BasWare

BasWare Corporation is one of the globally leading companies developing enterprise software solutions for two key financial processes, purchase to pay and financial management. BasWare Enterprise Purchase to Pay suite includes invoice automation and procurement software as well as a Contract lifecycle management solution, sourcing and travel & expense management solutions. BasWare Financial Management portfolio includes solutions for financial planning, reporting and analyzing. BasWare’s solutions are packaged composite applications (PCA) that generate added value by interacting with and complementing the functionalities of existing systems, such as enterprise resource planning (ERP) systems. With BasWare solutions, companies can automate their financial processes and back-office financial operations to enhance efficiency, gain process control and transparency, and meet compliance requirements. BasWare’s solutions are deployed across the organization to support daily processes. The company’s software can also be implemented as a Software as a Service (SaaS) delivery.

The company has operations in more than 40 countries on six continents. BasWare’s markets include Nordic countries, Europe, Russia, North America and Asia Pacific. The company has its own subsidiaries in Scandinavia, Western Europe and the United States. Additionally, BasWare has over 50 value added resellers in Europe, North America and Asia Pacific.

BasWare is listed on the OMX Helsinki and growth of net sales on average has been more than 45 percent over the last five years.

History

1985 BasWare was founded
1992 First BasWare Financial Management software introduced
1997 First BasWare Invoice Processing software introduced; Scan & Capture Workflow for Invoices – e-Flow
1999 First customer in Sweden
2000 Public listing on the Helsinki Stock Exchange
2000 BasWare introduces first electronic invoicing, archiving and procurement products and intelligent OCR
2000 First customers in Norway, Denmark and the Netherlands
2001-2002 Expansion into Central Europe, UK, USA and Australia
2002 BasWare introduces 2nd Generation Workflow solution – AutoFlow
2003 Business Rules Extension Modules for BasWare Invoice Processing
2004 BasWare introduces end-to-end Invoice Automation solution
2005 BasWare introduces 5-way Matching
2005 BasWare introduces Enterprise Purchase to Pay (EPP) concept
2005 Composite SOA Application Model
2005 BasWare acquires Norway-based Iocore and Finnish Trivet Software
2006 BasWare introduces Business Rules Matching (N-way Matching)
2006 BasWare introduces Enterprise Purchase to Pay - Key performance indicators Reporting Tool – 119 predefined indicators
2006 BasWare acquires Finnish Analyste
2007 BasWare named leading eProcurement software vendor in Forrester Wave eProcurement solutions, Q2 2007 research report,
2007 BasWare introduces EPP OneClient™ Mobility (pat.pending)
2007 BasWare acquires UK-based Digital Vision Technologies Ltd