Basware,
the leading provider of e-invoicing and purchase-to-pay solutions, today
announced that it has been ranked among the World's Best Treasury &
Cash Management Providers by Global Finance magazine
in its annual ranking. Basware was selected as the Best Accounts Payable
Solution and Best E-Invoicing Solution by the Global Finance
editorial team, with input from industry analysts, corporate executives
and technology experts. This marks a total of seven exclusive treasury
management awards that Basware has received from Global Finance over
the past several years.
Basware received this recognition for its innovative leadership in
providing a full portfolio of SaaS and on-premise-based purchase-to-pay
and e-invoicing solutions for B2B commerce. It empowers companies to
unlock value across their financial operations, and provides the
visibility and control to enable companies to effectively manage cash
flow, working capital and spend.
“We are honored to once again be included among the World's Best
Treasury and Cash Management Providers in Global Finance’s annual
ranking,” said Robert Cohen, vice president, North America for Basware.
“We are continuing to innovate solutions that help companies unlock the
value in their financial operations, and achieve financial visibility
and control over working capital management and spend. Basware is also
committed to the growth of global B2B commerce by providing completely
new ways companies can buy and sell – enabling them to achieve
significant cost savings, boost their cash flow and improve relations
with their trading partners.”
Basware’s flagship solution within the Accounts Payable suite, Basware
Invoice Automation, enables companies to automate the invoicing
process, greatly reducing the time it takes to process an invoice,
typically from many weeks to a matter of days. In addition to offering
extensive e-invoicing services, Basware operates The
Basware Commerce Network, the largest open B2B network in the world.
Basware also recently announced a partnership with MasterCard, launching
a ground-breaking solution, Basware Pay, that ensures suppliers are paid
fast upon invoice approval, while extending payment terms for buyers.
Global Finance used a multi-tiered assessment process—which
included a readers’ poll, input from industry analysts, corporate
executives, and technology experts and independent research—to select
the best providers of treasury and cash management services. A variety
of subjective and objective criteria were considered, including:
profitability, market share and reach, customer service, competitive
pricing, product innovation and the extent to which treasury and cash
management providers have successfully differentiated themselves from
their competitors around core service provision.
“The winners in our annual Treasury & Cash Management awards are those
that offer sophisticated domestic, regional and/or global solutions with
a best-of-breed technology backbone and a client-centric front end,”
said Joseph D. Giarraputo, publisher and editorial director of Global
Finance.”
The ranking is published in the March 2015 issue of the magazine. More
information can be found at http://www.gfmag.com/media/press-releasess/tcm-worlds-best-treasury-cash-management-providers-2015.
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and
readers in 180 countries. Its circulation is audited by BPA. Global
Finance’s audience includes chairmen, presidents, CEOs, CFOs,
treasurers and other senior financial officers responsible for making
investment and strategic decisions at multinational companies and
financial institutions. Global Finance also targets the 8,000
international portfolio investors responsible for more than 80% of all
global assets under professional management. Its website — GFmag.com —
offers analysis and articles that are the heritage of 28 years of
experience in international financial markets, and provides a valuable
source of data on 192 countries. Global Finance is headquartered
in New York, with offices in London and Milan.
About Basware
Basware is the global leader in providing purchase-to-pay and
e-invoicing solutions in the world of commerce. We empower companies to
unlock value across their financial operations by simplifying and
streamlining key financial processes. Our Basware Commerce Network, the
largest open business network in the world, connects 1 million companies
across 100 countries and enables easy collaboration between buyers and
suppliers of all sizes. Through this network, leading companies around
the world achieve new levels of spend control, efficiency and closer
relations with their suppliers. With Basware, businesses can introduce
completely new ways of buying and selling to achieve significant cost
savings and boost their cash flow. The company’s U.S. business, Basware,
Inc., is headquartered in Stamford, Conn.
Find out how Basware helps money move more easily and lets commerce flow
at www.basware.com
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Copyright Business Wire 2015