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When we were founded in 1985, our main goal was to provide the best financial technologies on the market. And today, over 35 years later, that objective holds true.

Our history at a glance

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


  • 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


  • 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


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

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


  • 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


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


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


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


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

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


  • Acquisition: Itella, a specialist invoice automation company


  • Acquisitions: TAG Services and Contempus


  • Acquisition: Digital Vision Technologies and its data capture expertise


  • Acquisition: Analyste, a leading payment software company


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


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


  • Launch: first financial management software


  • 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.


  • 2019 Magic Quadrant Leader for Procure to Pay suites for the fourth time

  • High scores for use cases and capabilities in The Gartner 2019 Critical Capabilities for Procure to Pay Suites Report

  • 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

  • Leader in the Forrester Wave: eProcurement Platforms, Q4 2019 with top scores for product strategy, globalization and invoice processing

  • Recognized as a Leader in The Forrester WaveTM: eProcurement Platforms, Q4 2019

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


  • Leader in the Worldwide SaaS and Cloud-Enabled Accounts Payable Applications 2019 Vendor Assessment

Spend Matters

  • Value leader for all buyer personas in the Q2 2019 Solution Map for P2P

  • 2016 listing in 50 Providers to Know


  • Best in Class in the 2019 ePayables Technology Advisor and #1 in Solution Strength and Invoice Process

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