Stamford, Conn.—Sept. 3, 2013—Basware announced that Accolade Wines North America selected its InvoiceReady for Accounts Payable (AP) automation. The solution, which will be implemented in the U.S. and other global regions, will enable Accolade Wines to eliminate inefficiencies, while gaining visibility and control over its financial commitments.
“Our manual method for processing invoices was becoming too time-consuming, paper-intensive and costly,” said Amy Castro, senior accountant at Accolade Wines. “We needed to automate our invoicing process, and turned to Basware for its innovative solutions, built-in best practices and global reach. Now, with Basware’s InvoiceReady, we are able to easily streamline invoice processing, cut costs, and gain the visibility and control we need.”
Accolade Wines North America will deploy InvoiceReady to automate the more than 10,000 invoices it processes annually. Additionally, Accolade Wines will implement Basware’s scan and capture service to convert supplier invoices to e-invoices so the company can process all invoices electronically, no matter the format in which they are received. Accolade Wines also will implement InvoiceReady Mobile, recently announced by Basware, which enables the company’s employees to review and approve tasks anytime, anywhere from their mobile devices.
Basware InvoiceReady provides benefits for businesses seeking to reduce the time and cost of manual invoice processing methods. Small and mid-sized businesses can reduce invoice cycle times by identifying bottlenecks in the financial process that often result in late payment fees or missed discount opportunities. Delivered as a service, InvoiceReady automates the accounts payable process from receipt of invoice through approvals to payment, removing paper and reliance on manual spreadsheets. It helps companies reduce errors, and increases visibility of and control over financial commitments.
Basware provides open, secure, cloud-based purchase-to-pay and e-invoicing solutions to organizations of all sizes.