Basware (Nasdaq: BAS1V), the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, announced today that it has been named a Value Leader for all five buying personas in Spend Matters’ Q1 2019 Procure-to-Pay, Invoice-to-Pay and eProcurement SolutionMapsTM. Value Leaders are providers with above average analyst and customer scores.
“We are thrilled to be ranked as Value Leader in Spend Matters’ SolutionMap for every eProcurement persona. In fact, we are one of the two vendors named as Value Leaders across every persona spanning eProcurement, I2P and P2P,” said Eric Wilson, Senior Vice President, North America, Basware. “For more than 30 years Basware has set the pace in our industry and we plan to bring the latest technologies and processes to the global markets for years to come.”
The SolutionMap is comprised of equal parts customer and analyst input and assesses vendors based upon how they fulfill the needs of five different buying personas: Nimble (prioritising speed to value and low pricing); Deep (requiring the most comprehensive, tailorable solution for the job and best-in-class functionality, breadth, depth and ability to support sophistication); Configurator (an emphasis on flexibility, modularity and internal/external integration to support an organisation’s evolving needs); Turn-Key (emphasising a combination of software capability and supporting services to contractually deliver results and a defensible ROI); and CIO-Friendly (valuing IT support and a CIO endorsement).
“Basware scores above the benchmark average for each SolutionMap buying persona — and in nearly every case is measurably above both the analyst/functional and customer ratings benchmark average individually,” said Jason Busch, Managing Director, SolutionMap and co-founder of Spend Matters. “Basware is one of only a few providers with such consistent strong performance for P2P, I2P and e-procurement — a distinction that finance and procurement organisations should consider as they consider both targeted and suite-based solutions for their needs.”
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