The new system reduces cycle times and improves cash flow forecasting
Basware, a provider of purchase to pay services, has announced a partnership with OB10, a supplier of business to business e-invoicing network services.
According to Basware, the partnership enables Basware’s customers to receive electronic invoices from their suppliers via OB10, extending the global reach of the Basware supplier network. Through e-invoicing, organizations can optimize their invoice processes and eliminate the need for paper invoices while reducing cycle times and improving cash flow forecasting.
The partnership is also expected to enable 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 services. This is expected to be achieved through OB10’s 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 Baswares e-invoicing service – eliminating the need for customers to process, manually key-in, or store paper invoices.
Ilkka Sihvo, CEO of Basware, said: 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.