Basware is a forerunner in e-engagement and connected economy, through its cloud-based purchase-to-pay and e-invoicing solutions. The company has millions of business users in its global Basware Commerce Network, founded on the principle of openness.
Basware corporate responsibility is integrated in its business operations and the corporate values are the tools for everyday sustainable work within the Group. The company is committed to responsible operations in all of its economic, social and environmental activities.
Basware´s key strategy aim is to be the largest business commerce network in the world by 2015. The Basware Commerce Network is a global, secure and open network for organizations of all sizes. Currently it connects 900,000 companies globally, providing the most efficient way to connect and collaborate with buyers and suppliers, as well as process e-invoices, purchase orders and other electronic documents.
As a listed company on the OMX Helsinki Stock Exchange, Basware is committed to follow the rules and regulations set by the authorities and follow the law and regulations in each country the company operates. A great emphasis is placed on the company brand and reputation, open and transparent communications to different stakeholders, as well as internal company values.
The Basware Commerce Network is a tool for sustainable finance and commerce
When joining and collaborating with other companies through the Basware Commerce Network, organizations all around the world can improve their financial performance, transparency and mitigate their carbon footprint. It is a tool for sustainable finance and commerce.
Basware Commerce Network enables global, open collaboration and facilitates business operations. The Network is a tool for companies to deliver invoices between companies and countries with the inclusion of integrated VAT and other legislation. All companies within the network are able to achieve greater effectiveness in cash management and governance.
According to researchers, it is estimated that an e-invoice minimizes the carbon footprint by approximately 60 percent, compared to a paper invoice. The largest CO2 reductions will occur when companies can minimize the manual work involved in creating invoices. Reducing paper usage, transportation needs and waste also have a significant impact on lowering the carbon footprint.
When the data is structured on a true e-invoice, the cost savings and CO2 reductions are greater due to a higher level of automation in the business processes. Invoices in PDF or Word format are not true e-invoices, as the data is unstructured. With e-invoicing, companies no longer need to print, post, or process paper invoices manually.
The data centers used by Basware are being verified by their commitment to energy efficiency in their operations, such as cooling, heating and using smart technology solutions. Basware is committed to having partners that represent the very best knowhow, expertise and commitment to environmental issues.
The company has the Environmental Management System ISO 14 001 in place in Finland and the same operations are used globally in all Basware offices. This EMS has been audited by Bureau Veritas.
Digital, connected economy and paperless offices help Basware and its customers, partners and personnel to achieve more energy efficient business outcome.
Energy efficiency in the Basware global work community
The Basware global work community is committed to energy savings in all their daily operations. The carbon footprint reduction includes the avoidance of unnecessary business travelling and taking full advantage of such online office tools as video conferencing.