Recognized for Helping Companies Conduct Paperless B2B Commerce through Basware Commerce Network
Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today announced that it has been recognized with a Green Supply Chain Award for the fifth consecutive year from Supply & Demand Chain Executive magazine. Basware received the award for helping companies significantly reduce volumes of paper invoices through e-invoicing, automating financial processes and conducting business over the Basware Commerce Network, the largest open B2B commerce network. In addition to enabling sustainability, Basware’s solutions and services help companies gain critical visibility and control over finances, reduce costs and improve working capital.
"B2B commerce generates a massive amount of paper, and many mid- to large-sized companies receive hundreds of thousands of invoices with related documentation annually," said Bob Cohen, VP, North America, Basware. "Basware is committed to helping these companies eliminate paper by offering automated purchase-to-pay and e-invoicing solutions that will help them significantly reduce their carbon footprint."
Basware solutions drastically reduce the amount of paper-based invoices exchanged with trading partners, and allow buyers to easily transact collaboratively by sending e-invoices, orders and sharing catalogs with millions of suppliers across the globe through the Basware Commerce Network. By implementing e-invoicing, companies no longer need to print, post, process, manually key-in, store and dispose of paper invoices, helping them achieve green targets.
The 2014 Green Supply Chain Awards recognize companies that are making green or sustainability a core part of their supply chain strategy, and are working to achieve measurable sustainability goals within their own operations and/or supply chains, in the areas of Sourcing/Procurement, Fulfillment/Logistics, Operations, Product Lifecycle Management, and other areas of the supply chain. The awards also recognize providers of supply chain solutions and services assisting their customers in achieving measurable sustainability goals. Submissions were judged based on the clarity and content of the goals and strategy, the extent of the steps being taken, the impact of the results to date and projected results, and the form and presentation of the information submitted.
"The Green Supply Chain Awards honor companies and providers who are leading the way by implementing practices and offering solutions that have a significant impact on the environment," said Barry Hochfelder, editor, Supply & Demand Chain Executive. "Companies are finding that focusing on sustainability improvements in their supply chain not only helps them achieve green objectives, but it also provides competitive advantage."
About Supply & Demand Chain Executive
Supply & Demand Chain Executive (www.SDCExec.com) 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.
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.