That Basware is considered the standard for automated invoice processing should not be news. But in recent years, Basware has invested heavily in the development of a procurement solution for businesses that focuses primarily on ordering goods for secondary business activities in a regulated manner.
These developments have not gone unnoticed. Basware has been recognized as one of the "50 Companies You Need to Know" by Spend Matters, the world's largest source of information for procurement and supply chain professionals.
The listed "companies you need to know" are independently selected by the analyst team during multiple rounds of debate, focusing on factors such as innovation, market presence, technical competence and solution delivery.
"Never before has procurement technology been so central to businesses. With companies closely scrutinizing their supply chains and bottom lines to protect against volatility, the procurement technology space has only gained more prominence in 2021 - both with customers and investors," said Nick Heinzmann, Spend Matters' analyst team leader.
Basware offers an advanced and intuitive procurement solution for organizations looking to automate their procurement processes to drive user acceptance, better manage spend, reduce processing costs and increase supplier collaboration.
"I believe our appearance on this list is due to the trifecta offered by our comprehensive and advanced e-procurement solution: high user acceptance, supplier collaboration and spend visibility," said Katy Fonteyn, Director, Procurement Solutions, Basware. "We constantly strive to make e-procurement as easy as possible; we even hear from customers that procurement with us is so simple and intuitive that employees use it not because they're forced to, but because it's the fastest way to get things they need."