Basware Exec Recognized Among Who's Who in Treasury & Cash Management

25 November 2014

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Ilari Nurmi Noted for Helping Companies Leverage Financial Automation to Improve Working Capital, Achieve Connected Commerce

Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today announced that Ilari Nurmi, the company’s senior vice president of products and services, has been recognized by Global Finance, a leading trade magazine, in its annual “Who’s Who in Treasury & Cash Management” issue. He was selected for helping companies more effectively manage spend, cash flow and working capital through Basware’s invoice automation solutions and e-invoicing services.

Nurmi has led key Basware initiatives during the past year, including managing an expanded purchase-to-pay and e-invoicing portfolio through new partnerships; introducing new products and services; engaging customers in the adoption of e-invoicing; and expanding Basware’s cloud-based open B2B platform, the Basware Network. Through the network, which enables one million companies to send and receive e-invoices and e-orders in real-time, Basware is helping companies break down barriers to trade and grow their businesses. This leads to the easier flow of money and connected commerce on a larger scale.

“I am honored to be included among this elite group of people in Treasury & Cash Management, and it highlights the innovative work that we at Basware are doing to help companies achieve financial automation excellence,” said Nurmi. “Through advanced financial automation solutions we are helping them increase efficiency, improve buyer/supplier collaboration and effectively manage working capital and cash flow – which are critical business benefits in an increasingly connected world.”

Nurmi has worked with the Basware team and MasterCard to launch a new electronic payment service. This service, which is the first of its kind in the industry, is changing the way businesses around the world pay and get paid. The combined global B2B payment solution ensures that suppliers are quickly paid upon invoice approval, while extending payment terms for buyers.

About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Its circulation is audited by BPA. Global Finance’s audience includes chairmen, presidents, CEOs, CFOs, treasurers and other senior financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its mission is to help corporate leaders, bankers and investors chart the course of global business and finance. Its website –– GFmag.com –– offers analysis and articles that are the heritage of 27 years of experience in international financial markets, and provides a valuable source of data on 192 countries. It is headquartered in New York, with offices in London and Milan.

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 Network, the largest open business network in the world, connects one 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.

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