November 18 , 2015

Basware receives ‘Green Supply Chain Award’ for e-Invoicing for sixth consecutive year

Stamford, CT— Basware, a provider of e-invoicing and purchase-to-pay solutions, today announced that it has been recognized with a Green Supply Chain Award for the sixth consecutive year from Supply & Demand Chain Executive magazine.  Basware received the award for helping companies significantly reduce volumes of paper invoices—and lessen their environmental impact—through e-invoicing and transactions over the Basware Commerce Network, the largest open B2B commerce network.

”An estimated 500 billion invoices are sent globally every year, and with supporting documents, the amount of paper used is typically two to ten times that amount ,” said Bob Cohen, VP, North America, Basware .   “It’s estimated that if these invoices were sent electronically, it would save millions of trees, and billions of pieces of paper, liters of water and kWh of power each year.  By helping companies eliminate paper invoices through e-invoicing over the Basware Commerce Network, companies can significantly reduce their carbon footprint as well as gain visibility and control over finances, reduce costs and improve working capital.”

Suppliers and buyers that conduct e-invoicing through the Basware Commerce Network can send and receive 100 per cent e-invoices immediately – eliminating all paper invoices. The Basware Commerce Network connects one million companies across 100 countries.   It allows buyers to easily transact collaboratively (by sending e-invoices, orders and sharing catalogs online) with millions of suppliers across the globe, precluding the need to generate vast amounts of paper. By implementing e-invoicing, companies no longer need to print, post, process, manually key-in, store and dispose of paper invoices, helping them achieve green targets.

“The Green Supply Chain Awards honor companies and providers, such as Basware, t hat are helping organizations make sustainability a core part of their business and supply chain strategies ,” said Barry Hochfelder, editor, Supply & Demand Chain Executive. “These organizations are not only positively benefiting the environment, but they are also reaping significant business benefits.” 

The 2015 Green Supply Chain Awards recognize companies that are making green or sustainability a core part of their supply chain strategy, and are working to achieve measurable sustainability goals within their own operations and/or supply chains, in the areas of sourcing/procurement, fulfillment/logistics, operations, product lifecycle management, and other areas of the supply chain. The awards also recognize providers of supply chain solutions and services assisting their customers in achieving measurable sustainability goals. Submissions were judged based on the clarity and content of the goals and strategy, the extent of the steps being taken, the impact of the results to date and projected results, and the form and presentation of the information submitted.