Basware, an AP automation platform, has partnered with Deloitte, a professional services company, to enhance touchless invoice processing for companies worldwide.
As part of the partnership, Basware and Deloitte will combine their specialties in accounts payable (AP) and Deloitte’s access to finance networks to increase the speed of automation and finance transformation for its customers. Through this collaboration, the companies aim to address issues in the finance sector while providing solutions for touchless invoicing and e-invoicing.
The partnership is expected to increase efficiency in invoice processing, reduce compliance risk, and help companies with new legislation regarding e-invoicing. Through the partnership, the firms claim that AP teams will have the potential to process invoices 80% faster, reducing the average invoice processing time from 10 days to less than one day.
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