Mphasis & Basware Delivers Business As-A-Service

Mphasis, a global IT services leader, today announced a partnership with Basware Corporation to provide F&A Business Process Services spanning purchase-to-pay and e-invoicing. Mphasis will embed Basware’s platform and its Commerce Network within its own portfolio and provide transaction based e-procurement and invoice automation services to its clients around the world. Basware is the global leader in providing solutions for better buying, better selling and connected commerce. Mphasis is a leading IT solutions provider, offering Applications, Business Process and Infrastructure Services globally through a combination of technology knowhow, domain and process expertise.

Through the partnership, Mphasis will offer a true and comprehensive “Business Process –as-a-Service,” which organizations can adopt irrespective of the financial systems they are on. This integrated “platform plus services” has the potential to offer significant value through the summation across process optimization, platform consolidation, workforce optimization and business insights to its clients. Mphasis’ trained professionals will deliver the services out of its centers in the U.S., Canada, Poland and India, thereby providing clients the options needed to balance regulatory requirements and cost of operations.

The service features an easy-to-use plug-and-play model with transaction-based pricing, to maximize efficiencies in the F&A function in organizations.

“Mphasis is leading the pack in using end-to-end process automation to provide world-class F&A outsourcing services.  We are excited that Mphasis has chosen our Alusta Purchase-to-Pay automation solutions as the foundation for the Business Process as a Service offering.  In addition to optimizing working capital through automation, Mphasis’s customers will benefit from our analytics, social collaboration, and mobile solutions to identify improvement opportunities, resolve issues quickly, and allow end-users the freedom to connect from anywhere. Basware’s open commerce network with 1 million buyers and sellers will support Mphasis customers’ flawless exchange of purchase and invoice messages, said Ari Salonen, General Manager for Basware’s Global BPO services. 

“Our partnership with Basware enables Mphasis to rapidly introduce true BPaaS services in the field of Procure-to-Pay and invoice automation to the market,” said Anurag Bhatia, SVP & Head of BPO, Mphasis. “This is an ideal solution for business leaders to improve the efficiency and effectiveness of their finance operations. The solution delivers a platform-through-services that drives significant business improvement – while being extremely easy to adopt with near minimal upfront investments.”