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PR Newswire
Basware, the
leading provider of purchase-to-pay solutions, has further expanded its Open
Network for e-invoice and purchase message transactions by achieving the
significant milestone of 100 partners across the globe. New partners include
First Businesspost in Germany; Unified Post in the Netherlands; and Inovis,
part of the world's largest e-commerce company GXS in the UK and the U.S. The
Basware Open Network, which connects buyers and suppliers by forming
interoperability agreements with local and global e-invoicing partners, has
to date supported more than nine-million global transactions in 2010.
The Basware Open Network's support of multiple data formats ensures that
any supplier, buyer or third-party vendor can join, regardless of whether
proprietary technologies are in place or not. This uniquely open model
addresses the pitfalls associated with other highly fragmented industry
offerings, where every buyer uses a different standard and data format - and
where even a modestly sized business cannot hope to meet the requirements of
every one of their customers.
Through the Basware Open Network, e-invoices and purchase messages can
flow smoothly from any supplier to any buyer through any provider of
e-invoicing services - all via a hub designed specifically to overcome this
fragmentation issue. Interoperability agreements now exist between Basware
and more than 100 of the 500 operators, with many more scheduled to be added
throughout the rest of 2010 and 2011.
"The key to realizing the full benefits of e-invoicing is the ability for
organizations to transact globally with ease and efficiency," said John
Webster, VP Global Product Marketing at Basware. "Buyer and supplier
organizations need to choose their e-invoicing network provider carefully, as
traditional e-invoicing network models have focused on enforcing connections
within their own closed networks, often optimized only for specific regions
or industries and typically supporting only proprietary document formats.
This traditional closed model exacerbates the fragmented landscape and can
expose locked-in companies to arbitrary and enforced price increases. To
combat this, and also mitigate the risk of significant fee increases, Basware
enables suppliers to connect to the Basware Open Network either directly or
through existing local operators. The Open Network automatically processes
e-invoices to the buying organization regardless of its own operator,
location or document format standards," Webster added.
"Our Open Network is truly global, and we now have more than 100 out of
500 operators connected around the world," said Ari Salonen, general manager,
Basware North America. "It is fully interoperable - all of these operators
have worked with us to ensure that their own networks can share data smoothly
with ours. By supporting more than 50 data formats, we ensure that buyers and
suppliers have as much flexibility as they need. Our unique approach is
transforming a highly fragmented global industry by removing the final
barriers to global adoption of e-invoicing, and providing the key enabler for
large organizations looking to reap the benefits of e-invoicing. Through our
Open Network, suppliers and buyers can co-exist in harmony and no longer have
to navigate their way around a multitude of closed networks and standards."
For more information on Basware e-invoicing solutions, visit
http://www.basware.com.
Basware's e-invoicing partners are listed at:
http://www.basware.com/e-invoicingnetwork.
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