How to Be More Effective in Procurement

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Written by: Kevin Bonsall – Product Manager, e-Procurement 87% of organizations faced a disruptive incident with suppliers in the last 2-3 years. Transforming into a strategic procurement organization is not an easy journey. But there are a few obstacles that procurement teams should address sooner rather than later when thinking about how to be more effective… Read more »

Written by: Lauri Palokangas – Director of Product Marketing Basware recently commissioned Forrester to conduct an independent analysis of the economic impact of our purchase-to-pay cloud solution. Read on to find out exactly how this study found a 307% ROI potential when organisations implemented Basware’s solution and aligned finance and procurement. Last week, we hosted a webinar… Read more »

Written by: Andrea Fair – Head of Global Presales     $1 million is wasted every 20 seconds collectively by organisations around the globe.1 Yes; you read that correctly – organisations are losing money to the tune of $1 million every 20 seconds due to poor project management practices, according to a recent survey from Project Management… Read more »

Cash in the bank matters

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When it comes to credit management, one thing you always need to remember is that cash is king. Sure, you need to build strong customer relationships and make sure that you’re providing great products and services – but in the end, if your business isn’t getting paid, the results could be disastrous. What’s so great… Read more »

Written by – Kevin Bonsall, Product Manager, e-Procurement   According to The Deloitte Global Chief Procurement Officer Survey 2017, 87% of the respondents agree that talent is the single greatest factor in driving procurement performance. But the rates of new hires and recent graduates pursuing a career in procurement is decreasing. That translates into a problem for… Read more »

Written by – Jamie Taylor – Senior Account Manager   Purchase-to-Pay (sometimes referred to as Procure-to-Pay and often abbreviated to P2P) is shorthand for the process from point of order to payment, spanning the activities of requisitioning, purchasing, receiving, paying for and accounting for, goods and services. As such, the entire P2P process consists of a large number… Read more »

Written by: Lauri Palokangas – Product Marketing Director Think of a financially healthy large company in the U.S. or Europe. What does that bring to your mind? Fluid processes, solid order intake, satisfied employees and broad landscape of suppliers. A rosy picture – isn’t it? Not so fast. Take off those rose-coloured glasses Many large companies are sitting… Read more »

RPA vs. BPA: What’s the Difference?

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Written by: Eric Wilson – General Manager of Basware North America   When it comes to trending topics, there’s a lot of acronyms getting thrown around these days and sometimes they get used interchangeably when their meanings are actually very different. Robotic process automation (RPA) and business process automation (BPA) are prime examples. Read on to… Read more »

Written by:DANIEL VAN DEN HOVEN – VP PARTNERS & ALLIANCES   Winning the heart of customers – that is what it is increasingly about in these days of growing competition. The arrival of entirely new players on the market is making it tougher to stand out as regards products, services or pricing, for example. Companies… Read more »