Basware Recognized in the Gartner® Critical Capabilities for Procure-to-Pay Suites Report

The Company Was Recognized Among 12 Vendors in the 2021 Report

ESPOO, Finland--(BUSINESS WIRE)--Basware (Nasdaq: BAS1V) once again received a highest ranking for accounts payable invoice automation (APIA) in the latest Gartner report.¹

“For the past 35+ years, we’ve been working diligently to optimize accounts payable operations for our customers via innovative and proven automation solutions, so it’s rewarding to reconfirm that our global customers process the highest percentage of electronic invoices, independent of whether invoices originate from paper, PDF files or structured e-Invoices,” said Klaus Andersen, CEO, Basware. “We believe securing one of the highest scores for APIA for the second year demonstrates our strength in helping our customers in their journey of digitalizing their invoice processing, creating real spend visibility, and once and for all, getting rid of manual and paper-based processes.”

2021 Gartner Critical Capabilities for Procure-to-Pay Suites takes a deeper view into what Gartner has deemed the “critical capabilities” a best-in-class procure-to-pay (P2P) solution should have.

¹ Gartner, “Critical Capabilities for Procure-to-Pay suites,” Micky Keck, William McNeill, Kaitlynn Sommers, Patrick Connaughton, November 15, 2021.

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About Basware:

Basware is the only procure-to-pay and e-invoicing solution provider that empowers businesses with 100% spend visibility through 100% supplier connectivity and 100% data capture. Our cloud-based technology enables organizations to fully manage their spend, mitigate financial risk and reduce the cost of operations via automation. With the world’s largest open business network and an open technology ecosystem, we are uniquely positioned to deliver the solution required for Visible Commerce, which provides customers with complete transparency into all the flows of money, goods, and services around the world. A global company, Basware has offices in 14 countries and is traded on the Helsinki exchange (BAS1V: HE).