Basware, the purchase-to-pay (P2P) solutions provider, will deliver an e-invoicing solution to Vattenfall, one of Europe’s leading energy suppliers. Vattenfall will deploy the Basware Business Transactions service for sending and receiving e-invoices, as well as Basware Supplier Portal to publish and download information and to complete transactions online.
Commencing this year, Vattenfall aims to convert 50% of its purchase invoices to e-invoices within 12 months, increasing to 65% in year two. Of the 17,000 suppliers Vattenfall uses on a yearly basis, 400 of these account for 60% of the invoices, and just 25 suppliers make up 30% of overall invoices. With a €20bn turnover, it is essential for Vattenfall to be able to streamline its processes for prompt processing and payment. By shifting to e-invoicing, Vattenfall can accelerate payment times and reduce errors while speeding up processing and improving productivity by reducing manual workloads. Vattenfall has previously used Basware’s solutions for its operations in Finland.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more