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.
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management. Its website — GFMag.com — offers analysis and articles that are the heritage of 30 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
Basware is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware’s commerce and financing network connects businesses in more than 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. The company’s North American business, Basware, Inc., is headquartered in Stamford, Conn.