Basware Named Best Accounts Payable, E-Invoicing Provider for Treasury & Cash Management

9 March 2015

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Global Finance Recognizes Basware for Helping Companies Unlock Value, Improve Working Capital, Cash Management

STAMFORD, Conn., March 9, 2015 – Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today announced that it has been ranked among the World's Best Treasury & Cash Management Providers by Global Finance magazine in its annual ranking. Basware was selected as the Best Accounts Payable Solution and Best E-Invoicing Solution by the Global Finance editorial team, with input from industry analysts, corporate executives and technology experts. This marks a total of seven exclusive treasury management awards that Basware has received from Global Finance over the past several years.

Basware received this recognition for its innovative leadership in providing a full portfolio of SaaS and on-premise-based purchase-to-pay and e-invoicing solutions for B2B commerce. It empowers companies to unlock value across their financial operations, and provides the visibility and control to enable companies to effectively manage cash flow, working capital and spend.

We are honored to once again be included among the World's Best Treasury and Cash Management Providers in Global Finance’s annual ranking,” said Robert Cohen, vice president, North America for Basware. “We are continuing to innovate solutions that help companies unlock the value in their financial operations, and achieve financial visibility and control over working capital management and spend. Basware is also committed to the growth of global B2B commerce by providing completely new ways companies can buy and sell – enabling them to achieve significant cost savings, boost their cash flow and improve relations with their trading partners.”

Basware’s flagship solution within the Accounts Payable suite, Basware Invoice Automation, enables companies to automate the invoicing process, greatly reducing the time it takes to process an invoice, typically from many weeks to a matter of days. In addition to offering extensive e-invoicing services, Basware operates The Basware Commerce Network, the largest open B2B network in the world. Basware also recently announced a partnership with MasterCard, launching a ground-breaking solution, Basware Pay, that ensures suppliers are paid fast upon invoice approval, while extending payment terms for buyers.

Global Finance used a multi-tiered assessment process—which included a readers’ poll, input from industry analysts, corporate executives, and technology experts and independent research—to select the best providers of treasury and cash management services. A variety of subjective and objective criteria were considered, including: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision.

The winners in our annual Treasury & Cash Management awards are those that offer sophisticated domestic, regional and/or global solutions with a best-of-breed technology backbone and a client-centric front end,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance.”

The ranking is published in the March 2015 issue of the magazine. More information can be found at http://www.gfmag.com/media/press-releasess/tcm-worlds-best-treasury-cash-management-providers-2015.

 

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. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management. Its website — GFmag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets, and provides a valuable source of data on 192 countries. Global Finance 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 Commerce 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 U.S. business, Basware, Inc., is headquartered in Stamford, Conn.

Find out how Basware helps money move more easily and lets commerce flow at www.basware.com.

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Contacts:

COMPANY CONTACT:

Robert Cohen                                                
Basware, Inc.                                                                                                    
robert.cohen[at]basware.com                                                                            
203-487-7905

MEDIA CONTACT:

Diane Pardes
Pardes Communications LLC
dpardes[at]pardescommunications.com
781-652-8059

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