Basware and WEX to provide new B2B invoice payment solution for real-time electronic payments
(Thomson Reuters ONE) -
Basware and WEX to provide new B2B invoice payment solution for real-time
electronic payments
Businesses can benefit from improved financial processes, early payments and
frictionless cash flow
London, UK, 16 March, 2016 - Basware, the global leader in providing networked
purchase-to-pay solutions, e-invoicing and innovative financing services, and
WEX Inc., a leading provider of corporate payment solutions, today announced
that they have entered into an international agreement to deliver a new B2B
invoice payment solution.
The agreement is established to support businesses in further enhancing their
purchase-to-pay (P2P) process and working capital management with a new,
automated invoice payment solution for real-time electronic payments. The
solution provides buyers with easy access to early payment funding, while
suppliers can choose to get paid faster and with greater certainty. The solution
will be provided in cooperation with Basware.
Jim Pratt, SVP and GM for Virtual Payments, WEX Inc. said, "At WEX we
continuously seek new ways to improve the customer experience by providing
innovative, global payment solutions which enhance our customers' profitability
and cash flow positions in local currencies. We are excited to be working with
Basware: our cooperation provides WEX with an opportunity to offer a new, real-
time payment alternative with the benefits of automated reconciliation,
increased cash flow and faster payments."
Esa Tihilä, CEO of Basware said, "We are pleased about our partnership with WEX
which will enable more organizations to benefit from real-time electronic
payments. With eliminating unnecessary manual steps and providing flexible
payment options, businesses can improve their overall financial processes,
reduce late payments and optimise working capital; all challenges we know many
companies are facing today. New and innovative supply chain finance options are
creating new opportunities for business growth and working capital management.
Buyers and suppliers are able to finance payables or receivables in order to
optimise cash position and to achieve flexibility and improved visibility."
More information:
Basware's Financing Services: www.basware.com/financing-services
WEX Commercial Payments and the Basware integration: www.wexeurope.com/basware
About WEX Inc.
WEX Inc. (NYSE: WEX) is a leading provider of corporate payment solutions. From
its roots in fleet card payments beginning in 1983, WEX has expanded the scope
of its business into a multi-channel provider of corporate payment solutions
representing more than 9 million vehicles and offering exceptional payment
security and control across a wide spectrum of business sectors. WEX serves a
global set of customers and partners through its operations around the world,
with offices in the United States, Australia, New Zealand, Brazil, the United
Kingdom, Italy, France, Germany, Norway, and Singapore. WEX and its subsidiaries
employ more than 2,000 associates. The Company has been publicly traded since
2005, and is listed on the New York Stock Exchange under the ticker symbol
"WEX." For more information, visit www.wexinc.com and follow WEX on Twitter at
(at)WEXIncNews.
About Basware
Basware is the global leader in providing networked purchase-to-pay solutions,
e-invoicing and innovative financing services. Basware's commerce and financing
network connects businesses in over 100 countries and territories around the
globe. As the largest open business network in the world, Basware provides scale
and reach for organizations of all sizes, enabling them to grow their business
and unlock value across their operations by simplifying and streamlining
financial processes. Small and large companies around the world achieve
significant cost savings, more flexible payment terms, greater efficiencies and
closer relationships with their suppliers. Find out more at www.basware.com.
Follow Basware on Twitter: (at)Basware, join the discussion on the Basware
LinkedIn, Basware Facebook and Basware Blog and subscribe for the latest news.
News media contact:
WEX Europe
Riina Sulonen
riina.sulonen(at)wexeurope.com
+44 (0)20 8080 9336
Basware
Sirje Ahvenlampi-Hyvönen
sirje.ahvenlampi(at)basware.com
+358 (0)50 557 3822
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Basware via GlobeNewswire
[HUG#1994649]
Unternehmensinformation / Kurzprofil:
Datum: 16.03.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 457792
Anzahl Zeichen: 5288
contact information:
Town:
Espoo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 336 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Basware and WEX to provide new B2B invoice payment solution for real-time electronic payments"
steht unter der journalistisch-redaktionellen Verantwortung von
Basware (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
