Basware has renewed their agreement with a financial services group in Finland this week. Basware has been providing the Travel & Expense Management solution for the Finnish company since 2008, and the renewal will feature new services to aide in the centralized processing and automation of travel and expense reports throughout the organization. The value of the agreement is EUR 400,000 over three years.
This is the second extension of services for Basware in the past few weeks. Their business relationship with a brewing company was renewed in the beginning of June, and Basware’s top goal in the new contract will be to supply the delivery of accounts payable automation and e-invoicing services for the company’s North American operations. Basware’s first contract with the company involved the implementation of solutions for accounts payable at their headquarters in Europe. The value of this latest agreement is approximately EUR 300,000 over three years.
Esa Tihilä, Basware CEO, believes that this continued relationship is the result of the high level of connection Basware is able to offer to its customers. “The customer is able to easily collaborate across the Basware Commerce Network, the largest open business network in the world, whilst driving efficiency, scale and strengthening supplier-buyer relationships.”
The services that help in strengthening these supplier-buyer relationships are powered by Alusta, Basware’s unified cloud-based platform for purchase-to-pay that is flexible and intuitive, allowing for easy user experience. Alusta has been the backbone of many successful business dealings for Basware, including a recent contract with a UK hospitality retail provider who hired Basware for the automation solutions the platform supports. Not only t
hat, but Alusta is strong enough to inspire and create partnerships with excellent potential—like the one between Basware and India-based IT solution provider, Mphasis. Basware’s platform and commerce network will be embedded within Mphasis’ own portfolio to provide transaction based e-procurement and invoice automation services to its clients.
From their recent ventures, it is clear that Basware is a respected and successful business partner. PayStream Advisors believes the strength behind these business relationships has a lot to do with the strength upon which Basware has built their solutions.
