Basware Collaborates with GKN to Provide Purchase-to-Pay and E-Invoicing Solutions

By CIOReview | Thursday, February 11, 2016
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FREMONT, CA: Basware, the global leader in providing purchase-to-pay and e-invoicing solutions in the world of commerce has signed an agreement with GKN Driveline, North America, INC. for the delivery of accounts payable and e-invoicing services. The solutions are powered by Alusta, Basware’s unified cloud-based platform for purchase-to-pay. The pact signed between the two sides includes accounts payable automation, with 100% inbound e-invoicing and supplier activation services. Basware is also the provider of Basware analytics for gaining immediate insight into financial performance and a mobile solution, which gives access to financial processes regardless of time and space. The value of the agreement is estimated to be in excess of EURO 1.1 million over a span 5 years.

“We’re excited to form a strategic partnership with this new major customer and provide services that enhance their financial operations and boost the e-invoice adoption significantly among their suppliers. GKN Driveline can easily and securely receive 100% of their invoices as e-invoices via the open Basware Commerce Network. Visual reports will help the management to make better decisions, while mobility will benefit end-users who can review and approve invoices on the move,” says Esa Tihila, CEO, Basware Corporation.

About GKN Driveline: GKN Driveline is the world’s leading supplier of automotive driveline components and systems. As a global company serving the world’s leading vehicle manufacturers, GKN Driveline develops, builds and supplies an extensive range of automotive driveline components-for use in the smallest low-cost car to the most sophisticated premium vehicle demanding the most complex driving dynamics.

About Basware: Basware is the global leader in providing purchase-to-pay and e-invoicing solutions in the world of commerce. Basware empowers companies to unlock value across their financial operations by simplifying and streamlining key financial processes. Basware Commerce Network, the largest open business network in the world connects 1 million companies across 100 companies and enables easy collaboration between buyers and suppliers of all sizes.