Basware launches Procurement module for InvoiceReady

Basware, the provider of e-invoicing and purchase-to-pay solutions, has announced the availability of a procurement module for its cloud-based InvoiceReady solution.

The procurement module also includes matching functionality that links purchase orders and incoming invoices together, allowing businesses to manage cash flow visibility more efficiently and produce reliable audit trails of the invoices being processed within the organization.

John Webster, vice president, Global Product Marketing, Basware, said: "SMEs don't just do business with other SMEs, they interact with organizations of all sizes. Therefore there is a need to operate as a mini-enterprise, adopting leading- edge processes that use technology and services within their budget and resource expertise. InvoiceReady is designed specifically to accomplish that and meet the requirements of smaller-sized businesses. 

“It unlocks the benefits of electronic invoice processing, removing the hassle of purchase invoice approvals and enabling SMEs to reap the benefits of early payment discounts, as well as improved cash flow management. 

“By providing a cloud-based service, we're enabling smaller and mid-sized companies to receive all their invoices electronically from day one, establish an undisputable relationship between invoices and orders and, most importantly, introduce the level of control and visibility into financial processes required for an SME to be confident in pushing for growth."

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