Basware Completes 80M Network Transactions

E-Invoicing and purchase-to-pay company Basware has recently passed another growth milestone with over 80 million annualized e-invoice and purchase order transactions sent and received across its Basware Commerce Network.  Those impressive stats makes the company the largest of its kind in the world,  and is a testament to the rapid growth of the e-invoice market, according to CEO Esa Tihilä.

“Connected commerce and e-invoicing adoption are on the rise across every sector and businesses of different sizes. That’s because companies relying on manual processes to receive and pay invoices frequently end up paying late, slowing payment activity and creating stagnation in the wider economy. It is through our continued focus on delivering innovations, designed to enable easy connectivity to the network for companies of all sizes and removing common obstacles to connected commerce that we have been able to boost the number of companies using our network,” he noted.

Basware reportedly connected over a million companies in a hundreds nations around the world.  The company expects to see its growth continue to accelerate, especially as the global economy continues to recover from the global economic meltdown of 2007.

“Our goal is to constantly innovate and push the industry forward, through the development of our own solutions and through partnerships with other leading businesses. This way we remove barriers to e-invoicing and purchasing automation, allowing our customers to reap the full benefits and savings that such strategies deliver, no matter what size they are,” Tihilä said.