Challenge: Required central repository to manage offers, pricing and revenue reports.
Solution: Qvantel provided Product Catalog as a platform for defining service offerings and pricing models. Qvantel’s Mediation collects transaction data from Basware’s various transaction engines.
Results: Automated Rating and Billing, system is scalable to handle future business growth, revenue leakage reduced by 99%.
Basware is a global leader in enterprise purchase-to-pay and financial management solutions. Over 1,000,000 users depend on Basware software to automate business-critical financial processes to automate purchase and expense account handling and processing to increase the overall efficiency of purchase management.
The e-invoicing market is growing strongly, and Basware aims to reach the 100 million invoice mark by 2014. With easy-to-use solutions for cost savings through process efficiency, transparency and compliance, Basware’s financial control solutions embrace various aspects of business operations from planning to reporting.