Basware Launches New Release of its Verian eProcurement Solution Suite; Provides Increased Collaboration, Time-Saving Features

2 August 2016

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STAMFORD, CT. – Aug. 2, 2016 – Basware, the global leader in networked purchase-to-pay, e-invoicing and innovative finance solutions, announced today the summer release of its cloud eProcurement solution suite, from recently acquired Verian. The new version, which was developed based on customer feedback, incorporates advanced features and functionality to provide greater collaboration, efficiency and time savings as well as convenience for mobile users.

“Our customers are continuously working to empower their staff with a self-managing system that automates key tasks and delivers greater efficiency and improved cash flow,” said Tehseen Dahya, general manager, North America, Basware. “The new release of the Verian eProcurement solution suite helps organizations further these goals by enabling end-users, procurement teams and accounts payable staff to more easily and efficiently work together as they create and process orders for goods and services regardless of their location. It also enables organizations to achieve greater accuracy and productivity in their purchasing and finance operations and ultimately cut costs through increased visibility into spend.”

The new solution suite empowers users to more fully communicate with each other and engage in the buying process. New features built into the requesting process enable users to save time, while upgraded strategic sourcing capabilities expedite the sourcing process. Additionally, continued advancements in the mobile application provide more convenience for remote activities.

In addition to the ability to easily make requisition modifications during approval, some of the solutions’ expanded capabilities include: receiver and buyer enhancements for greater efficiency and ease-of-use, one-click capabilities extended to email approvals, account coding enhancements and mobile application enhancements, including the ability to approve expense reports remotely.

Basware recently acquired Verian to bring the very best in e-procurement and invoice automation solutions to the market. Through this union, Basware is now able to offer North American businesses the most comprehensive purchase-to-pay solutions, access to the world’s largest open B2B commerce network, and additional financing and supplier management services.

As part of the acquisition of Verian, Basware now embraces the WeProcurement approach to customer adoption, which empowers customers to harness the “Power of We” across their enterprises and create a collaborative process that delivers relevance, intelligence and awareness within the e-procurement system. This systematic approach makes employees better stewards over company funds by enabling everyone to work together to save costs, reduce risk and fuel new working capital. To learn more about WeProcurement and the importance of relevance, intelligence and awareness in an e-procurement solution, download the eBook.

About Basware

Basware is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. The company’s North American business, Basware, Inc., is headquartered in Stamford, Conn. Find out more at www.basware.com.

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