Basware Skandinavian Newsflash: Icelandic Norway and Finnair

July 2, 2012  |  Europe, Invoice Automation

Basware InvoiceRead removed process bottlenecks introducing e-invoicing at Icelandic Norway

Icelandic Norway AS had long faced challenges with the time-consuming paper-based invoice processing. When

the company entered new markets and invoice volumes increased, it became necessary to automate the process.

Basware InvoiceReady™ invoice automation allowed the finance team instantly more time to focus on critical strategic matters. By outsourcing the error-prone and manual validation of paper invoices , the company has also been able to make the move to e-invoicing right away.

  • Odd Arne Klefstad, Finance manager at Icelandic Norway AS:
    ”The invoice validation included in InvoiceReady™ is highly accurate. In other systems it was necessary to verify much of th content manually, which was very time-consuming. Basware’s solution is clearly the most efficient and easy to use.”

Downloadn the full story: “Icelandic Norway”

Basware and Finnair extend the cooperation to purchasing, invoice processing and banking service solutions

Basware and Finnair have signed a six year contract including purchasing, invoice processing, banking and business transactions solutions as a service. The value of the deal is significant for Basware. During the contract period and with the help of new solution, Finnair will achieve the set cost savings targets in comparison with the current way of operation.

The new solution will be implemented during the second half of 2012 and the first half of 2013. Finnair has also previously been using Basware’s license based solutions.

  • Jari Huhtinen, Vice President, Procurement, Finnair Plc.
    “Finnair is aiming to streamline the purchasing and financial management processes as part of the company’s cost reduction program. Basware’s solutions enable better control over the purchases and improvement in cost efficiency. In addition, the solutions enable automation of invoice handling and business transactions. With the help of these services, the Finnair employees can be directed more from performing routine work to developing processes”

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