Basware Delivers On-the-Go Invoice Processing
Basware's InvoiceReady Mobile client enables users to process invoices and other financial transactions from any mobile device at any location.Basware has released a mobile client for InvoiceReady, a cloud-based automated invoice processing solution for small and midsize businesses (SMBs). With InvoiceReady Mobile, users can process purchase invoices, travel plans, travel and expense claims, contracts and requisitions from their mobile devices. The mobile interface is built on the HTML5 standard, which means it can be accessed with virtually any smartphone or tablet and operating system. With a mobile client to support the invoice handling process, "SMBs can significantly reduce invoice cycle times by reducing the bottlenecks in the financial process that often mean late payment fees or missed discount opportunities," said the provider of e-invoicing and purchase-to-pay solutions. "From the 'frontline' where employees are making and chasing day-to-day payments, to the top where budget and forecasting decisions are made, any lack of continuity creates commercial pressure. As such, the need for an effective finance strategy to manage operational workflow is imperative and this can't be hampered because a decision maker is not in the office," Esa Tihilä, CEO, Basware,
Basware's own SMB Finance Research, conducted earlier this year by Loudhouse, finds that the average small business employee spends nearly 17 hours a month on financial processes, including responding to customer/supplier inquiries, creating invoices and reviewing invoices. The report also reveals that one in three employees believe the time spent on financial processes significantly impacts their ability to complete tasks within their role.