Wednesday 8th May, 2013

Basware has launched its new advanced reporting suite, Basware Analytics. Offering sophisticated data visualisation, it will help empower employees across the business to improve cost management. Financial leaders need an accurate picture of financial performance and the only way to really achieve this is to combine transactional data across invoicing, procurement, accounts payable and their trade network. The company states that Basware Analytics is unique in its ability to provide deep analysis and insight across the vast range of Purchase-to-Pay (P2P) information to help businesses make smarter decisions.

"Companies of all sizes need to closely manage and understand their costs and financial strategies to ride out fluctuations in the economy. Basware Analytics gives employees at every level accurate, up-to-date insight into the financial transactions and interactions that define the movement of cash in their business," commented Esa Tihilä, CEO of Basware. "Basware Analytics processes spend, invoice and procurement data to give financial teams the insight that they need to make better decisions. With this data, organisations can strengthen their long-term financial performance."

Financial management can have a huge impact on the bottom line, which makes sophisticated P2P analytics a source of competitive advantage for businesses.

Basware Analytics packages have four customisable dashboards tailored to specific job functions. Whatever the role of the user, there is a pre-packaged configuration to give them instant, impactful insight. Basware has taken its 25 years of experience of P2P best practice and created these persona-oriented dashboards to maximise the relevance for CFOs, Financial Shared Service Centre (FSSC) leaders, procurement professionals and any other business leaders looking for deep P2P analytics. These dashboards include:

Basware Analytics is available to users also via tablet devices. Analytics sits on Basware’s Alusta platform and will be available in the next release in June.