Basware Advance selected for innovating B2B financing, helping companies get paid faster, boosting cash flow
STAMFORD, Conn—Basware, a networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services company, has announced that Basware Advance, its supplier-initiated early payment finance solution, has been recognized by Global Finance magazine for sparking innovation in trade finance and transaction services.
Basware is included in the publication’s fourth annual Innovators 2016—Transaction Services list, and its first annual Innovators 2016—Trade Finance list in Global Finance’s The Innovators Special Issue.
Basware is recognized for product innovation on the Transaction Services list and for product and process innovation on the Trade Financing list.
All selections for the annual listings were made by the editorial board of Global Finance. The board considered nominations and submissions, key research and the input of experts in evaluating those banks and service providers that stand out for their transformative products and solutions.
The OECD’s Oslo Manual of Innovation was referenced when considering firms for inclusion. The Oslo Manual spells out four types of innovation: product innovation; process innovation; marketing innovation and organizational innovation.