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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VICTORIA, Seychelles, March 31, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, confirms the upcoming listing of GUNZ (GUN) on March 31, 2025(UTC). To celebrate this listing, MEXC is launching a special event with a prize pool of 180,000 USDT for new and existing users.
GUNZ (GUN) is a Layer-1 blockchain developed by Gunzilla Games, designed to power AAA Web3 gaming. Originally created to support the community-driven economy for Gunzilla’s flagship title, Off The Grid (OTG), GUNZ has evolved into a full-featured platform offering blockchain-native infrastructure essential for modern game development. By leveraging blockchain technology, GUNZ aims to provide both developers and players with the tools needed for a decentralized, secure gaming ecosystem.
To celebrate the listing of GUNZ (GUN) on MEXC, the exchange has launched an exclusive Airdrop+ event with substantial rewards for participants:
Event Period: Mar 28, 2025, 11:00 (UTC) – Apr 11, 2025, 11:00 (UTC)
Benefit 1: Deposit and share 90,000 USDT in Futures bonus (New user exclusive)
Benefit 2: Spot Challenge — Trade to share 10,000 USDT in Futures bonus (For all users)
Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 4: Invite new users and share 30,000 USDT in Futures bonus (For all users)
The listing of GUNZ (GUN) not only broadens MEXC’s asset portfolio but also underscores MEXC’s first-mover advantage in bringing innovative blockchain projects to its users. MEXC has solidified its position as an industry leader through its efficient asset listing strategy and broad selection of trend tokens. In 2024, MEXC introduced 2,376 new tokens, with 1,716 of those being initial listings.
According to the latest TokenInsight report, MEXC leads the industry with the highest number of spot listings at 461 and the fastest listing speed. Additionally, the exchange consistently adds new tokens in bi-weekly cycles, showcasing its exceptional ability to quickly capture market trends.
MEXC will continue to provide users with early access to promising projects, while leveraging platform advantages such as low fees, deep liquidity, and daily airdrops to ensure an optimal trading experience.
For full event details and participation rules, please visit here.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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Fintech PR
Precisely Acquires DTS Software, Adding Mainframe Storage Optimization Software to Data Integrity Portfolio
Acquisition combines decades of mainframe expertise to provide enterprises with enhanced value and greater efficiency
BURLINGTON, Mass., March 31, 2025 /PRNewswire/ — Precisely, a global data integrity provider, announced today the acquisition of DTS Software, a global mainframe storage optimization software provider. This acquisition underscores Precisely’s commitment to delivering innovative, end-to-end solutions for optimizing the integrity and value of enterprise data, whether it resides in cloud, on-premises, or hybrid environments.
“The addition of DTS Software to Precisely is a strategic step in expanding our mainframe optimization offerings and expertise,” said Josh Rogers, CEO, Precisely. “This acquisition reinforces our commitment to providing complete solutions that ensure data integrity across every stage of an organization’s data journey. DTS’s technologies are a natural fit with our IBM mainframe solutions that enable enterprises to drive new levels of efficiency while meeting the demands of data-driven decision-making.”
DTS has established itself as a trusted innovator in mainframe storage management, providing organizations with tools to manage, automate, and optimize their data storage infrastructures. The company’s solutions are used by large global enterprises across a wide range of industries, including insurance, banking, financial services, and retail, to maximize storage performance and optimize operational efficiencies.
“Joining Precisely opens an exciting new chapter for DTS,” said Mati Szeszkowski, Founder & CEO, Norland Capital and DTS Software investor. “We are united by a shared commitment to empowering enterprises with tools that simplify the complexities of managing data. For the thousands of leading enterprises that run on mainframes, this means providing highly differentiated solutions for efficiently navigating the challenges of rapid data growth and evolving infrastructure requirements.”
According to a 2024 Forrester report, “among global infrastructure hardware decision-makers, 61% said that their firm uses a mainframe. Of those that use mainframes, 54% indicated that their organization would increase its use of a mainframe over the next two years.”
Precisely has decades of experience in mainframe system optimization and leads the market with solutions that enable teams to access and integrate complex mainframe data into modern data platforms and IT systems. The addition of DTS Software’s storage management products to Precisely’s already robust portfolio offers even more to organizations who rely on the mainframe for critical business systems.
To learn more about Precisely, please visit www.precisely.com.
About Precisely
As a global data integrity provider, Precisely ensures that your data is accurate, consistent, and contextual. Our portfolio, including the Precisely Data Integrity Suite, helps integrate your data, improve data quality, govern data usage, geocode and analyze location data, and enrich with complementary datasets for confident business decisions. Over 12,000 organizations in more than 100 countries, including 93 of the Fortune 100, trust Precisely software, data, and strategy services to power AI, automation, and analytics initiatives. Learn more at www.precisely.com.
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Fintech PR
Finastra introduces enhancements to LaserPro, adds customer benefits to the cloud solution
More than 75 banks and credit unions have moved to the system’s cloud model since its launch, benefitting from the new features after fast migration times
LAKE MARY, Fla., March 31, 2025 /PRNewswire/ — Finastra, a global provider of financial software applications, announced its leading cloud-based loan document preparation system, LaserPro, is now offering enhanced features and is seeing widespread adoption by community-based financial institutions.
Since its launch, LaserPro has implemented valuable enhancements to its cloud version, including the following:
- AI Assistant applies Large Language Models (LLMs) to Finastra’s extensive knowledge database to answer specific user questions, bridging the lending and compliance knowledge gap while saving users time and increasing efficiency.
- Small Business Administration (SBA) Document Management streamlines workflows and facilitates faster approvals of small business administration program loans. Additional key features include elimination of duplicate data entry, ability to tailor requirements, a comprehensive design that supports the documents needed for a wide variety of SBA programs, and resiliency provisions.
- Geocoding provides enhanced data accuracy by converting addresses into geographic coordinates, improving the efficiency of location-based data, which can be crucial for compliance and reporting purposes. It also supports improved risk assessments, enhanced customer insights, and enables regulatory compliance.
- Commercial Applications helps financial institutions manage commercial loans more effectively, enabling accuracy, compliance, and efficiency. Features include comprehensive loan documentation, customizable workflows, collateral management, regulatory compliance support, integration with core systems, and a user-friendly interface.
- Advanced Additional Provisions streamlines the document management process and improves accuracy. It includes customizable clauses, automated insertion, version controls, and template management. These features help increase efficiency, accuracy, and consistency during the document management process.
Boosted by these enhancements, Finastra clients across the US are migrating LaserPro from on-premise installations to the cloud, choosing to take advantage of its many benefits to better serve their customers and improve back-office processes. Migrations to the cloud solution can be concluded in around three hours, with some financial institutions completing the process in 30 minutes or less.
“With LaserPro in the cloud, we’re able to drastically reduce our IT expenses and streamline processes with automatic system updates,” said Jeff Forsgren, Chief Lending Officer, Members Trust of the Southwest Federal Credit Union. “As our credit union evolves and grows, LaserPro’s cloud-based solution enables us to create and customize lending documents, easily access what we need from a single dashboard, and focus on the member experience thanks to the automation and scalability the platform provides.”
By migrating LaserPro to the cloud, smaller financial institutions such as community banks and credit unions can operate more profitably and with increased competitive focus, enabled by lower total cost of ownership, increased resilience, and the ability to grow without constraints. LaserPro Connect, for example, makes it possible for financial institutions to integrate LaserPro with third-party loan origination systems, for faster and more efficient performance. Since users do not need to add servers or new licenses, financial institutions can easily scale, implement new users as necessary, and seamlessly handle increasing commercial, mortgage, and consumer loan volumes to propel profitability.
“Financial institutions across the US are recognizing the benefits of cloud migration in order to keep pace with larger banks and alternative lenders,” said Mitch Lucas, Head of Retail Lending at Finastra. “As our industry continues to progress, Finastra is pleased to offer customers the tools they need to create an enhanced user experience powered by improved back-office processes. With LaserPro in the cloud, financial institutions are ready for anything that comes next, with easy cloud-based integrations designed to connect digital lending processes end-to-end.”
To learn more about the solution, attend Finastra’s webinar, “Unlock the power of LaserPro cloud to streamline your loan documentation process,” on April 3, 2:00 p.m. – 3:00 p.m. EDT.
About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of open finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.
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