Basware Named a Top Innovator in Annual Supply & Demand Chain Executive 100 Awards

Basware , the leading provider of purchase to pay solutions, announced today that for the third consecutive year it has been selected as a top innovator in the eighth annual Supply & Demand Chain Executive 100 awards. The awards appear in the June/July issue of the magazine and feature the leading providers of supply chain services and technologies that are at the forefront of innovation. Basware received this recognition based on its advanced invoice processing and purchasing solutions, which have enabled leading companies around the world to cut costs, gain control and improve visibility over the purchase to pay process.

“The 2009 Supply & Demand Chain Executive 100 includes supply chain solution and service providers that are helping their customers and clients both respond to the downturn, and more importantly, position themselves for growth ahead,” said Andrew K. Reese, editor of Supply & Demand Chain Executive .

”Basware’s technology provides significant competitive advantage,” said Ari Salonen, general manager, North America, Basware, Inc. “By using Basware’s purchase to pay technology, companies can strategically focus on key purchasing areas, improve supplier management, benefit from process improvements, and more effectively manage their cash flow and working capital throughout the supply chain – a formula for effective fiscal management and competitive advantage in all economic climates. We’re honored to be recognized once again by Supply & Demand Chain Executive and to be included among the world’s leading innovators in supply chain solutions.”

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Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web at .