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Mobile Communications Featured Article

July 08, 2008

Natixis Global Associates Selects Basware for Invoice Processing Automation


Streamlining accounts payable processes with the help of mobile invoice processing, Basware, Inc., a subsidiary of Finland-based Basware Corporation and a provider of financial process automation software, has announced that its enterprise Purchase to Pay solutions have been selected by Natixis Global Associates, the distribution arm of Natixis Global Asset Management. Natixis Global Associates can now integrate its Epicor ERP system to Basware Invoice Processing with the help of Basware’s AnyERP functionality.

 
Natixis Global Associates can also use the services of Basware Mobile Client, which is the world’s first mobile application to deliver complete remote control over the financial value chain. With the help of this solution, the Natixis’ associates can handle and approve invoices anytime, anywhere and access the Basware Invoice Processing solution. With the help of this process, Natixis’ associates can get rid of logistical delays in the invoice approval process.
 
Natixis Global Associates can also get rid of its manual processing of invoices, which allows the associates throughout the organization to conduct electronic workflow, revisions, cost allocations and automated approval of invoices. This is made possible by leveraging Basware Invoice Processing. They will also be able to electronically transfer invoices to the company’s accounts payable system, centrally located in Boston. The company will get complete visibility into all invoices thanks to the solution’s versatile reporting capabilities.
 
“After careful consideration, we selected Basware’s Invoice Processing solution because it is a proven, best-of-breed application that will enable us to streamline, speed up and electronically capture our invoice approvals and build greater visibility into this critical business process,” said Marilyn Rosh, controller at Natixis Global Associates. “Thanks to Basware’s AnyERP capabilities, the solution easily integrates with our Epicor ERP platform and also gives our staff access to the application in a wireless, paperless format.”
 
With this partnership, the Natixis Global Associates are expected to get benefits such as increased efficiencies, internal controls and visibility into their processes. They can also avoid processing bottlenecks and speed up the invoice approval process with the help of Basware Mobile Client. The Basware solutions will help the company move from a manual paper environment to a paperless electronic one.
 
Raju Shanbhag is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page


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