{"id":383170,"date":"2020-11-17T10:18:17","date_gmt":"2020-11-17T15:18:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383170"},"modified":"2020-11-17T10:18:17","modified_gmt":"2020-11-17T15:18:17","slug":"basware-introduces-spend-insights-dashboard-to-provide-visual-single-view-of-entire-spend-cost-cutting-recommendations","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/basware-introduces-spend-insights-dashboard-to-provide-visual-single-view-of-entire-spend-cost-cutting-recommendations\/","title":{"rendered":"Basware Introduces Spend Insights Dashboard to Provide Visual, Single View of Entire Spend &amp; Cost-Cutting Recommendations"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Basware Introduces Spend Insights Dashboard to Provide Visual, Single View of Entire Spend &amp; Cost-Cutting Recommendations<\/b><\/p>\n<p><b><i>Data Includes Direct, Indirect, PO &amp; Non-PO Spend<\/i><\/b><\/p>\n<p>ESPOO, Finland&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.basware.com%2Fen-en%2Fnewsroom%2F&amp;esheet=52329927&amp;newsitemid=20201117005927&amp;lan=en-US&amp;anchor=Basware&amp;index=1&amp;md5=99ca73fc2ea2e9d585795ff40b7ef44c\">Basware<\/a> (Nasdaq: BAS1V) has launched two enhancements to its Analytics solution: a new, highly visual <b>Spend Insights<\/b> dashboard and a new functionality to enable payment performance analysis. The Spend Insights dashboard provides a single view across an organization\u2019s entire spend \u2013 direct, indirect, PO and non-PO \u2013 and recommendations on suggested actions, all designed to help procurement departments rapidly identify areas for potential savings. The payment performance feature now includes payment status and related details enabling the finance department to work with suppliers to improve data quality and the invoice submission process.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20201117005927\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201117005927\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201117005927\/en\/839532\/4\/Spend_visibility_through_automation_HIGHRES.jpg\" alt=\"Transparency is top of mind for the C-suite. Leverage automation to gain 100% spend visibility. (Graphic: Basware &amp; Harvard Business Review Analytic Services)\" \/><\/p>\n<p style=\"font-size:85%\">Transparency is top of mind for the C-suite. Leverage automation to gain 100% spend visibility. (Graphic: Basware &amp; Harvard Business Review Analytic Services)<\/p>\n<\/div>\n<p>\n\u201cSpend consolidation has become one of the most important strategies for organizations given the recent widespread financial uncertainties,\u201d states Sami Peltonen, VP of Purchase to Pay Product Management, Basware. \u201cHowever, before cutting unnecessary costs, organizations are keen to understand <i>exactly where<b \/><\/i>they are spending their money. And that\u2019s where the Spend Insights Dashboard comes into play \u2013 Spend insights is built on the backbone of Basware\u2019s ability to capture 100% of an organization\u2019s invoices to provide 100% spend visibility and enable what we call \u2018<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fr.basware.com%2Fvisiblecommerce&amp;esheet=52329927&amp;newsitemid=20201117005927&amp;lan=en-US&amp;anchor=Visible+Commerce&amp;index=2&amp;md5=3052e10c3123f953d6bdde715c6da844\">Visible Commerce<\/a>.\u2019 The dashboard is revolutionary as it provides this complete visibility in an <i>automated<\/i> manner, allowing organizations to make more effective, data-backed decisions.\u201d\n<\/p>\n<p>\nThe Spend Insights dashboard presents the data in a new, simplified user interface that enables a logical flow to an organization\u2019s data story; it provides granular details, such as visibility into authorized and contract-based spend, in very few clicks. In addition to facilitating a more intuitive spend analysis experience, the dashboard introduces dynamic, data-driven recommendations. It not only highlights an organization\u2019s top spend drivers, but also offers recommendations on what actions they can take to optimize their supplier base and minimize risk. By providing easy-to-consume insights on-the-go, this dashboard makes the task of understanding spend much less cumbersome.\n<\/p>\n<p><span style=\"font-weight:normal\">To learn more, read <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.basware.com%2Fen-us%2Fblog%2Fnovember-2020%2Fnew-basware-analytics-dashboard-provides-revolutio%2F&amp;esheet=52329927&amp;newsitemid=20201117005927&amp;lan=en-US&amp;anchor=New+Basware+Analytics+dashboard+provides+revolutionary+100%25+spend+visibility&amp;index=3&amp;md5=f6db1bfd407cfb0a55e4c8f1337ce7f1\">New Basware Analytics dashboard provides revolutionary 100% spend visibility<\/a> on the blog.<\/span><\/p>\n<p><b>About Basware: <\/b><\/p>\n<p>\nBasware 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\u2019s 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 (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestors.basware.com%2Fen&amp;esheet=52329927&amp;newsitemid=20201117005927&amp;lan=en-US&amp;anchor=BAS1V%3A+HE&amp;index=4&amp;md5=2f345f0313e1d0a08893a894286753e6\">BAS1V: HE<\/a>).\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201117005927r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201117005927\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201117005927\/en\/<\/a><\/span><\/p>\n<p>\nJeanne Bernish<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Media@Basware.com\">Media@Basware.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Europe Finland United States North America North Carolina<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Data Management Technology Software Banking Accounting<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201117005927\/en\/702307\/3\/Basware_logo_with_tagline.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201117005927\/en\/839532\/3\/Spend_visibility_through_automation_HIGHRES.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Transparency is top of mind for the C-suite. Leverage automation to gain 100% spend visibility. (Graphic: Basware &amp; Harvard Business Review Analytic Services)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Basware Introduces Spend Insights Dashboard to Provide Visual, Single View of Entire Spend &amp; Cost-Cutting Recommendations Data Includes Direct, Indirect, PO &amp; Non-PO Spend ESPOO, Finland&#8211;(BUSINESS WIRE)&#8211;Basware (Nasdaq: BAS1V) has launched two enhancements to its Analytics solution: a new, highly visual Spend Insights dashboard and a new functionality to enable payment performance analysis. The Spend Insights dashboard provides a single view across an organization\u2019s entire spend \u2013 direct, indirect, PO and non-PO \u2013 and recommendations on suggested actions, all designed to help procurement departments rapidly identify areas for potential savings. The payment performance feature now includes payment status and related details enabling the finance department to work with suppliers to improve data quality and the invoice submission process. This press &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/basware-introduces-spend-insights-dashboard-to-provide-visual-single-view-of-entire-spend-cost-cutting-recommendations\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Basware Introduces Spend Insights Dashboard to Provide Visual, Single View of Entire Spend &amp; Cost-Cutting Recommendations&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383170","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Basware Introduces Spend Insights Dashboard to Provide Visual, Single View of Entire Spend &amp; Cost-Cutting Recommendations - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/basware-introduces-spend-insights-dashboard-to-provide-visual-single-view-of-entire-spend-cost-cutting-recommendations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Basware Introduces Spend Insights Dashboard to Provide Visual, Single View of Entire Spend &amp; Cost-Cutting Recommendations - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Basware Introduces Spend Insights Dashboard to Provide Visual, Single View of Entire Spend &amp; Cost-Cutting Recommendations Data Includes Direct, Indirect, PO &amp; Non-PO Spend ESPOO, Finland&#8211;(BUSINESS WIRE)&#8211;Basware (Nasdaq: BAS1V) has launched two enhancements to its Analytics solution: a new, highly visual Spend Insights dashboard and a new functionality to enable payment performance analysis. The Spend Insights dashboard provides a single view across an organization\u2019s entire spend \u2013 direct, indirect, PO and non-PO \u2013 and recommendations on suggested actions, all designed to help procurement departments rapidly identify areas for potential savings. The payment performance feature now includes payment status and related details enabling the finance department to work with suppliers to improve data quality and the invoice submission process. 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