Basware Announces Guided Purchasing for e-Procurement

New functionality helps Basware customers drive compliance and improve user experience

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Sep 07, 2018, 14:04 ET

ESPOO, Finland, Sept. 7, 2018 /PRNewswire/ -- Basware (Nasdaq BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has introduced guided purchasing functionality within its electronic procurement solution. The enhanced purchasing functionality helps to increase user adoption by simplifying the procurement process for users, while at the same time driving savings by enforcing compliance with preferred vendors, contracts and pricing policies.

Procurement departments spend a lot of time and effort negotiating optimal contracts and pricing with suppliers. But the negotiated savings do not translate into actual savings unless employees purchase goods and services from preferred contracted vendors and comply with purchasing policies. The new Basware guided purchasing functionality helps customers ensure this effort yields results by increasing policy compliance and making the purchasing process extremely simple for users, thereby increasing user adoption.

"Users can find the purchasing process complex when there are many items available to choose from, and even more so if there are several alternatives for the same item. This is especially true for infrequent users who do not use the e-procurement system often. Finding the right products and services quickly and easily through guided purchasing makes the purchasing process more efficient, improves user satisfaction, directs spend to preferred suppliers and drives spend under management," said Tomi Lindholm, Director, Procurement Product Management at Basware.

"There are a number of benefits to the guided purchasing functionality," Tomi continued. "For the end-users we deliver a consumer-centric purchasing experience, with in-context navigation to different items within the e-procurement solution, driving them to use preferred products and suppliers. From our customers' perspective this increases compliant spend, enabling them to reallocate valuable procurement resources away from routine purchases to focus on more high-value, strategic spend. Guided purchasing is all about serving up fewer, more relevant choices, hiding unnecessary options and enforcing procurement policies."

For more information on Basware procurement functionality, visit the Basware website: https://www.basware.com/en-us/solutions/purchase-to-pay/e-procurement

About Basware:
Basware is the global leader in providing networked source-to-pay solutions, e-invoicing and innovative financing services. Basware commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at www.basware.com.

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