Old paper-based approaches and a failure to integrate the financial supply chain are holding back the finance function from becoming a strategic partner in achieving an organisation’s goals.
Guildford, United Kingdom (PRWEB UK) 3 April 2013
Basware, the leading provider of e-invoicing and purchase-to-pay solutions, has been named as one of Europe’s most innovative and disruptive financial technology companies. The FinTech 50, compiled by a panel of industry and venture capital experts, contains companies representing a number of emerging technologies, such as mobile payment devices and currency exchanges.
Despite having been established for nearly 30 years, Basware continues to be seen as a disruptive and game-changing technology company. With recent acquisitions and introduction of its B2B Cloud solutions, Basware is changing how enterprises and SMBs view the strategic value of the finance function.
Basware continues to enhance the way that businesses operate their purchase-to-pay and order-to-cash processes, offering the industry’s largest open commerce ecosystem for buyer and supplier collaboration.
“In a volatile, international business environment, B2B commerce is growing ever more complex. Old paper-based approaches and a failure to integrate the financial supply chain are holding back the finance function from becoming a strategic partner in achieving an organisation’s goals,” commented Steve Muddiman, Senior Vice President of Global Marketing at Basware. “Recognition of our focus on innovation and our goal to transform how businesses view the finance function is very rewarding.”
Basware is the global leader in cloud based e-invoicing and purchase-to-pay solutions with more than 1,000,000 users in over 60 countries. Basware’s B2B Cloud solutions and services provide an open, secure and global ecosystem for buyer and supplier collaboration, connecting more than 1.9 million buyers and suppliers globally. The solutions are architected to meet the needs of SMEs and global enterprises and are built upon Basware’s deep knowledge and experience of B2B financial processes, coupled with intelligent cloud connectivity and the Open Network. With Basware, organisations benefit from more efficient procurement, accounts payable and accounts receivable processes, sustainable cost savings, better insight to cash flows and improved buyer-supplier relationships. The solutions are available via the cloud, on-premise or through business process outsourcing in Europe, the US, and Asia-Pacific through an extensive network of Basware offices and business partners.