Basware and OB10 form global partnership to streamline the invoicing process

27 November 2008

Basware, the leading provider of purchase to pay solutions, today announced a global partnership with OB10, the leading global B2B e-Invoicing network. The partnership enables Basware’s customers to benefit from OB10’s best practice supplier enrolment. With the partnership, Basware’s customers will be able to receive electronic invoices from their suppliers via OB10, further extending the global reach of the Basware supplier network.

The OB10 cooperation will help Basware customers streamline their invoicing and payment process, allowing customers to benefit from improved efficiency and transparency within the financial supply chain. Through e-Invoicing, organisations can optimise their invoice processes and further eliminate the need for paper invoices while reducing cycle times and improving cash flow forecasting.

The partnership also enables delivery of invoice data from the suppliers accounting system, via the OB10 network into the Basware Business Transactions e-Invoicing service and further to Basware Enterprise Purchase to Pay solutions, allowing users to receive accurate, real-time invoice data. This is achieved through OB10’s best practice supplier enrolment, data integration and mapping, enabling invoice data to be extracted from a supplier’s billing system, using their existing data format, and sending it to Basware’s e-Invoicing service – eliminating the need for customers to process, manually key-in, or store paper invoices.

“Basware is delighted to announce the partnership with OB10. To serve our customers in the best possible way, we have made a conscious decision to establish an open supplier network which makes us unique in the e-Invoicing operator space,” says Ilkka Sihvo, CEO, Basware. “Thanks to this new partnership, our customers can further extend their e-Invoicing reach through OB10’s global network. We believe that electronic invoicing helps our customers improve the invoice processing itself, but also helps them make a contribution in an effort to help the environment.”

Jamie Gunn, CEO, OB10 says:
“Basware is a forward thinking international company, known for its vision and the quality of its products. We are pleased to bring OB10’s e-Invoicing services to Basware’s customers worldwide and believe the industry, analyst community, customers and prospects will recognise this as a significant combination in the marketplace. We have a history of successful joint implementations and look forward to replicating those successes rapidly and over a wider geographic footprint.”

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