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Basware Signs Neocol to Support Financial Service Sector Growth

06-13-2008 09:49 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Basware

/ PR Agency: Context
Basware has announced a key partnership agreement with solutions provider Neocol to expand the distribution of its range of financial process automation solutions in the UK market.

The strategic appointment will see Neocol distribute Basware’s Enterprise Purchase to Pay software, and will play a key role in helping Basware to further boost its presence in the financial services sector.

Basware’s automation solutions integrate with finance systems and content management technology solutions to streamline overall financial management, increase visibility and optimise approvals processes. This enables Neocol to offer customers fully flexible automation software that is high in functionality and cost-efficient.

Steve Ellis, Managing Director at Neocol said: ”The alliance with Basware allows us to bring further value to our clients in the area of Enterprise Purchase to Pay. Increased automation means increased efficiency, giving our customers a transparent accounts payable process and enabling them to optimise financial processes and strengthen supplier relationships”

Paul Sandford, Channel Manager at Basware UK added: “Neocol meet the preferred Basware partner criteria: they have a strong customer base and have a solid understanding of financial and procurement processes”

Neocol and Basware have agreed to partner following their collaboration on a project to streamline the handling of publisher John Wiley and Sons’ supplier invoices, improving its overall financial management and boosting supplier relationships.

Neocol is a content consultancy that offers highly skilled Enterprise Content Management (ECM) and Business Process Management (BPM) experts to solve content management problems, turning unstructured content into valuable and realisable assets.

Basware
basware@contextpr.co.uk
www.basware.co.uk
Context Public Relations
www.contextpr.co.uk
01625511966

About Basware
Basware is the global leader in purchase-to-pay solutions with more than 1,200 customers and 650,000 users in over 50 countries around the world. Basware solutions automate business-critical financial processes and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented in Europe, the US, and Asia-Pacific through an extensive network of Basware offices and business partners.

In 2007, net sales reached EUR 73 million. The growth target for net sales for 2008 is 15–25%. Founded in 1985, Basware Corporation is a public company listed on the Nordic Exchange Helsinki. Headquartered in Finland, it has seven subsidiaries in Europe and one in the US. www.basware.com

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