Basware delivers analytics for P2P

Basware has launched a new reporting suite, Basware Analytics, to provide analysis of Purchase-to-Pay (P2P) across invoicing, procurement, accounts payable and trade network to give financial leaders an accurate picture of financial performance.

"Companies of all sizes need to closely manage and understand their costs and financial strategies to ride out fluctuations in the economy," said Esa Tihilä, CEO of Basware.

"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 businesses. Additionally, 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."

Customisable dashboards are based on the role of the user and offer pre-packaged configuration such as:
- CFO / CPO Spend Visibility – broken down by location, category, supplier or organization, and view this over time and by value.
- CFO / CPO Vendor Analysis – visualising top suppliers by spend value and transaction volume.
- FSSC / AP Manager Process Metrics – invoice cycle details by supplier and average invoice approval, and review process duration.
- Business Managers Tracking – Analyzing cost center spend by location, category and supplier enables cost center owners to spot cash-saving opportunities and support their budget management.

Basware Analytics operates on Basware's Alusta platform and will be available in the next release in June.

Business Solution: