<p>HCL Technologies today entered into a affiliation with Basware Corporation for consecration of the Finnishcomputer application provider&#8217;s purchase-to-pay solutions to advice advance its own chump commitment processes and accomplish amount reductions.</p>
<p>HCL will advantage Basware&#8217;s balance automation, accretion and connectivity solutions for action accessory and added amount abridgement to advice its audience advance productivity, HCL Technologies said in a filing to the Bombay Stock Exchange.</p>
<p>&#8220;Customers are fast-realising that automating their purchase-to-pay action is an important way to drive cogent amount reductions and advance productivity,&#8221; HCL Tech Vice President, Finance and Accounting, Business Services, Randy Mueller said.</p>
<p>The Basware affiliation will accredit barter to essentially abate balance processing time and maximise straight-through processing with basal chiral intervention.</p>
<p>HCL&#8217;s P2P band-aid will additionally accommodate cogent improvements with account to its clients&#8217; alive basic requirements by convalescent Days Payable Outstanding (DPO), eliminating alike payments, alienated absorption accuse on backward payments and demography advantage of aboriginal acquittal discounts offered by suppliers through Basware&#8217;s purchase-to-pay solutions.</p>
<p>According to a Forrester report, titled, &#8216;Predictions 2011: e-Purchasing Bazaar To Grow 12%&#8217;, the e-purchasing bazaar is predicted to attestant an access in 2011, demography its admeasurement to over $4.4 billion, which indicates that P2P solutions are accepting absorption in the minds of business leaders.</p>
<p><a href="https://www.byutiful.net">Shares of HCL Technologies</a> were trading at Rs 397.60 on the BSE, up 1.81% from their antecedent close.</p>

HCL Tech, Basware partner to grow P2P processes
