Valtatech and Basware’s new partnership will provide a bespoke, digital transformation solution for Australia’s hyper competitive superannuation landscape. Enabling funds to gain competitive advantages, both in terms of their bottom line, and the value or experience they offer their members; while providing the visibility and insights fund managers require to improve risk mitigation, due diligence processes and governance.

The new superannuation digital transformation solution includes the following capabilities: a procure-to-pay system including financial governance/approval steps; a contract management repository to help speed up contract negotiations and link contracts with the full source-to-pay value chain; simplified options for tactical contracting, to ensure contract terms are adhered to and that the business can move at speed; a systemised supplier relationship management framework to better track and measure supplier performance; harnessing data to boost fund’s ability to build insights to better inform budgeting, financial performance, procurement activities and decisions; and integration with any superfund’s enterprise resource planning (ERP) system, while providing improved insight and controls across sourcing, contract management, purchasing, accounts payable automation, analytics and supplier relationship management, supplier catalogue enablement and electronic invoicing (e-invoicing).