Basware has established a new business called Basware Financing Services. Basware’s Financing Services will deliver new and innovative financing services for buyers and suppliers, combining payment with financing services for companies of all sizes. Basware will help companies optimize their cash and working capital made available as they participate within and transact across the Basware Commerce Network.
“Buyers and suppliers around the world benefit from huge sources of additional value within the Basware Commerce Network which is constantly growing. With 80 million transactions moving across the network annually already today and more than 1,000,000 active buyers and suppliers, businesses of all sizes are looking for ways to automate their financial processes, manage their cash positions more intelligently, build stronger relationships across their supply chains and ensure they can pay and be paid with greater certainty, quickly and efficiently.
The scale of the network provides unprecedented opportunity in the area of trade finance to provide innovative financing services and solutions to both large enterprises and small and medium-sized companies,” said Esa Tihilä, CEO, Basware Corporation. “Companies on the Basware Commerce Network now have multiple options depending on whether they are buying or selling, cash rich or cash poor. There are three different solutions to choose from: approved payables financing, dynamic discounting and factoring. Each is designed for different circumstances, and, because they are available from the network, all are easy to take into use.”
