Shulou(Shulou.com)05/31 Report--

Basware (Nasdaq: BAS1V) announced today that it has all five buyer roles-accounts payable (AP) Automation Q1 2020 SolutionMap and four buyer roles-from purchase to payment (P2P) and e-procurement in their respective SolutionMap. Value leaders are providers whose analysts and customers score above average.

"the map update of the latest expensive solution shows that Basware's P2P research and development continues to pay off."

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"in this unprecedented era, our top priority is the health and safety of our employees, customers and partners, and continue to provide our services to our customers," said Klaus Andersen, CEO of Basware. " We are still moving forward, acting in the way we know today, and preparing for the future-in part by celebrating success to maintain a certain sense of normality, such as winning these accolades in SolutionMap. We are proud of the excellent performance of our analysts and clients. I think this is a testament to the power, innovation and delivery of our solutions from all angles. "

SolutionMap is an authoritative procurement technology benchmark ranking used to evaluate 69 procurement software companies in 13 technology areas, consisting of equal customer and analyst inputs. It evaluates suppliers based on how they meet the needs of five procurement roles: intelligence, depth, configurator, turnkey, and CIO friendliness.

Basware got the following rankings:

P2P solution Map: value Leader of depth, configuration, turnkey and CIO friendly role

E-procurement solution diagram: value leaders for agile, configuration, turnkey, and CIO friendly roles

Invoice to payment solution Diagram: solution leaders for all five roles

Xavier Olivera, chief analyst of the purchasing and payment solutions market for Huaji, said: "the latest SolutionMap updates of Huashi show that Basware's P2P research and development continues to pay off. Basware achieved the highest achievement of SolutionMap and was rated as a value leader, which means that their solution capabilities scored high among analysts and their customers received good reviews on Basware. They excel in three competitive solution categories: e-procurement, from procurement to payment, and the first area of ap automation. "

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About Basware:

Basware is the only provider of on-demand procurement and electronic invoice solutions. Businesses can know 100% of their expenses through 100% vendor connections and 100% data capture capabilities. Our cloud-based technology enables organizations to fully manage expenses, reduce financial risks, and reduce operating costs through automation. With the world's largest open business network and open technology ecosystem, we are in a unique position to provide the solutions needed for visualization business, providing customers with complete transparency of all global flows of capital, goods and services. Basware is a global company with offices in 14 countries and trades on the Helsinki Stock Exchange (BAS1V: HE).

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