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

"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."

About Supply & Demand Chain Executive

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 www.SDCExec.com.

About Basware

Basware is the global leader in purchase to pay solutions with more than 1,500 customers and 850,000 users in over 50 countries around the world. With Basware, organizations can reduce the cost of buying and paying for goods and services and gain visibility and control of their entire spending process by automating manual processes, from sourcing, contract management, purchasing and supplier collaboration to invoice automation. Basware solutions and services enable substantial cost reductions across businesses and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented, either on site or as a service, in Europe, the U.S., and Asia-Pacific through an extensive network of Basware offices and business partners. The company's U.S. business, Basware, Inc., is headquartered in Stamford, Conn. More information can be found at www.basware.com/us.

COMPANY CONTACT:
Basware, Inc.
Robert Cohen, 203-487-7905
robert.cohen[at]basware.com
or
MEDIA CONTACT:
Pardes Communications, Inc.
Linda Pendergast-Savage, 508-224-7905
pendergast[at]pardescommunications.com