A new partnership between OB10 and Basware allows customers of the latter to benefit from OB10's best-practice supplier enrollment. Basware is a vendor of purchase-to-pay systems, which automate financial processes and provide compliance and control. OB10 is a global business-to-business electronic invoicing network. The deal between the two companies allows Basware's customers to receive electronic invoices from suppliers via the OB10 network. In the process, they can streamline their invoicing and payment functions, leading to improved efficiency and transparency within financial supply chains. Through e-invoicing, companies can optimize their invoicing, reduce the need for paper invoices, cut cycle times and improve cash-flow forecasting, the partners said. The deal also enables delivery of invoice data from the supplier's accounting system, via the OB10 network into the Basware Business Transactions e-invoicing service, and further to Basware Enterprise Purchase to Pay applications. The link is achieved through OB10's best-practice supplier enrollment, data integration and mapping. Invoice data can be sent to Basware's e-invoicing service, eliminating the need for customers to process, manually key in or store paper invoices.
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