Basware P2P (Purchase-to-Pay)

The software package of Basware P2P represents the universal solution for automation of process of Purchase to Pay exceeding on the characteristics all existing software solutions on this section of business processes of the enterprise. One of principal components of the integrated Purchase to Pay platform is the solution on automation of processing of the entering accounts of Basware Invoice Automation.

The product allows to automate such key processes as: purchases, processing of accounts for payment and contract management, thereby bringing additional benefits due to ensuring compliance to requirements and expansion of opportunities of control and also fast payback of capital investments. Customers can calculate an individual indicator of ROI using the special calculator on the website www.basware.ru.

One of principal components of the integrated P2P platform is the solution on automation of processing of the entering accounts of Basware Invoice Automation. In most cases it is used for expansion of opportunities of the majority ERP-cistem (SAP, 1C, Oracle). Basware has an experience of integration more than from 200 different ERP-cistemami, including with several systems at the same time.

In November, 2011 Basware corporation, the decision maker for process automation "from purchase before payment" (Purchase-to-Pay), and Iron Mountain company, global service provider on storage and protection of contemporary records, the general service centers presented the joint solution for the automated document handling at a conference ": the organization and development", organized by Club of chief financial officers.

Basware and Iron Mountain came to partnership naturally as the offered Iron Mountain of service in scanning of documents and to creation of digital archives organically fit into ideology of the solutions Basware Purchase-to-Pay. The companies fruitfully cooperate in the USA and in Europe. In Russia promotion of the concept of paperless document flow (e-invoicing) and provision of services of workflow automation for the organizations and the general service centers (GSC) became the priority direction of partnership. The joint solution for the automated processing of the entering documentation became one of results of cooperation.

"We and our colleagues from Iron Mountain see a set of opportunities for cooperation in Russia. At present we in joint work have several large projects — Irene Matinpalo, the chief representative of Basware in Russia told. — Based on wishes and needs of these clients, we decided to start the new product using Basware technologies which will be provided based on Iron Mountain infrastructure. The product will be interesting to both the large, and small companies for which automation of financial transactions remained almost unavailable until recently. However in process of increase in statutory requirements and emergence in the market of the solutions offering more affordable price of processing for one transaction, these companies also begin to think of a possibility of cardinal changes in the organization of the business processes. The joint solution Basware – Iron Mountain provided on Software-as-a-Service/SaaS will allow such clients to increase efficiency and transparency of the business without capital investments".

"The Iron Mountain company is global service provider for business, outsourcing — our specialization — Maxim Lapkin, the development director of Iron Mountain in Russia reported. — We observe a tendency to transition to outsourcing and SaaS around the world, including from the general service centers, and the increasing interest in the services allowing to increase really efficiency of business processes. The external automated processing of accounting documentation, certainly, is one of such services. Advantages are obvious: simplicity of implementation, an opportunity to receive the full solution without capital investments, flexible scaling in process of change of needs of the customer, lack of need to contain and protect expensive IT infrastructure".

According to Yury Sermyagin, the account manager of the Russian representative office of Basware, increase in efficiency of internal processes — a priority task of financial management not only for the big companies. "If such task is set and there is a work in this direction, then the idea of transfer of financial functions in the selected organization unit inevitably arises, and often it leads to creation of the general service center" — he considers. The solutions Basware give ample opportunities for optimization of work of the general service centers: the role architecture of a product allows to separate optimum transactions between employees that leads to maximum capacity. According to Sermyagin, "the solutions Basware not only provide the high level of automation of processing of the entering documentation, but also give the chance to go further away and to implement 100% automation of process of purchases using open networks, exchange of completely electronic documents (e-invoicing) and also close integration of processes of purchases and payments".

"Among the platforms existing in the world on document handling the Basware system — the most powerful — Thomas Keller, the president of Iron Mountain is sure. — This solution is in the lead in Europe and takes stable positions in the American market. We analyzed and investigated products of other developers, but understood that Basware is the best choice. Besides, the Basware system is well localized. Russification of system products — very laborious work, and sometimes its results do not impress. At Basware it is made correctly".

Being engaged in a perspective of creation of OTsO 25 years, Basware implemented more than 200 implementations of the platform in OTsO worldwide.