STAMFORD, CONN—Basware, an e-invoicing and purchase-to-pay solutions provider, has received a green supply chain award from Supply & Demand Chain Executive magazine for the third consecutive year. The award recognizes Basware’s efforts in helping companies reduce paper through e-invoicing and purchase-to-pay automation. In addition to enabling sustainability, Basware’s solutions and services help companies gain visibility and control over finance, reduce costs and improve productivity.
“Invoices are a major contributor to the paper overload in organizations today,” said Bob Cohen, VP, Basware North America. “We’re committed to helping them not only eliminate paper and achieve their sustainability goals, but at the same time gain key business benefits through improved productivity, reduced costs and increased visibility and control over their finances.”
Basware operates the global Open Network, an open, format-independent network allowing buyers and suppliers to exchange trading information regardless of their existing technology investments. Basware said the Open Network promotes connectivity between buyers and suppliers, enabling companies to switch to e-invoicing and bypass paper invoicing while helping them achieve their corporate social responsibility (CSR) or green targets. The Open Network, which connects buyers and suppliers by forming interoperability agreements with local and global e-invoicing partners, reduces the need to print, post, process, manually key-in, store and dispose of paper invoices.