Basware has launched InvoiceOut, a new process outsourcing service designed to fully automate key aspects of the Accounts Payable (AP) function.

Combining Basware’s process expertise with the leading invoice automation solution, Basware InvoiceOut drives efficiencies by externally managing labour-intensive elements of a businesses’ invoice handling process.

Basware InvoiceOut is a service that brings together three core components of what are often disparate elements in an Accounts Payable operation – access to resources that can be scaled up and down based upon business need, best practice process expertise and a flexible, on demand technology infrastructure.

The service includes daily invoice related tasks such as dispute management to handle any discrepancies with the invoice as well as supplier engagement to ensure disputes are resolved quickly. Invoices are validated to ensure each invoice contains the required data needed to achieve the highest levels of automatic matching to purchase orders, and monthly process reporting is proactively undertaken to ensure continuous improvement across the invoice handling process.

It offers packaged processes for speeding up the transformation from paper to electronic. This includes immediate conversion to 100% electronic invoicing, along with sophisticated automatic invoice validation, matching, posting and workflow.

Non-core activities to Accounts Payable, such as the scan & capture of paper invoices and accounts payable IT infrastructure are outsourced to enable in-house teams to focus on higher value activities.

InvoiceOut includes Basware Invoice Automation as well as access to the global Basware Open Network, enabling electronic purchase-to-pay message exchange within an open environment which connects 320,000 active buyers and suppliers.

http://www.basware.com/solutions/invoice-automation/process-outsourcing