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“We are delighted to see Basware recognised as a leader in this report. At Basware we help our customers to simplify their operations and spend smarter. Invoice automation continues to play a key role in Purchase-to-Pay (P2P) to capture 100% of spend, increase efficiency and pave the way towards simplified, paperless, and cost-efficient ways to do business. As we have recently strengthened our market-leading P2P suite and supplier network with a strategic sourcing offering, we are now able to provide our customers with a full one-stop shop for the entire Source-to-Pay (S2P).”
Ilari Nurmi, SVP, Purchase to Pay at Basware
Digital transformation is no longer an option, it’s the imperative. It is rather a question how to unleash the power of digitalization while maintaining a healthy business.
Billentis Report 2017
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Procurement & Finance Executives Anticipate Negative Effects from Geopolitical Issues, Many Prepping for Challenges

ESPOO, Finland — June 5, 2019 — A new report, What’s Now and Next for Finance and Procurement? by The Economist Intelligence Unit and sponsored by Basware, has been released today. Conducted in February and March 2019, the report is based on the survey responses of more than 400 procurement and finance professionals in the U.S., UK, Germany and France. The report examines which emerging dimensions of three broad trends – shifting trade dynamics, automation and digitization – finance and procurement executives expect will affect their companies most; what their impact will be; and how they

Basware Named a Leader in Accounts Payable Software in IDC MarketScape Report

Integration to More Than 250 ERP Systems Noted as a Primary StrengthESPOO, Finland – 30 January 2019 – Basware (Nasdaq: BAS1V) , the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, today announced that it has been named a Leader in the January 2019 IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Payable Applications 2018–2019 Vendor Assessment (doc #US44753119). Basware was one of three companies named to the Leaders Category. Basware was evaluated

Basware Continues to be a Leader in Source-to-Pay Innovation with the Introduction of New Machine Learning and Artificial Intelligence based Capabilities

ESPOO, Finland -- November 8, 2018 – Basware  (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services has introduced new machine learning and artificial intelligence capabilities across its suite of Source-to-Pay solutions. “Basware algorithm-based machine learning services are available to help add value at every point in the purchase-to-pay process by freeing up employee time, eliminating errors, and speeding things up,” said Sami Peltonen, VP Products and Business Management of North America for

Basware Introduces SmartSearch within Electronic Procurement Solution

- New Catalog Search Engine combines unique product master data model with modern user interfaceESPOO, Finland, September 20, 2018 – Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, introduced enhancements to the catalog search functionality within its electronic procurement solution that enables users to find the right products quickly and easily. SmartSearch™ is powered by industry leading cloud-based search technology which accelerates response times and makes the solution more scalable. Usability has been

Basware Introduces SmartSearch within Electronic Procurement Solution

- New Catalog Search Engine combines unique product master data model with modern user interfaceESPOO, Finland, September 20, 2018 – Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, introduced enhancements to the catalog search functionality within its electronic procurement solution that enables users to find the right products quickly and easily. SmartSearch™ is powered by industry leading cloud-based search technology which accelerates response times and makes the solution more scalable. Usability has been

Basware Launches Artificial Intelligence-Driven Virtual Assistant for Procurement

Through natural language processing and artificial intelligence, purchasing becomes faster, intuitive, and enjoyableEspoo, Finland, 21 May 2018 – Basware, the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has launched Basware Assistant, a new chatbot feature within its electronic procurement solution today at IOFM’s AP & P2P Conference & Expo – Spring 2018 . The chatbot serves as a virtual assistant, enabling people to more easily find order requests and purchase orders that they have access to.

Basware’s Enhanced Supplier Spend Dashboard Supports Strategic Procurement with Actionable Data

ESPOO, Finland, March 15, 2018, Basware, the leading provider of Source-to-Pay (S2P) solutions, has released enhancements to its Supplier Spend Dashboard, empowering customers with more actionable data to reduce costs and increase value through advanced analytics. Basware’s analytics for supplier spend deliver comprehensive spend visibility to help procurement professionals make better, faster and more confident buying decisions, and provides historical data and buying trends to support strategic supplier negotiations. The solution collects and analyzes procurement data to provide

Basware Simplifies Collaboration with Mobile Discussions

ESPOO, Finland, 7 February, 2018, Basware , the global leader in networked source-to-pay solutions, e-invoicing, and innovative financing services, today announced the availability of mobile discussions, a capability that allows people working in procurement and accounts payable to collaborate more efficiently on-the-go. With mobile discussions, users can initiate discussions related to specific purchase requisitions, orders or invoices by using a mobile message sending and receiving functionality. The goal is to enhance productivity of individuals by

Basware Launches Supplier Quality Analytics Dashboard to Drive Supply Chain Excellence

ESPOO, Finland, December 4, 2017 - Basware , the leading provider of Source-to-Pay (S2P) solutions, has released Supplier Quality Analytics, a dashboard that transforms supplier transaction records into business intelligence to improve everyday decision making, operational performance and the bottom line. The Supplier Quality dashboard brings Basware customers more value from S2P by turning the data captured during procurement transactions into insights on how suppliers are performing against targets. These actionable insights help organizations develop better

Peer Benchmarking Powers Basware’s Cloud-based Source-to-Pay Customers

Customers leverage analytics with peer data to improve their operations and spend managementESPOO, Finland, September 28, 2017, Basware , the leading provider of e-invoicing and Source-to-Pay (S2P) solutions, today announced the availability of peer benchmarking capabilities in its analytics solution for cloud-based Source-to-Pay customers. "The future is all about data – how companies capture it and how they use it. Basware’s out-of-the-box analytics with the new benchmarking capabilities enables users to track their performance against their peers and

Predictive Analytics Powers Basware’s Ability To Forecast Late Payments

Customers Capitalize On New Capability to Improve Cash FlowESPOO, Finland, July 11, 2017 - Basware , the leading provider of e-invoicing and Source-to-Pay (S2P) solutions, today announced the availability of predictive analytics capabilities in its cloud-based Source-to-Pay solution. The release incorporates an intelligent algorithm to show which invoices are at risk of being paid late. This helps organizations prevent late payments, capture early payment discounts and optimize cashflow. “The future is all about data – how companies capture it and how they use it.

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