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Glossary>Procurement>Basware Procurement

Basware Procurement

Basware Procurement is a comprehensive software solution designed to streamline and automate the procurement process. It enables organizations to manage purchasing activities, control spending, and ensure compliance with procurement policies. The platform offers tools for requisitioning, purchasing, supplier management, and invoice processing, enhancing efficiency and transparency in procurement operations.

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About Basware Procurement

Basware Procurement was developed by Basware Corporation, a company founded in 1985. The solution was created to address the growing need for automated procurement processes and efficient spend management within organizations. It evolved over time to incorporate advanced features such as supplier management and invoice processing, aiming to streamline procurement operations and enhance compliance with purchasing policies.

Strengths of Basware Procurement include its comprehensive automation capabilities, robust supplier management tools, and strong integration with financial systems. Weaknesses may involve a steep learning curve for new users and potential high implementation costs. Competitors include SAP Ariba, Coupa, and Oracle Procurement Cloud.

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How to hire a Basware Procurement expert

A Basware Procurement expert must have proficiency in navigating and configuring the Basware platform, expertise in procurement process automation, and skills in integrating Basware with other financial and ERP systems. They should also be adept at data analysis within the platform to optimize procurement activities and ensure compliance.

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