Legacy of Innovation

Everything you need to know about Basware

We deliver the best financial supply chain solutions and experience.​​​​​​​ We help businesses like yours simplify operations and spend smarter.

Download the 'About Basware' factsheet

 

Our Values

Market-leading solutions and services

We simplify and speed-up paying and getting paid using networked, purchase-to-pay solutions and services, remove the need for paper invoicing with e-invoicing and help streamline the procurement process.

Driving Customer Success

We work as one committed team helping our customers reach their goals. Our customers’ success is our success.

Striving for Excellence

We are dedicated professionals seeking opportunities to improve, with a steady focus on customer needs.

Leading the Way

We are thought leaders who create innovative solutions and services. Dedication and continuous improvement make us market leaders positioning us as trusted partners with our customers.

Inspiring and Inspirational

We are at the heart of our business bringing out the best in each other. Achieving great things takes courage, passion and inspiration. We have fun in our work and are proud to be Baswareans.

Our history at a glance

Global innovation is built into our company DNA. See how we’ve evolved.

2019

  • Launch: Basware can provide actionable insights to manage KPIs and workloads in AP departments and financial shared service centers

  • Launch: SmartOrders service advances collaboration between buyers and suppliers in the procurement process via actionable emails

2018

  • Launch: SmartPDF service easily turns email-based invoices from suppliers into true electronic invoices

  • Launch: Committed spend analytics include 100% of spend, both direct and indirect, based on purchase orders, payment plans and non-PO invoices providing both retrospective and future views into spend

2017

  • Launch: Basware analytics with the peer benchmarking capabilities enables users to track their performance against their peers

  • Launch: SmartCoding helps organisations further automate their invoice processing of non-PO invoices through machine learning

2016

  • Launch: Marketplace an advanced catalogue management solution for private and public sector

  • Launch: Collaborative e-procurement solution that engages employees to drive cost savings

  • Acquisition: Verian, a leading cloud-based purchase-to-pay solution provider in the US

2015

  • Acquisition: Procserve, the UK's leading e-procurement solution provider for the public sector

2014

  • Launch: Basware's first value-added services on the Basware Network, Financing Services portfolio

2013

  • Acquisition: Certipost, the leading e-invoice operator in the Benelux

2012

  • Launch: Alusta, the cloud-based B2B platform for transaction collaboration on Basware's Network

  • Acquisition: First Businesspost , the German e-invoicing operator

2009

  • Acquisition: Itella, a specialist invoice automation company

2008

  • Acquisitions: TAG Services and Contempus

2007

  • Acquisition: Digital Vision Technologies and its data capture expertise

2006

  • Acquisition: Analyste, a leading payment software company

2005

  • Launch: Fully integrated Purchase-to-Pay solution suite

2000

  • Launch: Basware listed on Helsinki Nasdaq – Trading code BAS1V
  • Launch: purchase management software and e-invoicing service

1992

  • Launch: first financial management software

1985

  • Launch: Basware founded in Finland

Industry recognition

We don’t like to boast, but we do appear to have a habit of winning awards. See for yourself.

PayStream Advisors

  • 2016 received the highest score for Adapability in the Procure-to-Pay Navigator report

  • 2016 e-procurement solutions named Innovative Procurement Technology of the Year at Innovate Awards

Gartner

  • 2018 Magic Quadrant Leader for Procure to Pay suites for the third time

  • 2016 Magic Quadrant Leader in Procure to Pay suites for the second time

  • 2016 Technology Insight Representative Provider in procurement networks

  • 2015 Magic Quadrant Leader for Procure to Pay suites for Indirect Procurement

Forrester Research

  • 2016 Vendor Landscape: B2B Business Networks positioning as one of the largest cross-industry supplier networks

Spend Matters

  • 2016 listing in 50 Providers to Know

Global Finance magazine

  • 2017 Best Web-Based Supply Chain Financing Solutions

  • 2016 Innovators in Trade Finance & Transaction Services

  • 2016 listing in Best Web-Based Supply Chain Financing Solutions

  • 2016 Best Provider of Working Capital Management Solutions and Accounts Payable

  • 2016 Best Provider of Accounts Payable for second year running

  • 2015 Best Provider of E-Invoicing for Treasury & Cash Management