Basware Exec Named 'Pro to Know' for Supply Chain Financing Innovations

18 February 2016

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Ad van der Poel Recognized by Supply & Demand Chain Executive for B2B Payment Solutions that Boost Working Capital, Cash Flow

STAMFORD, Conn. -- Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today announced that Ad van der Poel, senior vice president of its Financing Services division, has been named a 2016 Provider Pro to Know recipient by Supply & Demand Chain Executive magazine. Van der Poel was recognized for helping to establish a new financing paradigm for buyers and suppliers that is significantly changing the world of B2B payments—freeing up money trapped in the supply chain, improving cash flow and enabling better management of working capital.

“It’s an honor to be chosen as a Pro to Know by Supply & Demand Chain Executive,” said van der Poel. “Along with everyone at Basware, I remain committed to helping companies unlock barriers to global commerce by improving cash flow and working capital, strengthening relationships with suppliers and creating new opportunities for strategic payments and financing.” 

Van der Poel helped to establish Basware Financing Services, a new portfolio of innovative financing services that allows companies to manage how and when they pay and get paid. With Basware Financing Services, companies can unlock trapped cash flow, and optimize their cash positions and working capital as they transact across the Basware Network - the largest open business commerce network in the world with more than one million buyer and supplier companies.

The Basware Financing Services portfolio provides multiple payment options that are beneficial for companies of all types – e.g. buyers, sellers, companies that are cash rich, cash poor or somewhere in between. These payment options include: a global e-Payment solution (Basware Pay), dynamic discounting (Basware Discount) and an e-invoicing based, supplier-driven, invoice financing service (Basware Advance).  

Ad Van der Poel joined Basware in 2014 with 20 years of experience in payments and cash management. He is responsible for bringing new and innovative financial services to the market for buyers and suppliers, as well as growing the Basware Network. Most recently he worked at Bank of America Merrill Lynch where he was head of Product Management EMEA, Global Treasury Services. Prior to that, he led the product management for e-Business, Payments & Cash Management at ING Commercial Banking. He was also one of the founders of iDEAL, the Internet payment method in the Netherlands.

The 16th annual listing of Pros to Know recognizes supply chain executives, and manufacturing and non-manufacturing enterprises that are leading initiatives to help prepare their companies’ supply chains for the significant challenges of today’s business climate.

Supply & Demand Chain Executive congratulates the 2016 Supply & Demand Chain Executive Pros to Know recipients. The Pros to Know is a listing of exceptional corporate executives at manufacturing and non-manufacturing enterprises who are leading initiatives to help prepare their companies' supply chains for the significant challenges in the year ahead,” says Ronnie Garrett, editor of Supply & Demand Chain Executive. “We commend recipients for their achievements. Their accomplishments offer a roadmap for other leaders looking to leverage the supply chain for competitive advantage. Their efforts in developing the tools, processes and a knowledge base for supply chain transformation, as well as in promoting new approaches to supply chain enablement, earned these individuals a rightful place in this year's Pros to Know listing.”

This year’s list of Supply & Demand Chain Executive Pros to Know awards includes more than 200 individuals from software firms and service providers, consultancies or academia, who helped their supply chain clients or the supply chain community at large prepare to meet these challenges—and more than 40 Practitioner Pros, who do the same within their own companies. For the full list of 2016 Pros to Know and Practitioner Pro winners visit Supply & Demand Chain Executive’s website at www.SDCExec.com.

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. Supply & Demand Chain Executive is a publication of Cygnus Business Media. On the Web at www.SDCExec.com.

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. We help our customers to succeed and create added value to their business through better financial management. Our Basware 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. The company’s North American business, Basware, Inc., is headquartered in Stamford, Conn.

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