Aggreko Chooses Basware to Power Invoice Automation
Power Rental Giant Picks nSYS and Basware to Improve Invoice Processing Efficiency
(Guildford, UK) – 27 August, 2009 – Aggreko plc, the global leader in temporary power and temperature control solutions, has selected Basware for its invoice automation in a new contract announced today.
The deal will see the Basware Invoice Automation solution deployed across Aggreko’s Northern Europe and Continental Europe divisions, with leading IT consultancy firm nSYS implementing the solution and providing integration across the Aggreko group network. With 133 locations in over 100 countries, Aggreko deals with thousands of different customers and suppliers every year, with invoices incorporating multiple languages and currencies. Between the two divisions Aggreko processes around 85,000 supplier invoices per annum.
Process clarity and simplicity were the main drivers behind Aggreko’s adoption of Basware, along with proven integration with the firm’s global ERP system, Movex. The Basware solution will help Aggreko gain visibility and control over its invoice handling process as well as gain cost savings thanks to greater process efficiency. The firm’s European Financial Director Dan Ibbetson has high hopes for the implementation.
“It was vitally important for us that we were able to achieve some real results from this implementation before we went ahead with it,” says Ibbetson. “As we outlined the project, and discussed the deliverables, it quickly became clear that Basware and nSYS would be able to put in place an efficient system that gives us visibility of all of our financial transactions across the business, which is fundamentally important to us. Aggreko prides itself on inspiring confidence in its customers, and the internal confidence that comes from this kind of accountability goes a long way towards that.”
Aggreko is also set to make good use of the Basware KPI Reporting Tool to help achieve the necessary visibility of results. Processing such a large number of purchase invoices will require in-depth analysis to ensure efficiency in the purchase-to-pay process. The Basware tool will examine Aggreko’s key data to identify potential bottlenecks in the process, help achieve key strategic goals and create a cycle of continuous improvement.
Basware’s UK Country Manager, Dr Matt Lees, says: “We’re absolutely thrilled to be delivering this solution to Aggreko in partnership with nSYS. Aggreko is a major name worldwide, and we’re delighted to be working with the company as it continues to expand into new territories. We look forward to helping Aggreko to save time and money, and will be working hard to ensure that they begin to see ROI right from day one.”
The project will be rolled out in the summer, and is expected to go live in November 2009.
The Basware Invoice Automation solution is a cutting-edge electronic invoice processing solution that eliminates the need to manually process purchase invoices. The solution supports electronic workflow, revision, matching with purchase orders, cost allocation and approval of invoices as well as transfer to an organization’s ERP or financial system.
