Basware

Basware provides open, secure, cloud-based purchase-to-pay and e-invoicing solutions to organizations of all sizes, resulting in greater efficiencies in procurement, accounts payable and accounts receivable. Companies across all industries, from small businesses to corporate giants use Basware solutions to drive sustainable cost savings, proactive insight to cash flows and improved buyer–supplier relationships. The Basware Commerce Network is founded on the principles of openness, where all types of organizations can collaborate and trade, making it the largest in the world. Today we connect millions of business users in 900,000 companies across over 100 countries. Basware is the global leader in providing solutions for better buying, better selling and connected commerce. Find out how Basware boosts financial performance and profitability at www.basware.com.

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Recent posts

August 2014

  1. Use e-invoicing to protect yourself against invoice fraud

    Although there are no guaranteed ways of totally diminishing invoice fraud for your business, the implementation of e-invoicing is a positive step towards achieving this goal. The benefits of e-invoicing certainly outweigh traditional paper invoicing and provide many controls and rules to prevent fraud. Find out more on how you can safeguard yourself against invoice fraud, ‘avoiding the f word’

July 2014

  1. Basware signs Alusta implementation for Oil and Gas multinational

    Basware has signed a big e-invoicing services agreement for a international oil and gas company that is located in the U.S.. At the core of the contract Basware will set up its Alusta purchase-to-pay platform to deliver a variety of global e-invoicing and supplier services. The value of the agreement is approximately EUR 2.8 million over the next five years.

June 2014

  1. Basware signs E-invoicing contract with American Interior Renovations Company

    Basware has signed an agreement for the delivery of e-invoicing services with a major provider of interior renovations in North America. The agreement includes 100% inbound e-invoicing with a scanning service and a mobile solution for processing e-invoices. The services will be implemented in North America. The value of the agreement exceeds EUR 400,000 over three years.

  2. Infographic: unlocking USD 2 trillion with e-invoicing, AP automation and e-procurement

    Across the world of commerce, financial change makers are unlocking a wave of economic value. Accounts payable automation, e-invoicing, e-procurement and e-payment solutions are transforming financial operations and delivering savings to enhance cash flows and boost capital growth.

    This infographic shows that with e-invoicing, AP automation and e-procurement we can unlock over USD 2 trillion (2.o00 billion) of value. Download this infographic to find out more.

  3. Basware extends AP automation and e-invoicing services for North American brewer

    Basware has expanded its contract with a major North American brewing company to deliver AP automation and (100% inbound) e-invoicing services to them. Powered by Alusta, the agreement also includes Basware Analytics, a local supplier activation program, and a portal for supplier collaboration. The value of the agreement exceeds EUR 300,000 over three years.

  4. Increase your AP Automation with these 5 proven working capital strategies

    Studies show that working capital initiatives deliver as much as 10 times the value of accounts payable (AP) automation alone. Successful AP managers are increasingly turning to early pay programs and dynamic discounting to drive their AP success. To learn how you can use AP automation to strengthen supplier relationships and generate huge savings, view this webinar from Basware and industry veteran Tom Glassanos.

  5. Basware blog: Keep your cash close, and your suppliers closer

    We dug up this interesting post from Andrew Jesse (Vice President Basware in London). He focusses on the fact that late payments can pose a serious risk to a small supplier’s financial health, given that they have less of a financial ‘buffer’ than their larger counterparts. So, it’s unsurprising that extended payment policies are putting pressure on buyer-supplier relationships.

    The combination of e-invoicing and new e-payment solutions like Basware and VISA helps solve these extended payments and supplier cash flow issues.

May 2014

  1. Basware mentioned as an eprocurement leader by Forrester

    Basware has been recognised as a leader in a report by Forrester, called the “The Forrester Wave: eProcurement Q2 2014” . The Forrester report described Basware as the largest independent eProcurement vendor and a leading P2P solution provider with a solid Alusta eProcurement platform.

    Furthermore, Basware was included as one of four vendors that are described as established ePurchasing specialists with broad suites and extensive supplier networks.

  2. Mphasis and Basware sign global purchase to pay and e-invoicing partnership

    Mphasis and Basware inked a partnership to provide F&A Business Process Services spanning purchase-to-pay and e-invoicing. Mphasis will embed Basware’s platform and its Commerce Network within its own portfolio and provide transaction based e-procurement and invoice automation services to its clients around the world.

    The service features an easy-to-use plug-and-play model with transaction-based pricing, to maximize efficiencies in the F&A function in organizations.

  3. Leveraging AP Automation to Create a Successful Early Pay Program [download]

    Successful AP managers are increasingly turning to early pay programs as the means to drive more value from AP operations. To learn how you can use AP automation to strengthen supplier relationships and generate huge savings, view this webinar from Basware and industry veteran Tom Glassanos. You will also be able to download the presentation materials below the recording.

    Register to view this webinar or download the presentation in PDF