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Customers and Analysts Name Basware a Procure-to-Pay, Invoice-to-Pay and eProcurement Leader

April 2, 2019

ESPOO, Finland--(BUSINESS WIRE)--Apr 2, 2019--Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, announced today that it has been named a Value Leader for all five buying personas in Spend Matters’ Q1 2019 Procure-to-Pay, Invoice-to-Pay and eProcurement SolutionMaps TM. Value Leaders are providers with above average analyst and customer scores.

“We are thrilled to be ranked as Value Leader in Spend Matters’ SolutionMap for every eProcurement persona. In fact, we are one of the two vendors named as Value Leaders across every persona spanning eProcurement, I2P and P2P,” said Eric Wilson, Senior Vice President, North America, Basware. “For more than 30 years Basware has set the pace in our industry and we plan to bring the latest technologies and processes to the global markets for years to come.”

The SolutionMap is comprised of equal parts customer and analyst input and assesses vendors based upon how they fulfill the needs of five different buying personas: Nimble (prioritizing speed to value and low pricing); Deep (requiring the most comprehensive, tailorable solution for the job and best-in-class functionality, breadth, depth and ability to support sophistication); Configurator (an emphasis on flexibility, modularity and internal/external integration to support an organization’s evolving needs); Turn-Key (emphasizing a combination of software capability and supporting services to contractually deliver results and a defensible ROI); and CIO-Friendly (valuing IT support and a CIO endorsement).

“Basware scores above the benchmark average for each SolutionMap buying persona -- and in nearly every case is measurably above both the analyst/functional and customer ratings benchmark average individually,” said Jason Busch, Managing Director, SolutionMap and co-founder of Spend Matters. “Basware is one of only a few providers with such consistent strong performance for P2P, I2P and e-procurement -- a distinction that finance and procurement organizations should consider as they consider both targeted and suite-based solutions for their needs.”

About Basware:

Basware offers the largest open business network in the world and is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Our technology empowers organizations with 100% spend visibility by enabling the capture of all financial data across procurement, finance, accounts payable and accounts receivable functions. Basware is a global company doing business in more than 100 countries and is traded on the Helsinki exchange (BAS1V: HE).

More information about Basware is available at www.basware.com.

About Spend Matters:

Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner. Spend Matters is owned and managed by Azul Partners, Inc.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190402005080/en/

CONTACT: Media contact:

Jeanne Bernish, Director of Communications, Basware NA

media@basware.com

980-318-5417

Press contact:

Sam Rea, Marketing Engagement Manager, Azul Partners, Inc

srea@spendmatters.com

630.991.8060

KEYWORD: UNITED STATES EUROPE NORTH AMERICA FINLAND NORTH CAROLINA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SUPPLY CHAIN MANAGEMENT SOFTWARE PROFESSIONAL SERVICES BANKING RETAIL

SOURCE: Basware

Copyright Business Wire 2019.

PUB: 04/02/2019 09:00 AM/DISC: 04/02/2019 09:01 AM

http://www.businesswire.com/news/home/20190402005080/en