Thursday 16th May, 2013

Basware has launched a core addition to its comprehensive e-procurement suite, Basware Purchase. This completes the company’s entire purchase-to-pay solution footprint on the Alusta platform, driving adoption by empowering employees across the business to overcome the obstacles to e-procurement. Basware Purchase will be available from June this year.

Lack of adoption and user buy-in of procurement tools and processes is often a source of maverick spend within businesses. As a core part of its Basware Procurement suite, Basware Purchase is designed to be very user-friendly. Designed to be easy to use, it provides an end-user experience inspired by some of the most intuitive consumer e-commerce sites. The result is increased adoption levels, deeper savings, increased spend under management and greater on-contract purchasing.

Esa Tihilä, CEO of Basware, said; "Putting the user at the heart of the entire purchase-to-pay cycle is key to increasing acceptance and realising the value of e-procurement."

He added: “Basware Purchase is the most people-friendly procurement solution that, combined with other innovations available across our Alusta platform, ensures businesses can buy better and capture more savings. By making the 'right way to buy' also the 'easiest way to buy' we can maximise spend under management and ensure that the value created during supplier contract negotiations is fully realised."

Basware Purchase provides a consumer-style shopping experience that is simple to use, with one-click purchase requisitions from approved catalogues. The contract compliance engine ensures purchases are based on frame agreements where appropriate. Plus, comprehensive end-user analytics bring insights into spend, process bottle-necks, compliance issues and supplier performance even while out of the office, thanks to access via tablet apps. This means managers across the organisation can easily track consumption and budget compliance for a given cost centre at any time and from any location.

The addition of social media based collaboration tools brings the business user, finance and procurement teams closer together. From requisition to payment, users benefit from role-based visibility and access to every element of the procurement process through a single platform, ensuring all stakeholders can continuously improve purchase-to-pay operations across the business.