Finland February 9, 2011
The Qvantel application collects information about e-invoices and other electronic documents relayed through Basware’s Business Automation services and calculates prices for the events and provides customer-specific invoicing data.
The application automates the collection, pricing and invoicing processes of events. It significantly enhances Basware’s operations in an environment where the volume of transmitted documents is in the tens, even hundreds of millions per month for tens of thousands of different organisations. In addition to processing efficiency, the application offers advantageous pricing, discount and product packaging solutions for Basware’s services.
"Basware is the market leader in electronic processing and automation of businesses’ financial processes. Cooperation with Basware is an excellent start to the wider offering of Qvantel’s core competencies on a growing market," says Qvantel Oy Chairman of the Board of Directors Ilkka Aura.
"Qvantel has specialised in handling large amounts of events with small economic value cost-effectively and accurately. We believe that electronic documents replace paper printouts at an ever accelerating pace, and that the market for automation of businesses’ financial processes will be growing by tens of percents annually in the coming years," Aura says.
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Basware develops successful solutions for electronic processing of procurements, purchase invoices, travel expenses, online billing and financial management. More than one million users utilise Basware products for automation of financial processes. Basware Oyj was founded in 1985 and its shares are listed on the Helsinki Stock Exchange.
More information about Basware Oy’s services is available at:
SOURCE Basware & Qvantel