Basware

Basware is the Finnish producer of means for automation of financial processes whose customer base makes over one and a half thousand companies more than in 50 countries, and the total quantity of users exceeds one million people. The company was founded in 1985, now is public joint stock company with the headquarters in Finland, is provided on the stock exchange of Helsinki (NASDAQ OMX Helsinki Ltd).

The products Basware use more than 1,500 companies with 1,000,000 users located in more than 50 countries of the world. The products Basware allow to reduce costs on purchase and payment of goods and services and also to provide transparency and control over expenditure of means due to automation of manual transactions, beginning from selection of suppliers, contract management, purchases and vendor interaction, finishing with hands-off processing of accounts. Solutions and Basware services promote considerable cost reduction at all levels of business and increase profit due to optimization and control over financial flows and also acceleration of return of investments. Solutions can extend and be applied as locally (are established on the customer's equipment), and in service quality, by the provided service provider, in Europe, the USA and the Pacific Rim. The last becomes possible thanks to existence of wide network of regional offices and partners of Basware company. Among clients there are companies: 'IKEA Russia', DB Schenker, Renault, Siemens, Stockmann, Ericsson, Ernst & Young, KLM, Finnair, Heineken, ABB, Fortum, Panasonic, Toyota, Ritter Sport, Neste Oil, Deloitte, PWC, Fujitsu Technology Solutions, city administration of Helsinki and many others.

The Basware tools provide a full range of functionality for automation of processing of primary accounting documents. Implementation of this solution will allow the staff of finance divisions to automate up to 60-70% of the following labor-intensive transactions: data entry from finance documents; verification of details of the partner; search of the order in the accounting system on direct and indirect signs; comparison of the range of the delivered goods or services; validation of charge of the VAT and also all other available digits in the primary document; delivery of operations on business divisions and cost centers. Integration of solutions of Basware into OCR applications (for example, such as ABBYY FlexiCapture) allows to identify documents of all types and to process them automatically: the user has no need to manually sort pages that reduces influence of a human factor on processing and reduces an error probability. Time expenditure of employees is reduced, and together with them costs are reduced, performance increases and control improves.

The company is a partner of SAP since 2001. The solutions Basware provide seamless integration with all existing versions of the SAP platforms. Software compatibility of Basware with SAP products is confirmed by certificates:

• Certification of the interface of SAP (SAP® Certified Interface)
• Certification of compatibility with SAP NetWeaver (Certified for SAP® NetWeaver(TM))

Among features of integration there are Basware and SAP it is possible to note support of the environment of SAP for several companies, for several clients and also support of the mixed ERP environment (SAP + other ERP systems). The solution Basware Invoice Automation allows to expand ERP-cistema's possibilities of SAP in the field of process automation "from purchase to payment".