Ilari Nurmi
Senior Vice President, Products & Services

For inclusion in the 2016 Magic Quadrant for Procure-to-Pay Suites report, Gartner evaluated 12 different software vendors and I’m happy to have Basware placed in the Leaders quadrant, again! I share the views of Basware's CEO Esa Tihilä about our positioning in the report being a strong indicator of Basware’s excellence in delivering extensive, networked purchase-to-pay solutions, enabling our customers across the world achieve better financial agility. At Basware we are seeing increasing number of CFOs and their organizations recognizing the power Networked Purchase-to-Pay solutions have – creating significant cost savings, improving operational efficiency, building better relationships with suppliers, enabling more flexible payment terms and boosting cash flow.

This year it was a double win for Basware!

This year I would say we had a "double win" since Verian as Basware's recent acquisition also featured in the same report and was positioned highest in Ability to Execute in Visionaries Quadrant. Verian also scored highest in customer satisfaction among vendors evaluated for this report.

At Basware we are excited to join forces with Verian as an industry visionary and believe our joint capabilities will provide our customers the most comprehensive purchase-to-pay, the world's largest open B2B network and market-leading financing services available today. We are excited to continue delivering together the latest technology that drives savings and efficiency through collaboration and stewardship over company funds. Together we connect one million companies around the world, offer trading partners new cloud-based financing services around payment and improve spend analytics around purchase that were previously unimaginable. We will continue 100% focus in P2P to lead the market with new innovations.

I consider the Magic Quadrant produced by Gartner is one of the most sought after reports. It's relied upon by business executives and technology leaders alike, to help with the selection of the best technology for their business needs. Basware's position in the Leaders Quadrant again in this report speaks for itself. 

 

Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

*Gartner, Magic Quadrant for Procure-to-Pay Suites, Deborah R Wilson, Paolo Malinverno, Magnus Bergfors, Desere Edwards. June 13, 2016