ESPOO, Finland, OCTOBER 22, 2020 -- Basware (Nasdaq: BAS1V) has been recognized as a Visionary in the Gartner Magic Quadrant Procure-to-Pay (P2P) Suites1. Visionaries understand where the market is going or have a vision for changing the market.
Basware was recognized for its robust support for Accounts Payable (AP) automation and payments, leveraging artificial intelligence-based processes to automate matching, coding and routing of invoices. Gartner identified Basware’s robust ecosystem as a strength, thanks to preconnected tax engines, scanning, data services and B2B marketplaces. Basware also stood out in its suitability for global customers, with cloud data centers and support offices spanning all major regions of the world, support for 26 languages out of the box and e-Invoicing compliance in nearly 60 countries.
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1Gartner, Magic Quadrant for Procure-to-Pay Suites, Kaitlynn Sommers, Micky Keck, William McNeill and Tim Faith, 19 October 2020.
Basware is the only procure-to-pay and e-invoicing solution provider that empowers businesses with 100% spend visibility through 100% supplier connectivity and 100% data capture. Our cloud-based technology enables organizations to fully manage their spend, mitigate financial risk and reduce the cost of operations via automation. With the world’s largest open business network and an open technology ecosystem, we are uniquely positioned to deliver the solution required for Visible Commerce, which provides customers with complete transparency into all the flows of money, goods, and services around the world. A global company, Basware has offices in 14 countries and is traded on the Helsinki exchange (BAS1V: HE).