Basware Positioned as a Leader in eProcurement by Independent Research Firm

Report cites Basware’s leading procure-to-pay solution and open network strategy

Basware, the leading provider of purchase-to-pay solutions, has been confirmed as a leader in eProcurement Solutions by Forrester Research Inc. in the March 2011 report The Forrester Wave™: eProcurement Solutions, Q1 2011. “Basware scored particularly well for its broad category support and supplier enablement and integration capability” the report stated. To download a complimentary copy of the 2011 report, please visit www.basware.com/forrester-eprocurement.

Forrester evaluated the 11 vendors with enterprise-class procurement solutions through a combination of vendor surveys, product demos, strategy briefings and customer reference calls for the report which provides a detailed review of the procurement market. The vendors were then ranked against 70 criteria, including current offering, strategy and market presence.

Forrester evaluated Basware as providing a “leading P2P solution” and listed Basware’s main strength as “its focus on the complete process” and “invoice automation even for non-PO purchases,” as well as liking Basware’s open network strategy because it “enables customers to connect more quickly with their supplier base. Instead of trying to persuade vendors to use yet another self-service portal, Basware will let them simply add the new customer to their existing eCommerce solutions.” Further, Forrester gave Basware the highest score in the globalization category which evaluated how suitable the solution is for use in non-English and non-US environments.

According to a separate commissioned study conducted by Forrester Consulting on behalf of Basware, combining e-invoicing with eProcurement doubles firms’ likelihood of achieving AP invoice processing excellence. Basware’s end-to-end approach of combining e-invoicing and eProcurement has helped international customers such as ACCO Brands, Crown Worldwide, SITA and Gannett to achieve increased efficiencies, reduced costs and improved cash management control over their entire purchase-to-pay process.

John Webster, VP Global Product Marketing, Basware said, “In this volatile economic climate, businesses are looking for ways to improve the stability and performance of their operations: streamlining their procurement processes and ensuring they have the capabilities and opportunity to take advantage of a truly global network of suppliers are essential business strategies. Organizations need to connect with their suppliers more quickly and easily in an effort to make supply chains more efficient. We believe our leader position in the Forrester eProcurement Wave supports the efforts we have made to develop an integrated purchase-to-pay offering that enables best practices and ensures rapid return on investment, helping our customers reduce costs, improve cash management and collaborate more closely with their suppliers.”

Basware’s purchase-to-pay solutions include Invoice Automation, Procurement and Connectivity services for buyer-supplier collaboration.

To download a free copy of the Forrester report and to register for a complimentary webinar on the research findings, please visit www.basware.com/forrester-eprocurement.

About Basware
Basware is the global leader in purchase-to-pay solutions with more than 1,500 customers and 1,000,000 users in over 50 countries around the world. With Basware, organizations can reduce the cost of buying and paying for goods and services and gain visibility and control of their entire spending process by automating manual processes, from sourcing, contract management, purchasing and supplier collaboration to invoice automation. Basware solutions and services enable substantial cost reductions across businesses and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented, either on site or as a service, in Europe, the US, and Asia-Pacific through an extensive network of Basware offices and business partners. www.basware.com