BAS1V), the global leader in networked source-to-pay solutions,
e-invoicing and innovative financing services, is starting 2019 with an
unmatched number of connected organizations on the Basware Network. The
Magic Quadrant for Procure-to-Pay Suites ranked Basware as a Leader,
praising it for its extensive e-invoicing network and naming it a
“pioneer” in the open B2B network approach.
“Our position as a Leader in the Gartner Magic Quadrant is the result of
decades of bringing the latest technologies and processes to the global
markets,” said Vesa Tykkyläinen, CEO of Basware. “We have a massive
scale of organizations connected through the open network. Suppliers are
not charged for this access so diversity within the network is rich.”
“Companies find great value working with our teams to explore
possibilities within the network,” said Eric Wilson, Senior Vice
President, North America. “In a matter of weeks, our team recently
activated nearly 2,000 suppliers for one customer using our electronic
or PDF invoicing. We use the world's largest global business database, Dun
& Bradstreet, to enrich supplier data, and we work with one of
the world's largest financial organizations, Mastercard,
to provide innovative payment solutions on the network. There is nothing
comparable to it in today’s marketplace.”
The Basware Network isn’t just about easy transactions, it’s also about automating
as many processes as possible and ultimately deriving as much quality
data from those processes as possible. The future of open business
networks lies in mastering unstructured data and making sense out of
data chaos; the Basware Network provides a solution because of its open,
extensive nature. If both suppliers and buyers aren’t actively
connecting on the network, data isn’t actively flowing through it.
Therefore, the data that’s collected is fragmented and shows an
incomplete picture providing incomplete insights. Without complete,
quality data, artificial intelligence (AI), predictive analytics, and
all other innovative
features are rendered useless because everything depends on data
being available, accurate, and up-to-date.
To learn more about the Basware Network, visit the blog and read It’s
Not Magic; It’s the Largest Open B2B Network in the World.
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).
More information about Basware is available at www.basware.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190123005568/en/