Basware, a global leader in networked source-to-pay solutions, e-invoicing and innovative financing services solutions, has signed a global partnership agreement with Bisnode, a Dun & Bradstreet Worldwide Network member. Together the partners will leverage Dun & Bradstreet data to provide new business intelligence insights that help Basware’s customers optimize their strategic supplier relationships. Basware customers benefit from high-quality and up-to-date supplier data that provides them with a holistic view of who they are working with and thus helps them easily identify the right supplier mix.
The new solution leverages the D-U-N-S® Number to reveal relationships between companies and across corporate family trees, enabling organizations in the Basware Network to improve and better monitor supplier data quality by validating and enriching it against the Dun & Bradstreet global business database. This eliminates duplicates, updates records, and complements supplier data with essential information, empowering businesses to work more efficiently as well as enabling effective supplier relationship management and cost-savings. With an optimized supply base, companies can achieve greater savings, minimize disruptions, and assure regulatory compliance.
“We are constantly developing and innovating new value-added services for organizations in the Basware Network and seek to collaborate with other global leaders and innovators in e-commerce,” says Vesa Tykkyläinen, CEO of Basware. “By combining Dun & Bradstreet’s largest global commercial database with Basware’s largest open B2B network, we are simplifying supplier data management and increasing efficiency in vendor relationships and spend management for our customers. I’m very pleased about our collaboration with Bisnode, aiming at giving our customers the benefits of high-quality supplier data and providing them with an effortless and easy way to keep this data always up-to-date.”
Basware is the global leader in providing networked source-to-pay solutions, e-invoicing and innovative financing services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at www.basware.com.
Source: Basware Press Release