Basware, a prominent information and communication technology (ICT) vendor, relies on a network of sales channel partners to sell and distribute its offerings across its customer base, without relying on direct sales. According to proprietary analysis in GlobalData’s Basware Partner Ecosystem Profile, the business process applications, consulting services, and business process outsourcing categories account for 77.9% of the total partner engagements, as of March 2024. Buy the profile here.Buy the profile here.
Basware Corp (Basware) is a provider of networked purchase to pay and e-invoicing solutions. It offers financial solutions and related services through its cloud-based platform. The companys services include AP automation, strategic sourcing, e-procurement, financial services, epayment, consulting Services, advisory services, network services, AI and machine learning, accounts payable, account receivable, analytics, source to pay and support services. Basware Corp offers cloud- based technology to enable organizations to manage speed, mitigate financial risk and reduce the cost of operations through automation. It carries out its business operations across the Americas, Europe, Nordics and Asia-Pacific. Basware is headquartered in Espoo, Uusimaa, Finland.
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As depicted in the chart above, Basware's partner engagements are focused on serving clients across Western Europe, which accounted for 67.3% of their overall partner engagements, followed by North America with a share of 30.6%, according to GlobalData's report.
Financial markets, construction, and government emerged as the top three industry verticals, that Basware is focusing on serving via its partners. These verticals together contributed 21.4% of the total vertical-specific partner engagements, with financial markets leading the partner engagement distribution with a share of 7.7%.
The table below covers prominent partners of Basware based on GlobalData's proprietary scoring framework, which analyzes partner engagements on multiple parameters including revenue band, employee band, partnership certification, partner vertical and geography focus, among others. The majority of Basware 's partners belong to the "Reseller" application category.
GlobalData's Partner Network Database tracks and evaluates the partner ecosystem for over 450 ICT vendors, across 29 industries, 18 ICT solution areas, and 7 regions using a proprietary partner scoring framework. To uncover and analyses the partner network for other leading ICT vendors, access GlobalData's proprietary partner ecosystem profiles below:
- Dynamic Yield
- ExtraHop Networks
- Embarcadero Technologies Inc
- Grafana Labs
- CollabNet
- MicroStrategy
- Temenos
- Skyward Inc
- Flexera Software LLC
- Palo Alto Networks Inc
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Partner Network Database tracks partner ecosystem of IT vendors. The database offers granular details on official partners of the IT vendors spread across the geographies. This analysis considers only partners details that are sourced from company website, press releases, CXO commentary from the publicly available sources and excludes all terminated and rumoured partner deals.
