More NewsBasware Acquires German E-invoice Network First Businesspost

Basware Acquires German E-invoice Network First Businesspost

Basware, a purchase-to-pay solutions company, has acquired First Businesspost, a German electronic invoicing (e-invoicing) network. In 2011 First Businesspost delivered over 4.5 million e-invoices on behalf of its buyers and suppliers. The Open Network, including First Businesspost, has 130 interoperating networks globally, with approximately 120,000 active buyers and 495,000 suppliers transacting worldwide.

One of First Businesspost’s core capabilities is its Virtual Printer Driver Technology, which helps on-board suppliers quickly and easily. Basware will integrate this technology into its supplier on-boarding solution – accelerating and simplifying the global delivery of e-invoices.

Esa Tihilä, chief executive officer (CEO), Basware, said: “The acquisition of First Businesspost represents Basware’s commitment to expand the Open Network globally. The combined spend delivered across Basware and First Businesspost’s networks in 2011 showcases the significance of this acquisition in terms of global reach and will bring together the expertise of two major e-invoicing providers.”

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

3m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

4m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi