HCL Tech partners Basware for P2P solution
HCL Technologies has partnered with Basware Corporation for induction of purchase-to-pay solutions to help improve its own customer delivery processes and achieve cost reductions. The Company claimed that it is to provide Basware's invoice automation, procurement and connectivity solutions for process enhancement and increased cost reductions to help its clients improve productivity.
This partnership is believed to strengthen HCL's purchase-to-pay (P2P) solution, enabling customers to substantially reduce invoice processing time and maximise straight-through processing with minimal manual intervention. HCL's P2P solution is to also provide significant improvement with respect to its clients' working capital requirements by improving Days Payable Outstanding (DPO), eliminating duplicate payments, avoiding interest charges on late payments and taking advantage of early payment discounts offered by suppliers through Basware's purchase-to-pay solutions.
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