By utilising the full suite of reports Basware Analytics provide, NBCU gains a complete view of realized and committed spend in one place: total spend visibility by organization, category, supplier, cost center, codes and trends for controlled/uncontrolled spend.
If you put the right reporting structure in place, you will understand precisely where NBCU's money is going, minimizing maverick spending and increasing spend under management.
Forrester recently conducted a Total Economic Impact™️ (TEI) study to calculate the potential ROI when using Basware's AP solution.
Based on the results obtained, over a 3 year period, NBCU could achieve a 315% ROI, while also achieving a 40% productivity gain from your current AP solution.
Think of your data as the foundation of your future and the core element running your AP show. The more automated your AP solution, the more data you collect, the easier it is to increase your data quality and use it to enhance processes.
Greater control of cash flow and working capital achieves greater efficiencies: it reduces admin costs by ≤90%; invoice costs by ≤60%; improves cash flow management; keeps track of what’s been paid; and meets your customers’ e-invoicing requirements.
When you're struggling with process hindrances like slow invoice delivery, inaccurate data and late payments, it can make your job feel like a finance horror series.
Left, right and center, automated e-invoicing will save you money, time and effort. Research in the US has shown that sending e-invoices can reduce administrative costs by ≤90%.
