|[May 26, 2014]
Basware Named as a Leader in eProcurement by Independent Research Firm
ESPOO, Finland --(Business Wire)--
the leading provider of e-invoicing and purchase-to-pay
solutions, has been recognised as a leader in the "The Forrester (News - Alert) Wave™:
eProcurement Q2 2014" report by Forrester Research Inc., as result of a
comprehensive evaluation of procure-to-pay (P2P) automation platforms.
Forrester identified and evaluated the 11 most significant software
platforms through a combination of surveys, product demonstrations,
strategy briefings and customer reference calls for the report. The
vendors were then scored against a comprehensive set of 69 evaluation
criteria, including current offering, strategy and market presence.
The Forrester report described Basware as the largest independent
eProcurement vendor and a leading P2P solution provider with a solid
Alusta eProcurement platform. Furthermore, Basware was included as one
of four vendors that are described as established ePurchasing
specialists with broad suites and extensive supplier networks.
In the report Basware was recognised for excelling in invoice automation
and its capabilities fr capturing, validating and processing of all
types of invoices. As other strengths the analysts cited Basware's
innovative analytics and a large active supplier community - both
directly on its Basware Commerce Network and via interoperability with
over 170 other networks, making it one of the largest business networks
in terms of transaction volume and value going through it.
"Invoice automation plays an important role in P2P as it eliminates
time-consuming, manual processes and ensures spend visibility, full
control and efficiency. Combined with our open Basware Commerce Network,
companies everywhere can automate the invoice process internally and
externally and contribute to both the bottom line and business growth,"
said Esa Tihilä, CEO of Basware. "We're delighted about our leadership
position in invoice automation, which forms an integral part of P2P and
eProcurement solutions, and helps companies to unlock business value,
has been once again recognised by an independent research firm."
To download a complimentary copy of the latest Forrester report, please
Basware is the global leader in providing purchase-to-pay and
e-invoicing solutions in the world of commerce. We empower companies to
unlock value across their financial operations by simplifying and
streamlining key financial processes. Our Basware Commerce Network, the
largest open business network in the world, connects 1 million companies
across 100 countries and enables easy collaboration between buyers and
suppliers of all sizes. Through this network, leading companies around
the world achieve new levels of spend control, efficiency and closer
relations with their suppliers. With Basware, businesses can introduce
completely new ways of buying and selling to achieve significant cost
savings and boost their cash flow.
Find out how Basware helps money move more easily and lets commerce
flow at www.basware.com.
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