Basware announced to have strengthened its Purchase-to-Pay (P2P) solution with a new strategic sourcing offering, providing customers with a full one-stop shop for the entire Source-to-Pay (S2P).

It allows Basware to delivers its customers and their suppliers full end-to-end capabilities for realizing savings, increasing contract compliance and reducing sourcing leakages.

Basware as an one-stop shop for the entire S2P process includes a collaborative e-sourcing solution, with agile eRFx and eAuction tools. The solution is augmented with Supply Base Management and Contract Management tools, making it easy to create contracts directly from sourcing events and turn them into electronic product catalogues within the e-procurement system. As a result, procurement teams are enabled to realize the negotiated savings and extract more value from the supply chain.

Ilari Nurmi, SVP, Purchase to Pay at Basware:
“As Basware is already a well-recognized global market leader in Purchase-to-Pay, strategic sourcing is the next logical step to provide to our customers. Basware’s unique ability to achieve 100% user adoption of e-procurement with WeProcurement™ approach, 100% supplier on-boarding to the Basware Network and 100% spend capture creates a complete data set for our customers, and we want to empower them with more ways to use that information to their advantage.”

Ken Vanhoegaerden, Regional Supply Chain and Procurement Director, ISS World Services:
“ISS has collaborated with Basware for many years to automate and increase both control and transparency across the purchase-to-pay process, and enhance supplier relationships with catalogues, e-orders and e-invoices. We are excited about the additional value strategic sourcing can provide us by forming a holistic source-to-pay process.”