Basware positioned as a Leader in Gartner's 2016 Magic Quadrant for Procure-to-Pay Suites report for second consecutive year
(Thomson Reuters ONE) -
Basware positioned as a Leader in Gartner's 2016 Magic Quadrant for Procure-to-
Pay Suites report for second consecutive year
Evaluation based on Ability to Execute and Completeness of Vision
Espoo, Finland, 27 June, 2016 - Basware, the global leader in providing
networked purchase-to-pay solutions, e-invoicing and innovative financing
services, today announced it has been positioned by Gartner, Inc. in the Leaders
quadrant of its latest Magic Quadrant for Procure-to-Pay Suites* report. This
was the second consecutive year for Basware to be recognized as a Leader in this
report, now published for the second time.
"Basware, which has advocated open business networks, has the world's largest
open e-invoicing network and has excelled in end-to-end purchase-to-pay (P2P)
solutions and services for several years. Customer experience is at the core of
our values and operations and we continue to work closely with our customers to
further develop our services and sustain our market leadership," says Esa
Tihilä, CEO at Basware. "The Basware Network accelerates informational and
financial supply chains and connects buyers with suppliers in ways that change
how cash flow is managed. This is complemented by our networked Financing
Services, enabling organizations to make or take payment as cash flow requires.
Celgene, a global biopharmaceutical company, has implemented Basware's solutions
globally through its two Shared Service Centers, one in the US and the other one
in Switzerland. Celgene launched an Accounts Payable Center of Excellence, went
100% paperless, and cut invoice processing times in half with Basware. "We've
become so lean and efficient and we couldn't have done it without Basware. What
other companies told us would take a year, the Basware team was able to
accomplish in just six months. We plan to continue innovating our processes to
deliver increased visibility, efficiency and value within AP, as well as to our
internal stakeholders in Treasury, Audits, Finance and Procurement, and
externally to our suppliers," says Philip Thomas, Manager, Shared Services,
Global Purchasing Operations and Accounts Payable, Celgene.
Tihilä continues: "We consider our positioning in the Leaders quadrant to be a
strong indicator of Basware's excellence in delivering extensive, networked
purchase-to-pay solutions, enabling our customers across the world to achieve
better financial agility. CFOs and their organisations are recognising the power
these solutions have - creating significant cost savings, improving operational
efficiency, building better relationships with suppliers, enabling more flexible
payment terms and boosting cash flow."
According to Gartner: "P2P suite Leaders demonstrate a market-defining vision of
how technology and services can help procurement establish, develop and maintain
contract compliance and cost-effective processes for managing and controlling
external spend. They have the ability to execute against their vision with
products and services, and they have demonstrated results in the form of growth
and customer satisfaction. Leaders successfully sell into multiple industries
and multiple geographies. Leaders are often what other providers in the market
measure themselves against, and they are the most likely vendors from this
report to be in the P2P suite business five years from now."
Basware acquired Verian in April 2016, which offers complementary, native
solutions in asset and inventory management and travel and expense reporting.
Verian was positioned highest in the Visionaries quadrant for ability to execute
in the Gartner Magic Quadrant for Procure-to-Pay Suites report for the second
consecutive year.
Tihilä says: "Together Verian and Basware will provide customers with the most
comprehensive purchase-to-pay, B2B network and market-leading financing services
available today, through these joint capabilities."
Gartner defines the procure-to-pay suites as delivering four primary
capabilities: E-purchasing, Catalog management, E-invoicing and Accounts Payable
Invoice Automation (APIA). For inclusion in the 2016 Magic Quadrant for Procure-
to-Pay Suites report, Gartner evaluated 12 different software vendors and placed
Basware in the Leaders quadrant.
More information:
*Gartner Magic Quadrant for Procure-to-Pay Suites by Deborah R Wilson, Paolo
Malinverno, Magnus Bergfors and Desere Edwards, 13 June, 2016.
Download the report: www.basware.com/knowledge-center/procure-to-pay-gartner-
magic-quadrant
Find out more about Basware Purchase-to-Pay: www.basware.com/solutions/purchase-
to-pay
Read about Basware's acquisition of Verian: www.basware.com/about-
us/news/basware-acquires-verian-a-leading-cloud-based-purchase-to-pay-solution-
provider-in-the-us
Disclaimer:
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 organization 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
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#2023119]
Unternehmensinformation / Kurzprofil:
Datum: 27.06.2016 - 08:30 Uhr
Sprache: Deutsch
News-ID 480014
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contact information:
Town:
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Kategorie:
Business News
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