June 2008
Independent vendor evaluation recognises Basware as number 1 in Strategy, Current offering and Market Presence
The Basware Enterprise Purchase to Pay solution suite includes solutions for Invoice Automation, Procurement and supplier integration, all of which are available through TAG Services.
Basware Corporation was among the select companies that Forrester invited to participate in its June 18, 2008 Forrester Wave™: Accounts Payable EIPP, Q2 2008 report. Basware is evaluated number 1 in all three of the report's dimensions: Strategy, Current Offering and Market Presence. Basware was stated to have "the largest market presence, excellent functionality, and a strong vision".
The Forrester Wave report used 78 criteria to evaluate top vendors that offer a complete Electronic Invoice Presentment and Payment (EIPP) solution supporting all phases of the payment process. According to the report, "AP-EIPP products streamline the invoice to pay process by receiving invoices directly from suppliers' systems, automatically validating them against supporting documents such as purchase orders, and loading them into payment systems, ready to be paid." The report stated "Basware stays just ahead of a strong pack". Forrester recognized Basware's strategy and market presence, giving the company the highest scores in product strategy.
"The findings of the Forrester Wave report reflect our success in combining a strong strategic vision with top-of-the-line product development – this is made possible by our clear focus on the Purchase to Pay business area. We believe in providing our customers with solutions that offer the functionality and the ease of use needed to improve business critical processes," says Jari Tavi, CTO of Basware Corporation.
According to the report, "one key differentiator for Basware is its commitment to interoperability with other supplier networks to deliver a wider supplier base to its buyer clientele". The report further notes that Basware "continues to enhance its EIPP product innovation while expanding into new areas. It has developed a strong eProcurement product for those companies wanting to go beyond I2P to full procure-to-pay".
Click here to request a copy of the Forrester Wave™: Accounts Payable EIPP, Q2 2008 report