Independent research cited Basware as one of the largest cross-industry supplier networks

12 January 2016

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Research cited Basware’s promotion of its “open network” approach and the new opportunities for broader-scope business networks for B2B e-commerce

ESPOO, Finland, 12 January, 2016 - Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today announced that they have been included in the report: Vendor Landscape: B2B Business Networks, Forrester Research, Inc., September 14, 2015. The research, based on interviews conducted by Forrester with more than 20 vendors, examines the landscape of current B2B business networks and how effective document exchange is critical for B2B commerce, playing a key role on the business technology agenda for winning, serving, and retaining customers. Besides better document exchange, companies, and often the CIO specifically, are looking for better ways to collaborate with their business partners and thus are evaluating different B2B e-commerce networks.
 
Among the key takeaways in the research, which analyses how supplier and EDI-based networks have started to evolve to support supplier-buyer collaboration, are:
 
  • Business networks are the emerging linchpin for B2B e-commerce
Networks that will handle purchase orders and invoice transactions will continue to be a necessary part of B2B commerce. But with document delivery becoming commoditized and B2B relationships beginning to require real-time collaboration between buyers and suppliers, new opportunities are emerging for supplier networks to become broader-scope business networks.
 
  • Balance current needs for supplier networks with the future of business networks
CIOs and their business partners on the buy-side and the sell-side will need to match their current B2B network needs with the right supplier network providers for electronic document delivery and synchronization while looking to the future for which vendors will be best positioned to be their business network services providers.
 
*Vendor Landscape: B2B Business Networks, Forrester Research, Inc., September 14, 2015
 
“The open networks, such as Basware’s, are significant enablers for the entire B2B commerce. Getting connected and networked has become a competitive requirement for today’s leading organizations. The Basware Network is the easiest way to do business. It helps you grow your business and manage cash flows. The size and scale of the Basware Network with buyers and sellers across the world provides a flexible platform to get connected and improve relationships with your suppliers, wherever they are. It also offers a more holistic view on your organization and its role as both, a buyer and a supplier, resulting in a positive network effect,” says Esa Tihilä, CEO, Basware. “The network also enables completely new value-added services for organizations of all sizes: through Basware’s Financing Services in the Basware Network organizations are able to make or take payment as cash flow requires. This agility creates competitive advantage and directly impacts the bottom line.”
 
More information:
Read the research Vendor Landscape: B2B Business Networks, Forrester Research, Inc., September 14, 2015: www.basware.com/knowledge-center/forrester-business-network-report 
 
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. 
 
Find out how Basware helps money move more easily and lets commerce flow at www.basware.com
 
 
Contacts:
Sirje Ahvenlampi-Hyvönen
Communications Director, Basware
sirje.ahvenlampi@basware.com, tel. +358 50 557 3822
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