Basware listed as a Representative Provider in Gartner's Technology Insight for Procurement Networks report
(Thomson Reuters ONE) -
Basware listed as a Representative Provider in Gartner's Technology Insight for
Procurement Networks report
Procurement networks can add value to procurement applications by increasing
automation and improving supplier collaboration, according to Gartner
Espoo, Finland, 18 April, 2016 - Basware, the global leader in providing
networked purchase-to-pay solutions, e-invoicing and innovative financing
services, has been listed by Gartner, Inc. in its Technology Insight for
Procurement Networks* report.
According to Gartner: "By electronically connecting buyers and sellers,
procurement networks can increase the level of automation and efficiency of the
procurement processes, including automatic matching of purchase orders and
invoices, and prequalification of suppliers through the use of public supplier
profiles."
The recommendations of the report, which analyses how IT and procurement leaders
should evaluate network capabilities as part of the application selection
process or as extensions to existing investments, are:
* Analyze your work streams and investigate what type of support is being
offered by various vendors in relation to your key spend categories.
* Don't focus on network size. Instead, focus on the services and technology
support that the network provider offers to ensure smooth supplier
onboarding and interaction in the geographies that are important to you.
* Don't underestimate the complexity of e-invoicing on a multinational scale.
According to Gartner: "Most buying organizations tend to focus on selecting and
evaluating applications rather than networks. However, the network capabilities
can be a crucial factor in achieving the automation that the application is set
to support."
"Basware has excelled in end-to-end purchase-to-pay automation for several
years. We serve today a global network of organization of all sizes that are
automating accounts payable processes, controlling their spend with e-
procurement and rolling out e-invoicing to speed up payments, cut costs and
boost cash flow. Basware's largest open commerce and financing network helps
companies achieve efficiency and cost benefits through the automation of key
business and finance functions. This is complemented by Basware's networked
Financing Services, enabling organizations to make or take payment as cash flow
requires. The scale of our network with buyers and sellers across the world
provides the most flexible platform to get connected and improve relationships
with suppliers," says Esa Tihilä, CEO, Basware.
According to Gartner: "Organizations that are considering investment in, or
replacement of, procurement and sourcing technology should take supplier
collaboration capabilities into consideration."
Gartner used the following 8 evaluation factors in its report: Supplier
connectivity options, onboarding support, ongoing supplier support, fee
structures, compliance, process support, supplier opinions and growth, and
viability of the network provider. For inclusion in the March 30, 2016
Technology Insight for Procurement Networks report evaluated 7 different service
providers.
More information:
*Gartner "Technology Insight for Procurement Networks" by Magnus
Bergfors, 30 March 2016.
Download the report: www.basware.com/gartner-procurement-networks
Join the Network: www.basware.com/global-business-network-basware
About Technology Insight for Procurement Networks report:
Gartner does not endorse any vendor, product or service depicted in its research
publications, and does not advise technology users to select only those vendors
with the highest ratings or other designation. Gartner research publications
consist of the opinions of Gartner's research organisation and should not be
construed as statements of fact. Gartner disclaims all warranties, expressed or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
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.
Contacts:
Sirje Ahvenlampi-Hyvönen
Communications Director, Basware
sirje.ahvenlampi(at)basware.com, tel. +358 50 557 3822
This announcement is distributed by GlobeNewswire on behalf of
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(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#2004236]
Unternehmensinformation / Kurzprofil:
Datum: 18.04.2016 - 11:00 Uhr
Sprache: Deutsch
News-ID 464497
Anzahl Zeichen: 6032
contact information:
Town:
Espoo
Kategorie:
Business News
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