Basware's Ari Salonen Named 'Pro to Know' by Supply & Demand Chain Executive Magazine

Recognized for Helping Companies Use Purchase-to-Pay Solutions to Cut Costs, Gain Visibility, Improve Control

STAMFORD, Conn., Feb 24, 2010 – Basware, the global leader in purchase-to-pay solutions, today announced that Ari Salonen, general manager, North America, has been named one of the 2010 Provider Pros to Know by Supply & Demand Chain Executive magazine. The tenth annual listing identifies corporate executives from software firms or service providers, consultancies, and analyst or research firms who have personally helped companies address the challenges of the recession and prepare for the recovery ahead.

Salonen was recognized in the Provider Pros to Know category for helping companies implement proven solutions to effectively address a major supply chain challenge: mastering control and real-time visibility into purchasing and accounts payable processes. He has guided them in implementing strong financial practices, along with cutting-edge purchase-to-pay solutions, to drastically cut costs and achieve significant business benefits, such as: managing cash flow, spend and working capital management; managing and strengthening supplier relationships and reducing supplier risk; conducting sound global financial operations; and gaining visibility and control throughout the financial value chain.

“Corporate financial strength depends on knowing where, how and with whom you are spending your money,” said Salonen. ”This not only enables companies to understand their past purchasing and payment practices, but also to more effectively manage spend, cash flow and working capital. While financial visibility and control are important in all economic climates, they are even more critical in a recession.”

“This year's Provider Pros to Know, such as Ari Salonen, have shown themselves to be thought-leaders in the Supply Chain industry," said Andrew K. Reese, editor of Supply & Demand Chain Executive. "Highlighting the learnings that the Provider Pros to Know have taken out of the Great Recession provides our readers with a wealth of best practices that they can apply in their own supply chains, as well as insights into how leading organizations are positioning themselves for competitive advantage in the Great Recovery ahead."

The full listing of the 2010 Pros to Know will be available in the February/March 2010 issue of Supply & Demand Chain Executive magazine and e-book beginning in the third week of March and on the Supply & Demand Chain Executive Web site at SDCExec.com/2010Prostoknow.

About Supply & Demand Chain Executive

Supply & Demand Chain Executive 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. On the Web at www.SDCExec.com.

About Basware
Basware is the global leader in purchase-to-pay solutions with more than 1,500 customers and 1,000,000 users in over 50 countries around the world. With Basware, organizations can reduce the cost of buying and paying for goods and services and gain visibility and control of their entire spending process by automating manual processes, from sourcing, contract management, purchasing and supplier collaboration to invoice automation. Basware solutions and services enable substantial cost reductions across businesses and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented, either on site or as a service, in Europe, the US, and Asia-Pacific through an extensive network of Basware offices and business partners. www.basware.com 

Press contact:
Press contact: Emilia Vaajoensuu, Communications Manager, Basware, firstname.lastname@basware.com.
Octopus Communications: basware@octopuscomms.net or 00 44 845 700 655