procurement suite, the new tool completes Basware's purchase-to-pay technology on the Alusta platform. Basware Purchase allows for one-click purchase requisitions from approved catalogs. A contract compliance engine ensures that purchases are based on frame ingredients where appropriate. End-user analytics provide insights into spend, process bottlenecks, compliance issues and supplier performance, allowing access via tablet apps for users who are out of the office. Managers can easily track consumption and budget compliance for a given cost center at any time and from any location, Basware claimed. Basware Procurement applications work seamlessly with the vendor's Accounts Payable Automation tools. Basware Procurement can be extended into a purchase-to-pay system that integrates with an existing enterprise resource planning system. The Alusta platform connects Basware Procurement software to the Basware Commerce Network.

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