As governments lift restrictions and businesses return to a “new normal”, Consumer Goods organizations have a unique opportunity to understand the changes brought forth by COVID-19 and plan for what comes next.
According to an Accenture survey, 84% of Consumer Goods CFOs are taking responsibility for data governance across their entire organization—more than any other industry surveyed. As an industry that tends to experience challenges with decentralized operations and high purchase order (PO) volume spend, it can be difficult to find a single source for data, creating a major barrier to implementing the automation and technologies needed to free their team for more value-adding tasks. This very barrier is the reason 81% of CFOs are targeting areas of new value across the enterprise for today, tomorrow, and the future.
Basware is the only procure-to-pay and e-invoicing solution provider that empowers businesses with 100% spend visibility through 100% data capture. Our cloud-based technology enables organisations 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)."