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Basware: Basware selected for Best Web-Based Supply Chain Financing Solution by Global Finance

Basware selected for Best Web-Based Supply Chain Financing Solution
by Global Finance

Company recognized for its portfolio of supply chain financing services,
open B2B network

STAMFORD, Conn., Jan. 28, 2016 -Basware, the leading provider
ofe-invoicingandpurchase-to-paysolutions, today announced that it has been
recognized for offering the best web-based supply chain financing solution
byGlobal Financemagazine in its ninth annual ranking of the World's Best
Supplier Finance Providers. The company was noted for its Basware Financing
Services business, which enables companies of all sizes to conduct
just-in-time financing and take control of their payment terms. Basware
Financing Services are powered by the Basware Commerce Network, the largest
open B2B network in the world, enabling buyers and suppliers to seamlessly
"We are proud to be selected as the best in the financing solutions field
byGlobal Finance
," said Ad van der Poel, Basware's senior vice president, Financing Services.
"Last year, we established the Financing Services business to address the
needs of companies - both big and small - for improved cash flow and working
capital management. We have introduced three services to the market since
that time, offering a range of easy and flexible financing services to
address these needs."

The Basware Financing Services division enables companies and their suppliers
to optimize cash and working capital through digital participation in the
Basware Commerce Network. Through Basware's Financing Services, companies on
the Basware Commerce Network have multiple options to choose from when
designing a payment strategy, including a global e-payment solution (Basware
Pay), dynamic discounting (Basware Discount) and an e-invoicing based
supplier driven invoice financing service (Basware Advance).

Global Finance
's editorial review board-with input from industry analysts, corporate
executives and technology experts-selected the best providers of supply chain
financing 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.
"Supplier finance providers and the corporates who use their services are
trying to understand how big developments on the economic, regulatory and
policy fronts will affect their business," said Joseph D. Giarraputo,
publisher and editorial director ofGlobal Finance
. "Corporates need supplier finance partners who can help them adjust nimbly
to those changes. With these awards, we aim to identify those partners."
The rankings for the ninth annual World's Best Supplier Finance Providers will
be published in an exclusive survey in the February 2016 issue ofGlobal

About Global Finance
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 29 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.

About Basware
Basware is the global leader in providing purchase-to-pay and e-invoicing
solutions in the world of commerce. We empower companies to unlock value
across their financial operations by simplifying and streamlining key
financial processes. We help our customers to succeed and create added value
to their business through better financial management. Our Basware Commerce
Network, the largest open business network in the world, connects 1 million
companies across 100 countries and enables easy collaboration between buyers
and suppliers of all sizes. Through this network, leading companies around
the world achieve new levels of spend control, efficiency, and closer
relations with their suppliers. With Basware, businesses can introduce
completely new ways of buying and selling to achieve significant cost savings
and boost their cash flow. The company's U.S. business, Basware, Inc., is
headquartered in Stamford, Conn.

Find out how Basware helps money move more easily and lets commerce flow



Company contact:
Robert Cohen
Basware, Inc.


Media contact:

Diane Pardes
Pardes Communications, LLC



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Basware via Globenewswire


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