Spend Matters Sponsor
Basware
Spend Matters Analysis: Having grown successfully on a global basis both organically and through targeted acquisitions focused on key solution extensions, Basware has succeeded in becoming perhaps the most dominant player in the invoice automation market and one of the global leaders in the broader Spend Management arena. As one of the few providers capable of engaging both finance and procurement executives in discussion and dialogue, Basware is working to bridge the gap between functions inside their user base, uniting both groups in the spirit of cost reduction, working capital management improvements and overall visibility into spending and payment liabilities. One of Basware's unique and valuable contributions to helping companies make the most of their working capital in today's credit-challenged environment are integrated KPIs and performance management metrics designed to help companies create and manage to the right set of targets throughout their P2P process. Growing out of a strong Nordic and pan-European user base, Basware has recently begun to set its expansion sites on other geographies, ramping up operations in North America and elsewhere. As this expansion increases, Spend Matters believes that Basware's overall reputation and name recognition will continue to increase with global finance and procurement organizations.
Sponsor Description: Basware is the global leader in purchase to pay solutions with more than 1,500 customers and 850,000 users in over 50 countries around the world. Basware solutions automate business-critical financial processes and deliver value by providing compliance and control, as well as fast return on investment. We see that the key to excellence lies in applications that are intuitive and easy to use. Our solutions' built-in best practices, process automation and powerful exception management increase efficiency and reduce costs. It is our perspective that solutions should be flexible and require minimal customization. Basware solutions complement and integrate seamlessly with existing Enterprise Resource Planning (ERP) systems, adding functionality and scalability. Leading organizations have discovered that flexibility to meet changing business requirements can be best achieved by using a mix of best-of-breed technologies integrated with an ERP architecture. The solutions are distributed and implemented in Europe, the US, and Asia-Pacific through an extensive network of Basware offices and business partners. In 2008, net sales reached EUR 86 million. Founded in 1985, Basware Corporation is a public company listed on the NASDAQ OMX Helsinki Ltd. Headquartered in Finland, it has seven subsidiaries in Europe and one in the US. For more information, visit http://www.basware.com.
Spend Matters Analysis:
- http://www.spendmatters.com/index.cfm/2009/5/11/Spend-Matters-Welcomes-Basware-as-a-Lead-Sponsor
- http://www.spendmatters.com/index.cfm/2009/3/26/Basware-Forecasting-Growth-in-the-Downturn-Part-3
- http://www.spendmatters.com/index.cfm/2009/3/24/Basware-Forecasting-Growth-in-the-Downturn-Part-2
- http://www.spendmatters.com/index.cfm/2009/1/27/BasWare-Forecasting-Growth-in-the-Downturn-Part-1
- http://www.spendmatters.com/index.cfm/2008/6/6/BasWare-Expands-its-Portfolio--What-Does-it-Mean
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