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TMCNet:  Basware Named as a Leader in eProcurement by Independent Research Firm

[May 26, 2014]

Basware Named as a Leader in eProcurement by Independent Research Firm

ESPOO, Finland --(Business Wire)--

Basware, 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 visit www.basware.com/knowledge-center/research-forrester-wave-eprocurement.

About Basware

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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