New analyst report recognizes Basware capabilities with the highest scores possible in the Exception Handling, Fraud and Risk Management, and Tax Compliance and Operations criteria.

CHARLOTTE, N.C., July 8, 2024 /PRNewswire/ — Basware, a global leader in AP automation and invoice processing, has been recognized as ‘a Leader’ in The Forrester Wave™: Accounts Payable Invoice Automation, Q3 2024.

CFOs, business leaders and AP (accounts payable) professionals have long sought automated invoice processes. But only recently, with the advent of AI, has there been a significant shift in the space. Companies must offer superior AI capabilities, greater automation, and more comprehensive insights into financial and cash data to attract new customers and retain existing ones.

According to the Forrester report, Basware was named as a leader in its 31-criterion evaluation. The company received the highest scores possible across 16 criteria, including Exception Handling, Fraud and Risk Management, and Tax Compliance and Operations.

The Forrester Wave™ report states:

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“Basware heads the pack with a laser focus on automating the last mile of AP processes. As the largest specialist provider of APIA [Accounts Payable Invoice Automation] software, Basware has established itself as an APIA powerhouse with customer obsession, practical innovation, and solid execution. Its pragmatic product roadmap addresses critical client pain points related to compliance and fraud management.”

AP teams have been battling against external forces in recent years, such as macro-economic headwinds, the supply chain crunch, labor market shortages and expanding regulations, putting the squeeze on resources. To alleviate pressures, AP professionals need access to cost and time effective technologies that can manage increasingly complex business operations, support customers and always remain compliant with global regulations.

Nish Makwana, Finance Manager at Specsavers (customer of Basware), commented:  

“Being recognized as a leader in the Forrester report confirms the outstanding performance we’ve experienced as a customer of Basware’s AP automation and Statement Matching solutions.”

In recent months, Basware has furthered its commitment to innovation and delivering value to customers and the industry by:

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• Partnering with Deloitte to remove manual invoice processing and accelerate finance transformation
• Acquiring UK-based AP Matching to boost statement reconciliation
• Launching AP Protect to help protect organizations from the threat of invoice errors and fraud using AI

Jason Kurtz, CEO at Basware, commented:

“AP teams are tasked with managing thousands of invoices and payments every week, often putting a strain on resources and pushing them to balance speed with compliance. The answer to this challenge? Unified end-to-end APIA solutions. The industry has been calling for enhanced automated solutions to support AP departments, and we’re helping our customers save time and money, while remaining compliant with ever-changing global regulations. We believe that being named a leader sets us apart from our competitors. But we’re just getting started, and the best is yet to come.”

In 2023, Basware experienced one of its most successful financial years in its almost 40-year history. It expanded its market presence and added over 300 customers to its global portfolio of over 1000+ AP customers. During that period, Basware handled over 200 million invoices and $900 billion in invoice spend through its platform.

About Basware

Basware is how finance leaders in global enterprises can finally automate their complex, labor-intensive invoice processes and stay compliant with regulatory change. Our AP automation and invoicing platform helps you achieve a new level of efficiency – in a matter of months – while reducing errors and risks. We bring a unique combination of true automation, complete coverage, and deeper expertise to make it all just happen for our customers. That’s why the world’s most efficient AP departments at thousands of companies rely on Basware to handle over 220 million invoices per year. Basware. Now it all just happens.™

For more information visit: https://www.basware.com/en/

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BEIJING, July 8, 2024 /PRNewswire/ — On July 8^th, 2024, CKGSB Finance Professor Mei Jianping  published the latest MM Chinese Art Indices, evidencing changes in the popularity of the Chinese art market by analyzing repeated auction sales. Covering prices, sentiment, liquidity and popularity, the new set of figures takes our understanding of the Chinese art market prices up to Spring 2024.

The Indices cover artworks by over 400 Chinese artists from Greater China and overseas that have been repeatedly put up for auction between 1980-2024. The 2024 Spring Auction Index shows the Chinese art market remains in a period of consolidation, with a somewhat slowing downward trend. Chinese art continues to hold long-term investment value. As a physical asset, it is anti-inflationary in a world flush with liquidity. Therefore, with the development of China’s economy and the growth of worldwide Chinese wealth, Chinese art is expected to continue to receive interest from collectors and investors.

The MM Chinese Art Price Index rose from 1 to 9.5 between 2001-2023, a compound annual growth rate (CAGR) of 10.3%. The Index shows that in Spring 2024, auction prices fell 6.2%, continuing a downward trend after the pandemic, but at a slower rate. Due to the pandemic’s impact and a transitioning Chinese economy, the Chinese art market has entered a period of adjustment since reaching its peak in 2020, and will take some time to recover.

In Spring 2024, the MM Chinese Ink Painting Index rebounded strongly, breaking the downward trend since 2012, returning to its 2016 level and outperforming the MM Chinese Oil Painting Index. According to the MM Chinese Art Sentiment Index, in Spring 2024, collectors’ confidence recovered slightly, yet market sentiment remained relatively sluggish. T he MM Chinese Art Liquidity Index shows the highest liquidity artists in the last 25 years were Wu Guanzhong, Zao Wou-Ki and Lin Fengmian. In addition to the Individual Artist Price Index of Zao Wou-Ki, the indices launched a price index of Wu Guanzhong.

The Indices—co-developed by Mei Jianping, Michael Moses and Jiang Guolin—are the result of the popularity of Chinese art, rising to comprise 20% of the global art market. The indices offer systematic and comparable data to evaluate purchase decisions on Chinese art, a black box to many in the art investment world.

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WESTFORD, Mass., July 8, 2024 /PRNewswire/ — According to SkyQuest, the global Zero Trust Security Market size was valued at USD 25.5 billion in 2022 and is poised to grow from USD 31.6 billion in 2023 to USD 99.7 billion by 2031, growing at a CAGR of 15.5% during the forecast period (2024-2031).

Zero trust facilities provide secure access to cloud-based apps and data. Organizations need to develop robust data protection mechanisms to comply with stringent data privacy regulations such as the GDPR and CCPA. Companies using the mistrust policy are playing an increasing role in industries as a primary security system. The traditional range-based model is being abandoned. Large tech companies are buying security services without guarantees to improve security services.

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Zero Trust Security Market Overview:

Report Coverage Advertisement	Details
Market Revenue in 2023	USD 31.6 billion
Estimated Value by 2031	USD 99.7 billion Advertisement
Growth Rate	Poised to grow at a CAGR of 15.5%
Forecast Period	2024–2031
Forecast Units Advertisement	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Offering, Deployment, Authentication Type and End-User Advertisement
Geographies Covered	North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights	Updated financial information / product portfolio of players
Key Market Opportunities Advertisement	Increasing Adoption of Cloud Technology
Key Market Drivers	Increasing Number of Cyber Threats and Data Breaches

Segments covered in Zero Trust Security Market are as follows:

• Offering
  • Software, Service
• Deployment
  • Cloud, On-premise, Multi-Cloud/Hybrid
• Authentication Type
  • Multi-Factor Authentication, and Single-Factor Authentication
• End-User
  • IT and Telecom, BFSI, Manufacturing, Healthcare, Energy and Power, Retail, Government, Other Industries

Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/zero-trust-security-market

BFSI Sector: Verifying Endpoints with Confidence

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The BFSI sector is optimal for implementing zero trust security solutions, as being the segment most susceptible to such threats and subjected to strict legal restraints. BFSIs have identified key factors to explain why who must invest in cybersecurity, such as the increasing number of ransomware attacks, regulations and forced labor. In short, remote employees and third parties also have additional information as it is difficult to express themselves. The introduction of zero trust security market is accelerating in this sector due to widespread adoption.

Healthcare organizations are now rapidly adopting trustless security, as the need for improved access control and protection of patient data is essential. Lack of trust through a minimum privilege policy make it possible for doctors to access all patient records simultaneously. This access is the important one as it is often the target of cybersecurity threats so issues with patient data being breached security and industry compliance makes healthcare one of the fastest growing markets for trust-free security solutions.

Empowering Multifactor Authentication Segment: Zero Trust Security for Every Role

A key segment in the zero trust security market is multifactor authentication. Companies such as Microsoft, Google and the industry identified the most reliable way to deal with security attacks as Multi-Factor Authentication (MFA) with a ranking of 99. It also found that 9% of automated bot threats have been blocked for therefore it established its trust to enhance security. This great success rate of zero trust security encourages the use of MFA as an important prospective means of constantly obtaining and verifying its authorization. MFA is gaining popularity among organizations for mitigating new and improved threats as its adoption helps expand the zero security market among organizations to protect their valuable assets.

The single-factor approach uses only one credential for authentication, such as a password or OTP as opposed to a username. In this authentication mode, it is important to use a combination of letters, cases, numeric values and symbols to ensure that a strong password is created because this creates difficulties and time for hackers to use permutations and combinations.

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Fortifying the Future: The Impact and Promise of the Zero Trust Security Market

The future of the uncertainty-free security market is promising, driven by continued technological advancement and increased awareness of cyber threats. Emerging technologies such as artificial intelligence, machine learning and behavioral analytics enhance the power of trustless solutions, making them more flexible and intelligent.

As cyber threats evolve, reliance on imperfect modeling will play an important role in future proofing and cybersecurity measures, all firmly designed to ensure that organizations are protected. The zero trust security market is poised to redefine the cybersecurity landscape.

Related Report:

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Cyber Security Market

Network Security Market

Endpoint Security Market

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About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: [email protected]
Visit Our Website: https://www.skyquestt.com/

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