B2B Payments

New Business Processing Partnership for Purchasing

Mphasis and Basware created a partnership to provide F&A Business Process Services spanning purchase-to-pay and e-invoicing. The service will feature a plug-and-play model with transaction-based pricing, to maximize efficiencies in the F&A function in organizations.

Mphasis an Indian IT solutions provider that offers applications, business process and infrastructure services globally through a combination of technology, domain and process expertise, will embed Basware's platform and its commerce network within its own portfolio to provide transaction based e-procurement, invoice automation services to its clients.

Mphasis’ trained professionals will deliver the services out of its centers in the U.S., Canada, Poland and India, to provide clients the options needed to balance regulatory requirements and cost of operations.

As Ari Salonen, General Manager for Basware’s Global BPO services explains,“Basware’s open commerce network with 1 million buyers and sellers will support Mphasis customers’ flawless exchange of purchase and invoice messages.”

“This is an ideal solution for business leaders to improve the efficiency and effectiveness of their finance operations,” says Anurag Bhatia, SVP & Head of BPO, Mphasis, “The solution delivers a platform-through-services that drives significant business improvement – while being extremely easy to adopt with near minimal upfront investments.”

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The September 2020 Leveraging The Digital Banking Shift Study, PYMNTS examines consumers’ growing use of online and mobile tools to open and manage accounts as well as the factors that are paramount in building and maintaining trust in the current economic environment. The report is based on a survey of nearly 2,200 account-holding U.S. consumers.

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