CHICAGO, Illinois. – April 25, 2019 — Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, announced the winners of its annual awards program at its user conference, Connect, in Chicago yesterday. Terex Corporation, Verisk Analytics, and the YMCA of the Greater Twin Cities were recognized.
“Our team is dedicated to helping our customers reach their financial supply chain goals, which are far-reaching and ultimately impact the overarching business ecosystem,” said Tommy Benston, Vice President of Customer Success for Basware. “As such, we think it’s important to pause to celebrate their tremendous wins. Please join us in congratulating these stand-out companies.”
The award criteria and recipient stories for each category are as follows:
Innovation Adoption Award: Celebrates the company that used Basware product innovations in a new or creative way. This year’s award went to Terex Corporation, global manufacturer of lifting and material processing products and services delivering lifecycle solutions that maximize customer return on investment, for adoption of “best fit matching.” Terex recently exceeded one million transactions where best fit matching was applied. Best fit matching has been one of the key components in helping Terex achieve touchless processing metrics.
Global Expansion Award: Recognizes a company for using Basware solutions to help accommodate its global expansion. Verisk Analytics, the world's most effective and responsible data analytics company in pursuit of customers' most strategic opportunities, expanded into Asia-Pac using Basware technology to connect their operations seamlessly.
Non-Profit Transparency Award: Commends a non-profit that provides full transparency for its spend-stewardship. The YMCA of the Greater Twin Cities activated the full purchase-to-pay Basware blended solution, allowing it to have 100% spend visibility for all stakeholders in 2018 and beyond.
This is the second year that Basware has hosted its awards program at Connect. Connect is an inspirational and thought-provoking annual user conference that explores the latest trends in finance, accounts payable and procurement.
Basware offers the largest open business network in the world and is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Our technology empowers organizations with 100% spend visibility by enabling the capture of all financial data across procurement, finance, accounts payable and accounts receivable functions. Basware is a global company doing business in more than 100 countries and is traded on the Helsinki exchange (BAS1V: HE).