Basware’s Ad van der Poel named ‘Pro to Know’ for Supply Chain Financing Innovations

Ad van der Poel, senior vice president of its Financing Services division, has been named a 2016 Provider Pro to Know recipient by Supply & Demand Chain Executive magazine. Van der Poel was recognized for helping to establish a new financing paradigm for buyers and suppliers that is significantly changing the world of B2B payments—freeing up money trapped in the supply chain, improving cash flow and enabling better management of working capital.

Ad van der Poel

Ad Van der Poel joined Basware in 2014 with 20 years of experience in payments and cash management. He is responsible for bringing new and innovative financial services to the market for buyers and suppliers, as well as growing the Basware Commerce Network. Most recently he worked at Bank of America Merrill Lynch where he was head of Product Management EMEA, Global Treasury Services. Prior to that, he led the product management for e-Business, Payments & Cash Management at ING Commercial Banking. He was also one of the founders of iDEAL, the Internet payment method in the Netherlands.

“It’s an honor to be chosen as a Pro to Know by Supply & Demand Chain Executive,” said van der Poel. “Along with everyone at Basware, I remain committed to helping companies unlock barriers to global commerce by improving cash flow and working capital, strengthening relationships with suppliers and creating new opportunities for strategic payments and financing.” 

Basware Financing Services

Van der Poel helped to establish Basware Financing Services, a new portfolio of innovative financing services that allows companies to manage how and when they pay and get paid. With Basware Financing Services, companies can unlock trapped cash flow, and optimize their cash positions and working capital as they transact across the Basware Commerce Network – the largest open business commerce network in the world with more than one million buyer and supplier companies.

The Basware Financing Services portfolio provides multiple payment options that are beneficial for companies of all types – e.g. buyers, sellers, companies that are cash rich, cash poor or somewhere in between. These payment options include: a global e-Payment solution (Basware Pay), dynamic discounting (Basware Discount) and an e-invoicing based, supplier-driven, invoice financing service (Basware Advance).

The 16th annual listing of Pros to Know recognizes supply chain executives, and manufacturing and non-manufacturing enterprises that are leading initiatives to help prepare their companies’ supply chains for the significant challenges of today’s business climate.