To Basware, recognition underscores expertise in AI-driven finance with Invoice Lifecycle Management powered by 40 years of innovation 

HELSINKI and CHARLOTTE, N.C., March 24, 2025 /PRNewswire/ — Basware, the global leader in Invoice Lifecycle Management, has been named a Leader in the first Gartner® Magic Quadrant™ for Accounts Payable Applications. For Basware, this exemplifies its commitment to continuous innovation for the office of the CFO – delivering an end-to-end invoice lifecycle solution that spans from network and invoice ingestion to statement reconciliation and recovery services.  

As the Accounts Payable (AP) automation market is set to grow at a 12.8% CAGR through 2030, businesses are under increasing pressure to embrace digital transformation and AI, while e-invoicing compliance mandates, sophisticated fraud threats, and the shift to cloud-based ERP systems are reshaping finance operations. These pressures are compounded by squeezed budgets, making efficiency and automation critical for financial resilience. Basware empowers organizations to address these challenges head-on.  

Redefining AI-driven, end-to-end Invoice Lifecycle Management, Basware is powered by the largest, open e-invoicing network and unmatched data insights, strengthening the most complex financial operations worldwide. This is done through intelligent automation, stemming from Basware’s ability to handle all invoices, everywhere in any format, along with offering full compliance and complete control of the entire invoice lifecycle process.  

Unlike any other market solutions, Basware provides full visibility and a single source of truth across all invoices on its platform. The result is lower operating costs, compliance and fraud protection, optimized working capital, talent development and retention, and better decision making.  

More than 6,500 customers across the globe including DHL, Heineken, and Sony have selected Basware’s Invoice Lifecycle Management to streamline invoice processing, enhance compliance, reduce costs, and gain full visibility and control over their operations. Collectively, customers have processed more than 2 billion invoices totaling more than $10 trillion in invoice spend through Basware, leveraging its automation and AI-driven insights to drive efficiency. 

Jason Kurtz, CEO at Basware, commented:  
Basware is redefining how finance teams operate – eliminating inefficiencies, ensuring compliance, and delivering AI-driven insights so CFOs can make smarter, faster, strategic decisions. We believe that being named a Leader in the first Gartner Magic Quadrant for Accounts Payable Applications is a testament to our relentless commitment to driving value in AP automation. After 40 years of innovation, we’re still leading the charge to make the invoice lifecycle process 100% touchless, 100% compliant, and 100% protected.”  

Examples of customer achievements made possible with Basware include: 

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• INNIO seamlessly implemented AP automation at speed after a private equity buyout while simultaneously delivering millions in annual savings. 
• Billerud leveraged AI and machine learning to modernize invoice processing, reducing total invoice costs by 25%. 
• Huntsman saved nearly $9 million in duplicate payments and errors. 
• Heineken achieved 100% automation and a 95% compliance rate, a powerful foundation for its upcoming SAP S/4 HANA ERP migration slated for 2027. 

Robert-Jan Van Looy, Senior Process Expert Purchase to Pay at Heineken, a Basware customer, shared:  

“We are pleased to see Basware recognized as a Leader in the Gartner Magic Quadrant. This validates our decision to partner with Basware in delivering on our Evergreen strategy to become the Best Connected Brewer.”  

Basware’s recognition as a Leader in the Gartner Magic Quadrant comes on the heels of key innovations, including the launch of Basware Insights, advancements in GenAI, and the introduction of AP Assurance, an integrated fraud protection and statement reconciliation solution. This also follows recognition from other major industry assessments, including Basware being named a Leader in The Forrester Wave™: Accounts Payable Invoice Automation, Q3 2024, being featured in the IDC MarketScape: Worldwide Accounts Payable Automation Software for Large Enterprises 2024, and peer-recognized as a Customers’ Choice in the 2023 Gartner Peer Insights™ ‘Voice of the Customer’: Procure-to-Pay Suites.  

A complimentary copy of the Gartner® Magic Quadrant for Accounts Payable Applications report is available HERE. 

Gartner Disclaimer: 
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. 

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. 

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose. 

*40 Years of AP Innovation  

+++++Over the past year, Basware has reinforced its platform with key innovations including: 

• Basware Insights – Gen AI-driven insights, developed specifically for the needs of finance and shared services. 
• Touchless Invoice Processing Discovery Dashboard – a dashboard that monitors and optimizes the touchless rate of AP processes, reducing complexities and risk across receiving, matching, workflow and transfer. 
• Smart Coding – a market leading, AI-driven coding engine that automates non-PO invoice coding, reducing manual effort and improving accuracy 
• AP Protect – an AI-powered solution that helps finance teams protect against the threat of profit loss, invoice errors and fraud. 

About Basware 

Basware is how the world’s best finance teams gain complete control of every invoice, every time. Our Intelligent Invoice Lifecycle Management platform ensures end-to-end efficiency, compliance and control for all invoice transactions. Powered by the world’s most sophisticated invoice-centric AI – trained on over 2 billion invoices – Basware’s Intelligent Automation drives real ROI by transforming finance operations. We serve 6,500+ customers globally and are trusted by industry leaders including DHL, Heineken and Sony. Fueled by 40 years of specialized expertise with $10 trillion in total spend handled, we are pioneering the next era of finance. With Basware, Now it all just happens.™ 

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STOCKHOLM, March 24, 2025 /PRNewswire/ — Metacon AB (publ) communicated 4 March 2025 that we had been appointed as supplier for an additional 20 MW hydrogen production unit for the Motor Oil (Hellas) Corinth Refineries S.A. (Motor Oil) planned 50 MW electrolysis plant in Corinth, Greece. The main contract package has now been finally signed by both parties. Assembly of the plant takes place in Metacon’s factory in Patras, Greece and and the majority of this add-on contract will be delivered in combination with the ongoing 30 MW project. When operational, the plant will be one of the biggest electrolysis-based hydrogen production plants in Europe to date.

The Motor Oil Group’s refinery, located in Ag. Theodoroi in Corinth is the largest private industrial complex in Greece and is considered one of the most modern refineries in Europe. Like the previously announced 30 MW contract, the additional 20 MW electrolysis units will be partly assembled in Metacon’s factory in Patras, Greece and Motor Oil will be responsible for on-site installation in Corinth, under the guidance and supervision of Metacon and PERIC. The project is also conducted in close collaboration with Metacon’s technology partner Siemens.

Motor Oil has communicated comprehensive plans for hydrogen in Greece. Besides the build-up of large-scale electrolysis-based production for ongoing and new operations, Motor Oil is championing an EU-supported Hydrogen Valley project as well as initiating build-up of hydrogen refueling stations in Greece.

Metacon is proud to support Motor Oil in their efforts and investments in fossil-free hydrogen as a way of upgrading operations and contributing to a more environmentally friendly society. The combined 50 MW contract with Motor Oil marks an important milestone in Metacon’s strategy towards enabling affordable large-scale industrial hydrogen production locally for our clients in Europe and beyond.

“I am pleased to be able to announce finalisation of this important contract with the refinery leader Motor Oil. The 50 MW hydrogen production plant in Corinth will be one of the largest in Europe,” commented Christer Wikner, CEO and President, Metacon.

For further information, please contact Christer Wikner, on 0707-647389 or e-mail info@metacon.com

This information is information that Metacon AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 24 Mar 2025 14:58 CET.

About Metacon AB (publ)

Metacon AB (publ) develops and manufactures energy systems to produce fossil-free “green” hydrogen. In the Electrolysis business unit and in close partnership with world leader PERIC Hydrogen Technologies, Handan, China, Metacon offers complete electrolysis plants for large-scale production of hydrogen. Metacon also offers production-integrated hydrogen refueling stations, a globally growing area within clean transport. The products in the Reforming business unit are based, among other things, on Metacon’s patented HIWAR® technology that generates hydrogen through catalytic steam reforming of biogas or other hydrocarbons such as bioethanol. The development of Metacon’s reforming products is carried out within the wholly owned subsidiary Metacon S.A. in Patras, Greece. The business is focused on catalytic process chemistry and advanced, compact reformers for high-efficiency hydrogen production. www.metacon.com

About Motor Oil (Hellas)

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Motor Oil Group is a diversified and  integrated energy provider in Southeastern Europe. Based in Greece it exports to over 70 countries. It has more than 100 individual companies and directly employs more than 4000  workers. More than 1,500 gas stations operate with the emblems of Motor Oil’s subsidiary companies, in Greece, as well as in foreign countries. The company plays a leading role in the sectors of crude oil refining – with one of the most complex refineries in Europe – as well as marketing of petroleum products  The Group has also established significant presence within the power sector in Greece and the wider region. It generates sustainable and affordable power by operating a scaled and rapidly growing portfolio of renewable generation assets. It is also one of the leading suppliers of electricity, energy efficiency and electromobility services in Greece. It has also established a diversified circular economy platform, active across waste and wastewater management, biowaste collection, recycling, energy from waste and lubricants regeneration.  https://www.moh.gr/

For further information please see:
www.metacon.com | X: @Metaconab | LinkedIn: www.linkedin.com/company/metaconab

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SINGAPORE, March 24, 2025 /PRNewswire/ — AB DAO has announced that AB will officially be listed on Gate.io, a globally recognized digital asset trading platform, at 19:00 (UTC+8) on March 29, 2025. As one of the top 10 comprehensive exchanges by global trading volume, Gate.io boasts a vast international user base and strong asset support capabilities. The listing of AB on Gate.io marks a new stage in AB DAO’s global ecosystem expansion and will significantly enhance AB’s liquidity and brand presence in the global market.

At the same time, Gate.io will launch the “Trade AB to Win Airdrop” event, where users who complete trades will qualify for rewards.

 Event Time: March 29, 2025, 18:00 – April 3, 2025, 18:00 (UTC+8) 
 Official Listing Announcement: https://www.gate.io/announcements/article/44047

About AB Trading Pair
 Trading Pair: AB/USDT
 Trading Start Time: March 29, 2025, 19:00 (UTC+8)

AB DAO Global Ecosystem Continues to Expand
 $AB is currently available for trading on the following exchanges:
 Bitget, HTX, MEXC, Gate, BingX, BitMart, Lbank, Hotcoin, UEEx, 4E
 Upcoming Listings: Biconomy, DigiFinex, BTSE, WEEX

The listing of AB on Gate.io is a crucial step in AB DAO’s globalization roadmap. In the near future, AB will be listed on more exchanges, expanding its ecosystem applications and accelerating global adoption.

AB DAO’s Vision: Empower 100 Million People Worldwide to Hold $AB!

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