Basware

  In the battle for corporate profits, efficiency, and performance, the CFO and the CPO are natural allies, each marked by an increasingly prominent role that demands greater performance. And yet, more often than not, these generals and their battle-tested teams are marching to the beat of a different drummer. Enterprises that allow this CFO-CPO [...]

At the beginning of May I had the opportunity to meet with the Basware team and was briefed on the recent launch of Basware Analytics as well as some new and improved capabilities around Basware’s eProcurement solution. As many of you may know, Basware is a provider of eInvoicing and procure-to-pay (P2P) solutions, the company [...]

2012 continues to be a big year for Basware in this quickly consolidating eInvoicing market. On Oct 5th, Basware signed an agreement to acquire the eInvoicing and network business of Certipost for €18.2MM. Certipost based in Aalst, Belgium is a subsidiary of bpost (the Belgian Post Group) and is a leading eInvoicing provider in the [...]

On February 29th, 2012 Basware introduced its new cloud-based platform called Alusta (meaning ‘platform’ in Finnish) to the market. Basware was already one of the major providers of eInvoicing and procure-to-pay (P2P) solutions and with this new highly scalable and flexible cloud-based platform they are likely to cause a stir in the market. This new [...]

On January 17, 2012, Basware kicked off the New Year by announcing that it had acquired First Businesspost GmbH (“1stbp”)for €12.2 million, which includes assumption of the company’s debt (€ 3.2 million). Before we get into an analysis of the deal, here are some key figures for 1stbp in the year ended 2011: Revenues: €2.4 [...]