Executive Briefings

Basware Creates Procurement Module for Invoice-Management Tool

Basware, a vendor of software for electronic invoicing and purchase-to-pay processes, has developed a procurement module for its InvoiceReady product.

The tool enables electronic invoice handling, and is aimed at small to medium-sized companies. Residing in the cloud, InvoiceReady can be configured and deployed quickly, and scaled according to current business needs, Basware said. Users pay only for the services they need. In the process, they can gain visibility of indirect spend, as well as assert more control over purchases and future cash commitments. The new module includes matching functionality, which links purchase orders and incoming invoices. Businesses can improve the visibility of cash flow while producing audit trails of invoices being processed within the organization, Basware said. Features of InvoiceReady include invoice processing, scan and capture, e-invoice receipt, archive, contract matching, travel and expense management and procurement.

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The tool enables electronic invoice handling, and is aimed at small to medium-sized companies. Residing in the cloud, InvoiceReady can be configured and deployed quickly, and scaled according to current business needs, Basware said. Users pay only for the services they need. In the process, they can gain visibility of indirect spend, as well as assert more control over purchases and future cash commitments. The new module includes matching functionality, which links purchase orders and incoming invoices. Businesses can improve the visibility of cash flow while producing audit trails of invoices being processed within the organization, Basware said. Features of InvoiceReady include invoice processing, scan and capture, e-invoice receipt, archive, contract matching, travel and expense management and procurement.

Read Full Article