Basware Recognized for Best Web-Based Supply Chain Financing Solution

Basware, the global leader in networked P2P solutions, e-invoicing and innovative financing services, today announced that it has been recognized for providing the best web-based supply chain financing solution by Global Financemagazine in its tenth annual ranking of the World’s Best Supply Chain Finance Providers.

The company was selected for its working capital services portfolio, which delivers multiple payment and financing options, enabling companies to realize greater financial agility, flexibility and liquidity. Basware’s financial services operate over the Basware Network, the largest open business network in the world, providing easy collaboration between buyers and suppliers of all sizes.

“We are proud that Global Finance selected us as the leader in the web-based supply chain financing field,” said Ad van der Poel, Basware’s senior vice president, Financing Services.

“We are committed to making supply chain financing a win-win for both buyers and suppliers alike, and offer a variety of flexible financing options over the Basware Network for different business financing environments. Our focus is on enabling organizations to optimize their working capital, regardless of company size or cash position.”

Global Finance’s editorial review board—with input from industry analysts, corporate executives and technology experts—selected the best providers of supply chain finance and management services. A variety of subjective and objective criteria were used for choosing the winners.

Factors considered included: market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations. In addition, a poll of Global Finance’s readership was conducted to increase the accuracy and reliability of the results.

“Supply chain finance is a hotbed of application development, with much that has moved past proof-of-concept stages to prototypes, pilots and products. The coming year should see more interesting developments emerging,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “At this time of rapid industry change, our awards aim to identify the partners best able to help multinationals identify and implement innovations—while also keeping up with regulatory and market shifts.”