FacebookTwitterLinkedin

GlobalFinTechSeries

  • News
  • Interviews
  • INSIGHTS
    • GUEST ARTICLES
    • Featured
  • FinTech Radar
    • Artificial Intelligence
    • Banking
      • Currency Exchange
      • Capital Markets
      • Investment Services
      • Mobile Banking
      • Risk Management
      • Trading
    • Blockchain
      • Cryptocurrency
    • Business
    • Economy
    • Fintech
    • Fintech Funding
      • Fintech Startups
    • InsurTech
  • Services
    • Editorial
    • Lead Generation
    • Events
  • Subscribe
  • CONTACT US
  • Home
  • News
  • Basware Named A Leader In IDC MarketScape Procure-to-Pay Assessment
Cloud Currency Exchange Economy Fintech News

Basware Named A Leader In IDC MarketScape Procure-to-Pay Assessment

by Fintech News DeskFebruary 17, 2021February 17, 20210
Basware Named A Leader In IDC MarketScape Procure-to-Pay Assessment

Basware  is recognized as a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procure-to-Pay Applications 2021 Vendor Assessment (doc #US45015519, February 2021). To be included in the IDC MarketScape assessment, vendors’ offerings must be “SaaS” or “cloud-enabled;” meet the IDC MarketScape definition of procure-to-pay (P2P); have procurement technology that encompasses P2P; and leverage innovations in intelligent technologies.

Read More: LeaseLock Hires David Hemry As Director Of Claims Innovation

“Basware is a particularly strong fit for companies with a multi-ERP environment and complex global deployment requirements.”

“Basware has once again been recognized by the IDC MarketScape as a Leader in Procure-to-Pay,” said Mickey North Rizza, program vice president for IDC’s Enterprise Applications and Digital Commerce research practice. “Basware is a particularly strong fit for companies with a multi-ERP environment and complex global deployment requirements.”

The IDC MarketScape recognized the extensive Basware network and its ability to connect with all suppliers regardless of sending method as strengths contributing to its position in the Leaders Category. Additionally, the assessment notes that Basware recently introduced product enhancements that leverage machine learning, including SmartPDF AI and the Approval Confidence Index.

The report also recognized Basware as a “pioneer in touchless automation,” with technology that “enables 100% visibility and transparency around all spend.” Basware took that visibility one step further with its recent launch of its Spend Insights dashboard, which provides a single view across an organization’s entire spend – direct, indirect, PO and non-PO – and recommendations on suggested actions, all designed to help procurement departments rapidly identify areas for potential savings.

“The socioeconomic and political factors at play in our world have prompted prudent financial practice now more than ever, putting extreme pressure on finance and procurement teams,” comments Sami Peltonen, VP, P2P Solutions, Basware. “But the need for financial discipline also presents an opportunity to these teams to reinvent and recast themselves in a more pivotal business role – and that can easily be done with the touch of a button, with the right procure-to-pay technology. Plus, if your organization does leverage a P2P solution, you’ll quickly realize that technology – by enabling collaboration between procurement and finance processes – can help close gaps and drive continuing innovation across your P2P operations.”

Read More: Sunwave Introduces Financial Technology for The Behavioral Health Treatment Industry

BaswareCloud-EnabledFintechIDC MarketScapeNewsProcure-to-Pay Applications 2021Procure-to-Pay AssessmentSaaSVendor Assessment.Worldwide
Share0
previous post
Total Expert Welcomes SaaS Veterans Ilene Vogt as Chief Revenue Officer and Rebecca Martin as Chief Marketing Officer
next post
Westlake Technology Holdings and Nowcom Corporation Come Together to Form New Fintech Organization, NowLake Technology, LLC
Fintech News Desk
Fintech News Desk is a trained group of web journalists and reporters who collect news from all over the financial technology landscape. The financial services innovations include latest and advanced developments related to Digital banking, wallets, AI, ML, IT, Cloud Security, Privacy and Security, Cyber threat intelligence, Space, Big data and Analytics, Blockchain, and Crypto. To connect, please write to Fintech market analyst at sghosh@martechseries.com.

Related posts

Global Digital Asset Based Exchange Traded Products YTD AUM Rose 66%, Outpacing Broader Market

PR NewswireMay 8, 2023

dv01 Unveils dv01 DealStudio: Structuring Tool to Streamline Deal Modeling for Private Credit Transactions and Securitizations

PR NewswireFebruary 10, 2025

MUFEX Revolutionizes DeFi with CEX-Like Trading Experience and Lightning-Fast Order Processing

GlobeNewswireMay 30, 2023

Popular Posts

  • Goldnx Announces Major Expansion of AI Trading Infrastructure to Support Growing Canadian Market August 1, 2025
  • New Report Reveals SMBs Rely on Both Business and Personal Credit Cards to Bankroll Operations July 31, 2025
  • COMPLY Appoints Brian Alexander as Chief Financial Officer and Jack Van Arsdale as General Counsel to Accelerate Growth and Global Expansion July 31, 2025
  • Vise Launches Customizable Options Overlay Strategies to Deliver Outcome-Driven Investing at Scale July 31, 2025
  • New AI-Powered Experian Assistant for Model Risk Management Streamlines and Accelerates Governance Processes July 31, 2025

Media social

Banking

Accuity Releases Bankers Almanac Enhanced Due Diligence to Automate Risk Assessments For...

Fintech News DeskJanuary 13, 2021May 21, 2021

Introducing PayBlox: Revolutionizing Fintech with Innovative Merchant Account Matching

PR NewswireSeptember 26, 2023

PayPal Approved to Provide Access to Paycheck Protection Program...

Fintech News DeskApril 13, 2020

Total Expert Recognized in Now Tech: Retail Banking CRM...

Fintech News DeskSeptember 29, 2021

About

logo

Global FinTech Series covers top Finance technology news, editorial insights and digital marketing trends from around the globe. Get relevant updates on modern Fintech adoption with Fintech interviews, tech articles and events.


Visit Our Other Sites

MarTech Series
AiThority


SalesTechStar
TecHR
iTechnology Series

Quick Links

News
Interviews
Contact Us
Privacy Policy

FOLLOW US

Interested in our Customized Editorial Services?

Please fill your details and we'll get in touch with you!

GlobalFinTechSeries
Brought to you by Itech Series


To repurpose or use any of the content or material on this and our sister sites, explicit written permission needs to be sought.

Copyright © 2025 Global FinTech Series. All Rights Reserved. Privacy Policy

GlobalFinTechSeries
FacebookTwitterLinkedin
  • News
  • Interviews
  • INSIGHTS
    • GUEST ARTICLES
    • Featured
  • FinTech Radar
    • Artificial Intelligence
    • Banking
      • Currency Exchange
      • Capital Markets
      • Investment Services
      • Mobile Banking
      • Risk Management
      • Trading
    • Blockchain
      • Cryptocurrency
    • Business
    • Economy
    • Fintech
    • Fintech Funding
      • Fintech Startups
    • InsurTech
  • Services
    • Editorial
    • Lead Generation
    • Events
  • Subscribe
  • CONTACT US
1