January 18, 2017

Basware recognized for best web-based supply chain financing solution by Global Finance

Company selected for its supply chain financing services portfolio, helping companies optimize working capital

STAMFORD, Conn. -- Basware, the global leader in networked purchase-to-pay (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 Finance magazine 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.”

The rankings for the tenth annual World’s Best Supply Chain Finance Providers will be published in an exclusive survey in the February 2017 issue of Global Finance. The global winners for the overall best Supply Chain Finance Providers (Bank and Non-Bank) will be revealed at an awards luncheon on January 18th in Madrid during the Bankers Association for Finance and Trade (BAFT) Europe Bank to Bank Forum.



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