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Basware Boosts Supplier Collaboration with Global Marketplace

November 29, 2016         By: Mike Dautner

Basware, the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services, is launching Marketplace, a global catalog management tool on the Basware Network.

Marketplace facilitates stronger buyer-supplier relationships by allowing private and public sector organizations across the world to access negotiated supplier contracts, browse available products and services with a consumer-like shopping experience, and place orders directly with suppliers.

Following success in the UK with multiple active buying communities on the platform, Marketplace will expand to other countries around the world and become available to over 1 million businesses on the Basware Network already streamlining their procurement process and managing their financial supply chain.

By using the same intuitive platform to connect P2P and O2C processes, both buyers and their suppliers will form more collaborative and mutually beneficial relationships as a foundation for sustainable growth of their businesses.

Ilari Nurmi, SVP, Purchase-to-Pay at Basware, commented: “As international procurement processes increasingly depend on strong buyer-supplier relationships, built on mutual trust and reliability, business networks are becoming more important than ever before. Marketplace helps organizations create and nurture these essential relationships with their suppliers, and vice versa. After years of collaboration with our customers in the UK, we are excited to bring Marketplace to organizations around the world, enabling them to build deeper, stronger and transparent relationships that will fuel mutual success.”

Marketplace connects suppliers with all of their customers on the Basware Network allowing them to easily upload catalog content with an “upload once, use for all” approach and then manage customer-specific price lists and discounts. It also enables them to reduce the cost of doing business by ensuring their customers are ordering with accurate product and price information.

“Basware’s Marketplace makes the review and amendment of catalog data easy due to the simple and easy to understand interface which mirrors what is seen by the end users in the buying interface. Buyers are able to benefit from an enhanced experience that mirrors those of major online retailers making it simpler and quicker to train buyers,” said Chris Goodier, Contracts Manager, Bedfordshire, Hertfordshire and Cambridgeshire Constabulary.