Fintech PR
Basware Named a Leader in Inaugural Gartner Magic Quadrant for Accounts Payable Applications
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:
- 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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JERICHO, N.Y., April 8, 2025 /PRNewswire/ — Global consulting firm J.S. Held elevates hundreds of team members across multiple geographies and areas of expertise. “These team members exemplify our core values and commitment to delivering unrivaled expertise, unparalleled client service, and to be catalysts for change in our industry,” shares Marjan Panah, J.S. Held Chief People Officer.
Concurrently, J.S. Held recognizes the work of more than 1500 experts who serve as trusted advisors to organizations across six continents, working with:
84% of the Global 200 Law Firms
75% of the Forbes Top 20 Insurance Companies
90% of the NAIC Top 50 Property & Casualty Insurers
71% of FORTUNE 100 Companies
Chief Executive Officer Lee Spirer acknowledges, “J.S. Held was founded on the principle of being a trusted advisor, known for objective and insightful perspectives and ensuring clients are in a position to make well-informed decisions.”
Technical and scientific experts are trusted advisors to organizations facing high-stakes situations requiring specialized expertise. J.S. Held experts in construction; environmental, health, and safety; architecture & engineering; accident reconstruction; human factors & user research; equipment, materials analysis, and lab testing; and property & infrastructure damage provide a comprehensive suite of services that enable clients to navigate complex, contentious, and often catastrophic situations across the globe.
J.S. Held experts deliver financial & investigative expertise across all assets and value at risk – uncovering the truth behind the numbers in insurance claims & financial disputes, quantifying economic damages, bringing clarity to tangible and intangible asset valuation, conducting investigations, advising on corporate governance & regulatory compliance, and providing enterprise risk management solutions.
J.S. Held’s strategic advisory experts help clients overcome complex enterprise challenges and realize long-term, sustainable business value through actionable & timely business intelligence; operational performance improvement; interim management; capital raising; turnaround & restructuring; IP portfolio valuation, monetization, and management; transaction advisory; investor services, dispute advisory, and by addressing the triple bottom line – people, profit, and planet – throughout their sustainability/ESG journey.
The firm’s digital & data experts work with businesses, insurance professionals, and legal counsel to identify and mitigate risk, build resiliency, protect information, manage compliance, realize business value from their data and digital assets, process and analyze large volumes of information, conduct digital investigations, respond to cyber incidents, navigate litigation, and achieve successful digital transformation outcomes.
“From every corner of our business, agile, collaborative, creative, and client-centric teams provide solution-forward advisory to clients across the globe, no matter the scope or complexity of a project, which is reflective of the trusted advisor role we have earned over the last 50 years,” adds Lee.
With a strong belief that client service and employee engagement are synonymous, J.S. Held remains committed to providing a first-class work environment and cultivating a sense of community among its team. J.S. Held recognizes the importance of expert development at all levels within the organization as central to delivering the best solutions for their clients. Marjan shares, “These promotions reflect our commitment to fostering a culture that values and rewards expertise, collaboration, and innovation.”
About J.S. Held
J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
Verdantix, in their Green Quadrant: Enterprise Risk Management Consulting Services (2025) report, benchmarks 15 of the most prominent enterprise risk management (ERM) advisors, identifying global consulting firm J.S. Held among the leading companies based on capabilities and momentum.
J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC, or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.
Kristi L. Stathis | Global Public Relations | +1 786 833 4864 | Kristi.Stathis@jsheld.com
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MADRID, April 8, 2025 /PRNewswire/ — Eliance Group, a global leader in the provision of specialized aviation services, has announced that Swiss Life Asset Managers has acquired a significant majority stake in the company through its Swiss Life Global Infrastructure Opportunities Growth II fund. The current shareholder, RiverRock, will continue as a minority investor in the company’s capital, retaining its commitment to Eliance’s growth.
This strategic move strengthens Eliance’s financial capacity to expand in the key markets of Spain, Italy and Croatia by providing capital for growth and consolidating its current leadership position in sectors such as firefighting, medical transport and rescue operations.
Since its foundation in 1958 in Madrid, Eliance has evolved from a provider focused on firefighting to a leading player in the emergency air services sector, with an integrated business model and European presence. The company has a varied fleet of fixed and rotary wing aircraft and stands out as one of only two companies accredited for Airbus maintenance in Spain.
Eliance’s success is also based on its remarkable track record of international expansion and winning government contracts. Recently, the firm has expanded its global presence by acquiring Italian operator EliFriulia and starting operations in Croatia to meet the growing demand for helicopter emergency medical services in these geographic areas.
Matthew Dooley, Director Value-Add Infrastructure, Swiss Life Asset Managers, said, “AES’s business model is characterized by its core nature, strong cash flow stability and asset weight. These are all key characteristics of the infrastructure we seek as part of our value-added investment strategy. We are delighted to be working with the Eliance management team to continue to leverage the strong growth potential of the business.”
“We are excited to welcome Swiss Life Asset Managers as a new shareholder of Eliance. Their collaboration represents a significant milestone in our journey, which began in 2021, and has led Eliance to become a leader in air emergency services in Southern Europe. The strength and reach of Swiss Life Asset Managers further underscore Eliance’s appeal and the industry’s attractiveness to infrastructure investors. Their support will be instrumental in driving Eliance’s next phase of growth and enabling the company to play a key role in consolidating the European market,” commented Alessandro Graziano, Chief Investment Officer at RiverRock.
For their part, Juan Carlos Martínez, CEO of the group, and Fernando Gallardo, group CFO at Grupo Eliance, added that “Swiss Life Asset Managers’ investment in Grupo Eliance not only strengthens our financial framework, but also ensures the stability needed to drive our continued growth in an industry that increasingly requires significant investments. This strategic partnership positions us to enhance our profitability and continue our expansion.”
Lazard served as the sole financial advisor to Eliance during this transaction, contributing their expertise to secure an investment that supports Eliance’s operational sustainability and growth.
Media contact:
Blanca Ahijado
+34 635 577 750
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Fintech PR
OMRON and Cognizant Partner to Revolutionize Manufacturing with Unique One-Stop IT-OT Integration
- Balancing economic and social value for the future of manufacturing through advanced technologies.
- Promoting sustainable manufacturing by enhancing workforce efficiency, boosting productivity, and minimizing greenhouse gas emissions.
- Empowering people through data-driven decision making with manufacturing intelligence, AI & automation and digitalization.
STUTTGART, Germany, April 8, 2025 /PRNewswire/ — OMRON Corporation (TSE:6645) and Cognizant (NASDAQ:CTSH) have signed a strategic partnership to integrate Information Technology (IT) and Operational Technology (OT) in the manufacturing industry. The collaboration includes Cognizant being chosen as the engineering partner for OMRON’s Industrial Automation Business (IAB) products.
OMRON, known for its advanced automation technology, and Cognizant, with expertise in IT-OT convergence, will offer a unique, one-stop solution for digital transformation. The partnership combines OMRON’s OT products, such as sensors, controllers, servo motors, safety equipment and robots, with Cognizant’s IT capabilities, including cloud, AI, IoT, and digital twin technologies.
Through this collaboration, the companies provide a distinctive capability to achieve flexible and agile operational excellence. This includes consultancy, on-site implementation, operation, and maintenance. Target sectors for the joint capability include Automotive, Semiconductor, Electronics, Industrial Manufacturing, Life Sciences and Consumer Goods industries.
Combining the capabilities of both companies, OMRON and Cognizant strive to establish a unique business model that addresses on-site and management issues through continuous IT-OT analysis and improvements. This IT-OT integration will leverage both companies’ strengths to help promote sustainable manufacturing, enhancing productivity, improving workforce efficiency and lowering greenhouse gas emissions.
OMRON’s broad product lineup (more than 200,000 SKUs) gathers high-quality field data for Cognizant’s Asset Performance Excellence (APEx) platform and its Industry 4.0/5.0 maturity assessment tool OnePlant™. This data, combined with management information, helps analyze IT-side issues and prioritize improvements from a management perspective. Results can be fed back via OMRON’s control application and the i-BELT data utilization service, working with customers to address on-site challenges linked to management issues in a comprehensive manner.
“OMRON is the only manufacturer of control equipment in the world that owns all the equipment used in the production line. Cognizant, on the other hand, is one of the world’s leading global IT services companies supporting the digital transformation of a wide range of industries with advanced digital technologies such as AI, IoT, and cloud,” said Junta Tsujinaga, CEO of OMRON Corporation. “Through this partnership, we will promote the integration of IT and OT to solve urgent issues faced by manufacturing sites, such as significantly improving productivity, reducing operational losses, and speeding up management decisions. The two companies will work together to promote sustainable cutting-edge manufacturing of the future.”
“Clients are looking for a Strategic Partner with deep industry and domain expertise, end to end capabilities and the ability to manage complex technologies at various layers of digital factory,” said Ravi Kumar S, CEO of Cognizant. “We are excited to partner with OMRON in taking integrated value propositions and capabilities to transform manufacturing for our clients globally. OMRON’s expertise in OT data and systems, combined with Cognizant’s digital manufacturing and IT/OT integration capabilities, will enable manufacturers to make quicker, more reliable decisions using real-time data. Together, we are committed to advancing manufacturing by leveraging emerging technologies and integrating IT and OT systems to realize a state of manufacturing in the future that is connected, intelligent, autonomous, sustainable, and resilient,” he added.
About OMRON Corporation
OMRON Corporation, as a leading automation company with its unique “Sensing & Control + Think” technology at its core, is engaged in control equipment, healthcare, social systems, and electronic components. The company is also developing a data solution business that utilizes a wide variety of data acquired through these businesses. Founded in 1933, OMRON now employs approximately 28,000 people worldwide and provides products and services in more than 130 countries, contributing to the creation of a better society. For more information, https://www.omron.com/jp/ja/ please visit: OMRON Global
About Cognizant
Cognizant (Nasdaq-100: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life.
See how at www.cognizant.com or @cognizant.
For media inquiries, please contact:
OMRON: Global Corporate Communications and Engagement – Ankur Bhat, ankur.bhat@omron.com ; +81-75-344-7175
Cognizant: GlobalPR@cognizant.com
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