Finnish e-procurement and e-invoicing software company Basware has added e-procurement functionality to its Basware Connectivity services suite.

Basware Connectivity covers the entire purchase-to-pay process from cataloguing and procurement to e-invoicing, providing integration with an organisation's existing stock and resource management systems.

The Basware Connectivity for Procurement suite aims to enhance the buyer-supplier collaboration capability of Basware Connectivity by adding several new features. These include Purchase Message Exchange, which provides electronic order negotiations integration within one buyer-supplier ecosystem and aims to eliminate manual order management errors by creating a fully auditable trail; Catalogue Exchange, which aims to facilitate the electronic delivery of supplier catalogues to the buyer's procurement environment and enforce negotiated contract conditions and pricing.

Electronic invoice and procurement message exchange significantly increases data accuracy by replacing manual processes with automation. Through Basware Connectivity, electronic documents are created in procurement systems and fed directly to invoice processing solutions, enabling enhanced visibility and an audit trail.

Electronic transactions enable automated order management as well as automated invoice processing and payment which in turn minimise manual intervention. By turning the procurement and invoice processes electronic, buyers can automatically match over 90 percent of incoming invoices against placed orders.

For the supplier, electronic processes reduce order delivery and invoicing cycle times, which in turn leads to faster payments and improved cash flow. Suppliers can generate invoices directly from the order data which ensures enhanced accuracy and eliminates the need for credit invoices.