Basware recognized as innovator in trade finance and transaction services

November 21, 2016  |  Payment, Publications, Supply Chain Finance

Basware is included in Global Finance’s s fourth annual Innovators 2016 – Transaction Services list, and its first annual Innovators 2016 – Trade Finance list in Global Finance’s The Innovators Special Issue.

Basware is recognized for product innovation on the Transaction Services list and for product and process innovation on the Trade Financing list.

Ad van der Poel, SVP, Basware Financing Services:
“We are honored to receive this recognition for our newest addition to the Basware Financing Services portfolio. We developed the new financing option to meet business needs for greater financial agility, flexibility, and liquidity. By providing fast, easy and transparent invoice payment, companiescan improve cash flow and working capital, and grow their businesses. Small-and medium-sized enterprises (SMEs), in particular, gain visibility over the entire process as well as more instantly available information, so they can make faster decisions. Together with an industry partner, we established Clear Funding—which is currently available in the UK—to enable SMEs to take advantage of this new technology and finance their unpaid invoices in an easy way.”

Joseph Giarraputo, publisher and editorial director of Global Finance:
“Innovations in trade finance are centered on increasing transparency to mitigate risk, in addition to the usual goals of speed and efficiency,” said  “In transaction services, the pace of digital enhancements with direct impact on the final customer, whether business or consumer, is ratcheting up. Much is being gained in speed and efficiency, but applications that improve information flows, thus enabling smarter decision-making, will ultimately deliver the greatest value.”

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