Basware Open Network

The number of participants of open network of Basware Open Network since 2010 increased from 160,000 up to 320,000. Here suppliers and clients who automate more and more actively (transfer to an electronic form) financial document flow within process "from purchase before payment" enter. Expansion of a global network demonstrates the growing relevance of creation of close trade relations between buyers and suppliers and also about advantages of access to open network.

The open network of Basware (Open Network) allows the companies of all scales and the industries to make transactions with documentation within process "from purchase before payment" electronically regardless of the used format. According to an independent research "Work with electronic accounts: global perspective" (E-invoicing: A Global View), to the executed Basware, 61% of specialists in the field of finance from the different countries of the world consider key advantage of open network "from purchase to payment" increase in efficiency and cost reduction. At the same time, as a serious problem on the way of involvement in process of suppliers the insufficient interoperability limiting their opportunities with a framework of networks which supports processing of only several document formats was noted. The open network of Basware allows suppliers to use advantages of the solutions for electronic drawing of accounts which are already available for them needlessly in installation of the patented technologies for ensuring communication between buyers and suppliers as it often is required when using traditional networks. Basware also allows buyers and suppliers to use the single interface for communication with the business partners directly through Basware or through one of her partners in network of exchange of electronic accounts.

Simplifying suppliers drawing of accounts electronically, the clients using Basware network can receive full control over cash flow, optimize working capital management and improve vendor relations due to transition to completely electronic processes. According to the research E-invoicing: A Global View, 66% of financial specialists from the different countries of the world consider flexibility first-priority advantage of open network.

Basware provided a possibility of creation of directories within Open network of suppliers

This the servant offers the companies a full range of opportunities for creation of directories, thereby improving and simplifying interaction between suppliers and buyers on all Open network of Basware. With its help suppliers can create the directories considering specifics of each specific buyer and thus to increase service quality. In combination with Open network, Directories of Basware allow the companies to cooperate with even large number of suppliers worldwide.

Creation and effective management of product catalogs – one of the main objectives of any company which passed to electronic procurement. Directories of Basware open for buyers access to reliable, up-to-date data from suppliers, and the Open network allows to receive directories from any seller where it was. Thus, the number of suppliers with whom the company can work considerably increases. But except the updated contents of directories buyers have also an opportunity many times to reduce the number of unforeseen purchases, to increase compliance to requirements of agreements and control over expenses.

Directories of Basware represent the complete solution integrating tools both for the supplier, and for the buyer, professional services on involvement of suppliers to electronic document management and also a possibility of use of global retail chain stores. The companies can make use of experience of Basware in the field of involvement of suppliers to work with Directory tools that allows to expand use of directories when purchasing and to start exposure and obtaining orders and accounts in electronic form. Directories of Basware allow the companies to increase purchasing amounts at preferable suppliers at the prices fixed in contracts and also allow the employees responsible for purchases, to concentrate on contents of directories, but not on the solution of technical issues, work-related systems. This service increases automation level within process of purchases, and 62% of professional financiers consider that service implementation will affect profitability of the enterprise positively in general.

Directories of Basware are a service which is provided in Open network of Basware integrating today 320,000 active buyers and suppliers and 110 independent international partners. The support of a set of formats of data and documents implemented in new service allows users to connect to a global network, having overcome all local restrictions. The open network of Basware acts as the open platform for interaction of suppliers and buyers, allowing them to maximize control over expenses and to support constructive cooperation.

Ease of creation and support of directories guarantees to suppliers confidence that their clients operate with the most up-to-date and exact data. An opportunity to create special directories under specific buyers and to publish them in network allows suppliers "personify" pricing (to each client the directory with the prices developed especially for it will get). Thus, improvement of service quality of buyers will make for more profit for suppliers.