Basware and WEX provide new B2B real-time e-invoice payment solution

Basware and WEX Inc (a provider of corporate payment solutions) announced an international agreement to deliver a new B2B invoice payment solution.

The solution provides buyers with easy access to early payment funding, while suppliers can choose to get paid faster and with greater certainty. Businesses can benefit from improved financial processes, early payments and frictionless cash flow.

Jim Pratt, SVP and GM for Virtual Payments, WEX Inc:
“At WEX we continuously seek new ways to improve the customer experience by providing innovative, global payment solutions which enhance our customers’ profitability and cash flow positions in local currencies. We are excited to be working with Basware: our cooperation provides WEX with an opportunity to offer a new, real-time payment alternative with the benefits of automated reconciliation, increased cash flow and faster payments.”

Esa Tihilä, CEO of Basware:
“We are pleased about our partnership with WEX which will enable more organizations to benefit from real-time electronic payments. With eliminating unnecessary manual steps and providing flexible payment options, businesses can improve their overall financial processes, reduce late payments and optimise working capital; all challenges we know many companies are facing today. New and innovative supply chain finance options are creating new opportunities for business growth and working capital management. Buyers and suppliers are able to finance payables or receivables in order to optimise cash position and to achieve flexibility and improved visibility.”

More information:
Basware’s Financing Services: www.basware.com/financing-services