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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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Basware First e-Invoicing Network to use Trans-Tasman PEPPOL specification and protocol live in Australia

Espoo, Finland – September 10, 2019 – Basware (Nasdaq: BAS1V) , a global leader in networked procure-to-pay solutions, e-invoicing and innovative financing services, is the first international e-invoicing network to complete a live transaction in Australian territory using Trans-Tasman PEPPOL specification and protocol. PEPPOL (Pan-European Public Procurement On-Line) is the internationally recognized framework for e-invoicing. With over 1.2 billion invoices sent annually in Australia alone, the Australian and New Zealand governments began to take

Basware e-Invoice Sending and Receiving is Integrated with Oracle Cloud and Now Available in the Oracle Cloud Marketplace

Espoo, Finland – August 7, 2019 –Basware , a global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, and Gold level member of Oracle PartnerNetwork (OPN), today announced that its e-Invoice Sending and Receiving solutions have achieved Integrated with Oracle Cloud status and is now available in the Oracle Cloud Marketplace  offering added value to Oracle Financials Cloud customers. The Basware Network  enables

Singapore Mandates Nationwide e-Invoicing

Basware’s customers are fully compliant to local regulations when sending and receiving invoicesEspoo, Finland, July 10, 2019 – Singaporean Infocomm Media Development Authority (IMDA) has implemented the nationwide E-Invoicing framework with the Singaporean industry since the beginning of this year. Basware , the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has been engaged with the Singapore IMDA since early 2018 and is a leading provider in PEPPOL adoption across the region. The company has been approved by

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 Appoints Blair Tolbard General Manager for North America

Fort Mill, SC — June 3, 2019 -- Basware (BAS1V) , the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, is pleased to welcome Blair Tolbard as its General Manager and Vice President of Sales for North America, effective June 3, 2019. Tolbard, a veteran of the enterprise software industry, recently served as Group Vice President of Sales for JAGGAER. “Our team in North America is brimming with tremendous talent; Blair, with his results-driven nature and track record of building and nurturing highly effective

Basware Leads the Way in the Automotive Segment Globally

Hosts Automotive Forum in Germany Espoo, Finland, April 8, 2019– Basware  (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, hosted in March the first-ever Basware Automotive Forum in Munich, Germany. Attended by global automotive industry leaders, the forum was designed to find new winning concepts for Basware customers to develop their e-invoicing processes for increased efficiency, productivity and accuracy. Basware is the leading global e-invoicing service provider for the automotive

Basware Report Demonstrates E-invoicing Can Cut Carbon Emissions More Than 30%

ESPOO, Finland – February 21, 2019 – Basware  (Nasdaq: BAS1V ), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has published a detailed review of the climate impact of Basware e-invoicing services. According to the report, the transformation from paper invoicing to e-invoicing can cut down carbon emissions by more than a third. Most of the emissions savings, compared to paper-based systems, comes from improved efficiency in

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 Kicks Off 2019 with Most Extensive Open Business Network

Espoo, Finland – Jan 24, 2019 – Basware  (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, is starting 2019 with an unmatched number of connected organizations on the Basware Network. The 2018 Gartner Magic Quadrant for Procure-to-Pay Suites  ranked Basware as a Leader, praising it for its extensive e-invoicing network and naming it a “pioneer” in the open B2B network approach. “Our position as a Leader in the Gartner Magic Quadrant is

Basware Accounts Payable Automation, Procurement and e-Invoicing Solutions Are Now Available on Microsoft AppSource

ESPOO, Finland – January 3, 2019 – Basware  (Nasdaq: BAS1V ), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, announced today that its Accounts Payable Automation, Procurement and e-Invoice Sending and Receiving solutions are now available via the Microsoft AppSource , online application marketplace that enables Microsoft users globally to find and access specialized line-of-business software. "As a global leader in networked source-to-

Basware Announces Enablement Services to Help Supplier Onboarding

Espoo, Finland, 4 December 2018 - Basware , the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has introduced new enablement services for supplier onboarding. With the help of Basware enablement services, customers can efficiently run supplier onboarding campaigns, ensure success with digital transformation and improve their supplier relationships. “Enablement services help our customers to get suppliers onboard faster. For our customers, this means reduced manual work, improved invoice matching and their

Basware signs a reseller agreement with Aeonvis to increase presence in Italy

Espoo, Finland, 26 November 2018 — Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, and Aeonvis, an Italian consulting and system integration company that implements and manages customers change programs, have signed a partnership agreement where Aeonvis will have the opportunity to offer Basware P2P and e-Invoicing solutions in Italy. The partnership with Aeonvis directly supports Basware's strategy to extend its coverage to southern Europe. Aeonvis’ capability to help local and international companies to

Basware Extends 100% Spend Visibility into the Future with Committed Spend Analytics

ESPOO, Finland, October 23, 2018, Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, introduced committed spend analytics, the latest innovation in Basware Analytics providing complete visibility into all open spend, regardless of its source. Committed spend analytics include 100% of spend, both direct and indirect, based on purchase orders, payment plans and non-PO invoices providing both retrospective and future views into spend. "The rapid pace of digitalization and globalization is bringing ever increasing

Basware Accelerates e-Invoice Sending Globally for B2B, B2G and B2C

Espoo, Finland, 19 October 2018 – Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, offers a global e-Invoice sending service to enable organisations to send 100% invoices electronically to all their customers – businesses, public sector clients and consumers. “Basware has long been the global leader in networked e-invoicing solutions supporting more than 70 invoice data formats and providing multiple delivery channels via single access point to business, government and consumer invoicing,” says Mikko Pilkama,

Outsourcing of Basware Scan & Capture Production Operations to Xerox closed

Espoo, Finland, 16 October 2018 – Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has closed and transitioned its global managed service deal with Xerox. “With this partnership, we have simplified our operations and increased focus in line with our strategy. Now we are in a better position to accelerate our cloud growth, build a scalable global business and strong partner ecosystem around Basware,” said Vesa Tykkyläinen, Chief Executive Officer at Basware. “This partnership is a natural and strategic match.

Basware Named to Winners Circle for 2018 ‘Best Places to Work’ Award

Espoo, Finland, 16 October 2018 – Basware (Nasdaq: BAS1V), the global leader in providing networked source-to-pay solutions, e-invoicing and innovative financing services, announced that the Charlotte Business Journal has again named Basware to the Winners Circle of its prestigious 2018 Best Places to Work awards competition. The annual awards program recognizes companies that have benefits, policies and practices in place that are among the Charlotte area's best, based on employee surveys. This is the fifth year Basware has been honored with the recognition.  “Congratulations to

Basware signs partnership agreement with Fitek Slovakia to increase presence in Central Eastern Europe

Espoo, Finland, 8 October 2018 — Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, and Fitek Slovakia, a market trendsetter in financial automation processes in Central Europe, have entered into a partnership where Fitek Slovakia will have the opportunity to offer Basware’s accounts payable automation solution to Slovakia and surrounding countries. “We are excited to expand our partner base in Central Eastern Europe. Basware technology combined with Fitek deep market knowledge is a winning formula for

Basware Wins New P2P Client in Australia

Espoo, Finland, 1 October 2018 – Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has signed a Purchase-to-Pay (P2P) deal with a premier entertainment company in Australia, to use Basware P2P cloud solutions for invoice automation, the scanning and capturing of information, and e-invoicing.  Basware’s new customer is owned and run by one of Sydney’s most famous families and was established more than 60 years ago. Today this customer has a portfolio of over 70 brands and venues and is reportedly worth more than

Basware and Department for Work and Pensions Shortlisted for CIPS Supply Management Awards Europe: ‘Most Innovative Use of Technology’

London, United Kingdom – 27 September 2018: Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, is celebrating after being shortlisted for a 2018 CIPS Supply Management Award. Basware’s expertise has been recognised for its work with the Department of Work and Pensions (DWP) in developing a nationally-scalable and innovative Dynamic Purchasing System (DPS) to support a light-touch procurement regime that helps unemployed people get back to work faster. Since the DPS went live in October 2016, over 1300

Basware partners with NORIAN in Northern Europe

Espoo, Finland, 20 June 2018 — Basware , the global leader in networked source-to-pay solutions, e-invoicing, and innovative financing services, and NORIAN, a global provider of financial accounting and HR outsourcing services, have entered into a partnership where NORIAN will offer Basware’s accounts payable automation solution to its customer base. The cooperation covers the North European market for invoice processing, accounts payable automation, and invoice scanning solutions.  With cloud-based accounts payable automation offering by Basware, NORIAN can offer

Basware Introduces Smart PDF: The Machine-Readable PDF Invoice that is Minimizing the Need for OCR Technology

Espoo, Finland, 29 May 2018 — Basware , the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, is introducing a new, smarter way to capture data from PDF invoices automatically with near perfect accuracy. Basware’s Smart PDF invoice capturing service easily extracts data from any machine-readable PDF, creating a touchless invoice automation process. “With Smart PDF, we are taking the next step in helping our customers realize maximum efficiency and achieve touchless invoice processing. Suppliers simply email PDF

Voith Moves to Basware Invoice Receiving Service

Espoo, Finland, 17 May 2018 – Basware, the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has signed a new deal with Voith Global Business Services EMEA GmbH. Voith  is a new customer to Basware. “Voith was originally looking for an OCR-based solution to digitalize their paper-based vendor invoices. But our versatile approach to start with scanning/OCR and then activate suppliers to move to electronic invoicing convinced them that Basware’s way of doing things offers better business case and is more

Agilent Technologies chooses Basware as their global e-invoice service provider

Espoo, Finland, 28 March 2018 - Basware , the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has signed an agreement with Agilent Technologies Inc for Basware’s e-invoice service solution. The deal covers initially 16 countries with a potential to expand to more than 60 countries globally. With Basware e-invoicing, Agilent can start sending 100% e-invoices from day 1. An automated solution gives better oversight, with added visibility and control over account receivables. Most importantly, it speeds the process

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