Magazine Credits Basware’s Enterprise Purchase-to-Pay Solutions for Helping Companies During the Recession and Beyond
STAMFORD, Conn. – June 24, 2009 – Basware, the leading provider of purchase to pay solutions, announced today that for the third consecutive year it has been selected as a top innovator in the eighth annual Supply & Demand Chain Executive 100 awards. The awards appear in the June/July issue of the popular business magazine and feature the leading providers of supply chain services and technologies that are at the forefront of innovation. Basware received this recognition based on its advanced invoice processing and purchasing solutions, which have enabled leading companies around the world to cut costs, gain control and improve visibility over the purchase to pay process.
“The 2009 Supply & Demand Chain Executive 100 includes supply chain solution and service providers that are helping their customers and clients both respond to the downturn, and more importantly, position themselves for growth ahead,” said Andrew K. Reese, editor of Supply & Demand Chain Executive. “Our goal with the "100" is to highlight a broad range of solutions and services targeted at a variety of industries, addressing the needs of companies of varying sizes, and assisting in the transformation of the diverse mix of the functions that make up the supply chain. Our readers turn to Supply & Demand Chain Executive to learn about new solutions and best practices for enabling the supply chain, to understand trends in supply chain technology, and to benchmark their own companies' enablement initiatives with those of other enterprises across industry verticals," added Reese. "The corporate executives and line-of-business leaders who rely on the magazine want to know what the different supply chain solution and service providers are doing to help them meet the challenges of the current economy."
”Basware’s technology provides significant competitive advantage,” said Ari Salonen, general manager, North America, Basware, Inc. “By using Basware’s purchase to pay technology, companies can strategically focus on key purchasing areas, improve supplier management, benefit from process improvements, and more effectively manage their cash flow and working capital throughout the supply chain – a formula for effective fiscal management and competitive advantage in all economic climates. We’re honored to be recognized once again by Supply & Demand Chain Executive and to be included among the world’s leading innovators in supply chain solutions.”
Basware’s enterprise purchase to pay solutions enable companies to solve problems of real-time visibility and control of finances as well as some of the most pressing issues in corporate finance today: managing and strengthening supplier relationships and reducing supplier risk; establishing accounting practices that address multiple currencies and languages; compliance with Sarbanes-Oxley (SOX) and other U.S. and European regulations; and extracting key financial data from disparate ERPs and back-end systems.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web at www.SDCExec.com.
About Basware
Basware is the global leader in purchase-to-pay solutions with more than 1,500 customers and 850,000 users in over 50 countries around the world. With Basware, organizations can reduce the cost of buying and paying for goods and services and gain visibility and control of their entire spending process by automating manual processes, from sourcing, contract management, purchasing and supplier collaboration to invoice automation. Basware solutions and services enable substantial cost reductions across businesses and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented, either on site or as a service, in Europe, the U.S., and Asia-Pacific through an extensive network of Basware offices and business partners. The company’s U.S. business, Basware, Inc., is headquartered in Stamford, Conn. More information can be found at www.basware.com/us.
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The Basware name is a registered trademark of Basware Corporation. The Basware logo is a trademark of Basware Corporation. All other product and service names mentioned are the trademarks of their respective companies.
COMPANY CONTACT:
Robert Cohen
Basware, Inc.
robert.cohen[at]basware.com
203-487-7905
MEDIA CONTACT:
Diane Pardes
Pardes Communications, Inc.
dpardes[at]pardescommunications.com
781-652-8059