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Basware e-Invoice Receiving Recipe Links Oracle Cloud ERP Users to One of the Biggest Global Open e-Invoice Networks

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ESPOO, Finland, October 27, 2021--(BUSINESS WIRE)--Basware (Nasdaq: BAS1V) has developed a recipe that allows Oracle Fusion Cloud ERP users to easily connect to Basware’s leading e-Invoicing receiving solution. Basware is a member of Oracle PartnerNetwork.

The Basware e-Invoice Receiving recipe enabled by Oracle Integration Cloud offers a standard out-of-the-box interface that empowers Oracle Fusion Cloud Enterprise Resource Planning (ERP) users to receive all of their invoices (purchase-, service-, and recurring invoices) 100% electronically, regardless of the e-Invoice format the sender submits the invoice in.

The Basware e-Invoice Receiving Recipe is available on the Oracle Cloud Marketplace, which makes it easy for Oracle Cloud ERP users to start receiving their invoices electronically and benefit from all the advantages, including cost savings, higher straight-through processing rates, reduced manual labor, and a very steep reduction in errors.

"The true power of an e-Invoicing Network lies in its reach. With this collaboration, it will be easy for a very large group of customers to join one of the world's biggest open e-Invoicing networks. Our ‘open’ approach means that suppliers are not obligated to send through our network; they can use any of the hundreds of global interoperability partners to reach their customers," says Perttu Nihti, Chief Product Officer, Basware. "This collaboration is an important step to global paperless invoicing."

The Basware e-Invoice receiving solutions include direct e-Invoice exchange, interoperability (invoices submitted through alternative platforms), Scan and OCR paper invoices, machine readable PDF invoices and PDF data extraction, supporting companies in every level of maturity to onboard and head on a journey towards true e-Invoicing.

About Basware

Basware is the only procure-to-pay and e-Invoicing solution provider that empowers businesses with 100% spend visibility through 100% supplier connectivity and 100% data capture. Our cloud-based technology enables organizations to fully manage their spend, mitigate financial risk and reduce the cost of operations via automation. With the world’s largest open business network and an open technology ecosystem, we are uniquely positioned to deliver the solution required for Visible Commerce, which provides customers with complete transparency into all the flows of money, goods, and services around the world. A global company, Basware has offices in 14 countries and is traded on the Helsinki exchange (BAS1V: HE).

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle’s collaborative program, designed to enable partners to accelerate the transition to cloud and drive superior customer-business outcomes. The OPN allows partners to engage with Oracle through track(s) aligned to their individual path to market. Cloud Build supports partners who provide products or services built on or integrated with Oracle Cloud; Cloud Sell facilitates partner’s reselling of Oracle Cloud technology; Cloud Service assists partners who implement, deploy, and manage Oracle Cloud Services; and License & Hardware aids partners who build, service, or sell Oracle software licenses or hardware products. Additionally, customers can expedite their business objectives by collaborating with other OPN partners who have achieved expertise in similar product families or cloud services. To learn more visit: http://www.oracle.com/partnernetwork.

Trademarks

Oracle, Java and MySQL are registered trademarks of Oracle Corporation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005136/en/

Contacts

Jeanne Bernish
Media@Basware.com

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