Basware Makes Materials Transfer Even Easier for the Oil and Gas Industry
Summary
ESPOO, Finland--( BUSINESS WIRE )--Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, introduced enhancements to its e-procurement solution that help oil and gas companies further automate the materials transfer process resulting in significant efficiency gains.Increase visibility by tracking the location of high-value equipment Save costs by reducing manual activities associated with material movements Increase efficiency by automating financial entries around material transfer Properly depreciate assets by recording the condition with each move Document complete audit trails and transaction histories.“A recent Deloitte report, 2018 Outlook on Oil and Gas, stated that the digital revolution could mean the difference between thriving, surviving, or not just making it in this industry.”Materials transfer functionality helps oil and gas companies contain costs by preserving high-dollar equipment and generating savings by increasing efficiency in the back office.Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers.
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