Basware Corporation is a Finnish

Finland

Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...

 software company selling enterprise software

Enterprise software

Enterprise software, also known as enterprise application software , is software used in organizations, such as in a business or government, contrary to software chosen by individuals...

 for financial processes, purchase to pay and financial management; main competitors in this arena include Ariba

Ariba

Ariba is a software and information technology services company located in Sunnyvale, California.- Early life :Ariba was founded in 1996 by Bobby Lent, Boris Putanec, Paul Touw, Rob Desantis, Ed Kinsey, Paul Hegarty, and Keith Krach on the idea of using the Internet to enable companies to...

 and Proactis. Basware’s products are packaged composite applications (PCA) that are intended to interact with and complement the functionalities of existing systems, such as enterprise resource planning

Enterprise resource planning

Enterprise resource planning systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems automate this activity with an integrated software application...

 (ERP) systems, used across the organization to support daily processes. The company’s software can also be implemented as a Software as a Service

Software as a Service

Software as a service , sometimes referred to as "on-demand software," is a software delivery model in which software and its associated data are hosted centrally and are typically accessed by users using a thin client, normally using a web browser over the Internet.SaaS has become a common...

(SaaS) delivery.

The company has operations in more than 50 countries on six continents. Basware’s markets include Nordic countries, Europe, Russia, North America and Asia Pacific. The company has its own subsidiaries in Scandinavia, Western Europe and the United States. Additionally, Basware has over 70 value added resellers in Europe (E.g. : DIMO Gestion in France), North America and Asia Pacific.

Milestones

• 1985 Basware was founded
• 1990 Management buy-out
• 1992 First Basware Financial Management software introduced
• 1997 First Basware Invoice Processing software introduced; Scan & Capture Workflow for Invoices – e-Flow
• 1999 First customer in Sweden
• 2000 Public listing on the Helsinki Stock Exchange
• 2000 Basware introduces first electronic invoicing, archiving and procurement products and intelligent OCR
• 2000 First customers in Norway, Denmark and the Netherlands
• 2001-2002 Expansion into Central Europe, UK, USA and Australia
• 2005 Basware acquires Norway-based Iocore and Finnish Trivet Software
• 2006 Basware acquires Finnish Analyste
• 2007 Basware acquires UK-based Digital Vision Technologies Ltd,
• 2008 Basware acquires Sweden-based Contempus AS,
• 2009 Basware acquires Itella's Norwegian invoice automation solution business
• 2009 Basware acquires TAG Services Pty Ltd in Australia