TMCnet News
In Recognition of Earth Day Basware Issues Guidelines for Establishing Green Financial PracticesSTAMFORD, Conn. --(Business Wire)-- Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today released guidelines designed to help companies minimize their carbon footprint through financial process automation and e-invoicing. These guidelines were developed for the growing number of companies that are concerned about corporate compliance with green initiatives, and at the same time are looking to streamline processes and gain business benefits. "Many companies are drowning in paper, and nowhere is this more evident than in the Accounts Payable department," said Bob Cohen, Basware VP, North America. "The hundreds of billions of invoices that are sent annually worldwide create business as well as environmental problems, increasing costs, inefficiencies, errors, and more. By switching to e-invoicing and automating financial processes, companies gain greater visibility and control over spend and working capital, and improve their supplier relationships. It's not only a matter of businesses 'doing good,' it's also good business." Basware recommends four key steps to establish green purchase-to-pay practices including:
Basware is the global leader in providing purchase-to-pay and e-invoicing solutions in the world of commerce. We empower companies to unlock value across their financial operations by simplifying and streamlining key financial processes. Our Basware Commerce Network, the largest open business network in the world, connects 1 million companies across 100 countries and enables easy collaboration between buyers and suppliers of all sizes. Through this network, leading companies around the world achieve new levels of spend control, efficiency and closer relations with their suppliers. With Basware, businesses can introduce completely new ways of buying and selling to achieve significant cost savings and boost their cash flow. Find out how Basware helps money move more easily and lets commerce flow at www.basware.com. www.facebook.com/BaswareCorporation www.linkedin.com/company/basware 1 ,Billentis Research Report 2013: E-invoicing/E-billing. The catalyst for AR/AP Automation 2 Tenhunen, Maija and Penttinen, Esko, "Assessing the Carbon Footprint of Paper vs. Electronic Invoicing" (2010). ACIS 2010 Proceedings
|