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Basware and TriFinance Announce Partnership for Specialised Offer in Procure-to-Pay Services

Wednesday, October 28, 2020

Basware and TriFinance Announce Partnership for Specialised Offer in Procure-to-Pay Services

Erembodegem/Antwerp 28 October 2020 - Basware and TriFinance Belgium have signed a partnership for cooperation in the field of e-procurement services. The partnership enables both companies to offer strong, pragmatic solutions in the field of Procure-to-Pay.

Process optimisation

The partnership is between Basware and TriFinance through its TriFinance Blue Chip Boutique CFO Services, one of the advisory units specialized in risk management, process optimization and transformation. The cooperation starts in Belgium and will later be extended to the Netherlands and Germany.

“Basware is a strong global player,” says CFO Services Client Partner Filip Ceulemans. “In projects where we optimize the Procure-to-Pay process with clients, the Basware technology is a valuable add-on to our process improvement. The choice for Basware fits in with our strategy to structurally collaborate with technology partners for the optimisation of business processes.”

One of the aims of the partnership is for existing customers to benefit from the relationship between the two companies. Basware can introduce TriFinance for a more conceptual framework and pragmatic advice and TriFinance can bring significant economies of scale through the introduction of Basware solutions around procurement, including those where vendor selection based on RFQ is the norm.

Completely new projects can also be tackled jointly to offer clients a tailor-made total solution. The end customer then receives an optimal end solution that includes both Basware's SaaS services and the entire TriFinance framework, from consulting, change management, business optimisation and so on.

“The services of Basware and TriFinance are very complementary with an enormous added value for the end customers,” said Dany De Budt, country manager at Basware Benelux. “With TriFinance we have found an excellent party with an important network. End customers will certainly benefit from this because they can count on additional service and expertise."

About Basware

Basware is the only provider of procure-to-pay and e-invoicing solutions that enables businesses to achieve 100% visibility of spending by capturing data. Basware's cloud-based technology enables organisations to fully manage their expenses, mitigate financial risk and reduce operational costs through automation. With the world's largest open business network and open technology ecosystem, Basware is uniquely positioned to deliver the solution required for Visible Commerce. This provides customers with full transparency in their financial, product and service flows around the world. Basware has offices in fourteen countries worldwide and is traded on the Helsinki Stock Exchange (BAS1V: HE). For more information: www.basware.com.

About TriFinance

TriFinance is an innovative service provider with a focus on Finance & Advisory in Belgium, the Netherlands, Germany and Luxembourg. In addition to transition and support, interim management and project implementation via project sourcing (Programme Act of 27 December 2012), the company offers services in the field of recruitment and selection. TriFinance has a permanent pool of highly specialised and flexibly deployable project consultants.

An important growth area of TriFinance is its management consultancy activity, in which multidisciplinary teams provide pragmatic advice to companies in the private and public sector and to financial institutions. TriFinance also takes care of implementation and realisation.

TriFinance has offices in Amsterdam, Rotterdam, Antwerp, Ghent, Brussels, Hasselt, Louvain-la-Neuve, Hamburg, Munich, Düsseldorf and Luxembourg. As a network organisation with a strong focus on human development, knowledge sharing, innovation and organisational development, it belongs to the Dutch Parklane Insight, a European growth company with 800 employees. Its mission is 'Furthering People for Better Performance in Do-How'.