Basware, a leading provider of e-invoicing and purchase-to-pay solutions, recently announced that Catholic Health Initiatives (CHI), one of the largest non-profit hospital systems in the U.S., has selected Basware Accounts Payable Automation and e-invoicing solutions to efficiently process the more than two million invoices it receives annually. Basware’s solutions, which will be implemented in CHI facilities across the U.S., will speed up invoice processing and reduce costs.
“We are pleased to provide solutions that will help CHI increase visibility and control of AP processes and improve working capital management,” said Michael Cassano, Basware VP of Sales, North America. “By enhancing its processes and gaining efficiencies, the organization also will increase accuracy and mobility and realize cost savings, as well as gain insight into actionable purchase-to-pay data.”
CHI will implement key services provided within the Basware Accounts Payable Automation and e-invoicing services offerings, including invoice automation with matching capabilities, data analytics, mobile technology, a supplier portal, and e-invoicing receiving solutions. Basware Accounts Payable Automation will be implemented via Software as a Service (SaaS) on Basware Alusta, a unified cloud-based platform for purchase to pay. Additionally, CHI will conduct e-invoicing over the Basware Commerce Network, which enables buyers and sellers to transmit e-invoices anywhere in the world in real-time. To maximize the cost-savings and advantages of e-invoicing for the company as well as its trading partners, Basware will help CHI to onboard its suppliers to the Basware Commerce Network.
Click here to view the entire Basware press release.
Download a complimentary copy of PayStream’s 2013 Invoice and Workflow Automation Benchmark report to learn more about Basware and the benefits of electronic invoicing. The report includes a detailed Basware profile.
Healthcare professionals exploring P2P automation can also download PayStream’s 2013 Healthcare ePayables report titled Curing Inefficiencies in the Healthcare Payments Market.
