Technology

Basware Announces Major Global Expansion Drive as Bookings Grow 52% in 2023

Published

7 months ago

February 20, 2024

CHARLOTTE, NC and LONDON, Feb. 20, 2024 /PRNewswire/ — Basware, a global leader in AP automation and invoice processing, has announced major global expansion plans as Bookings rose 52 per cent and Recurring Revenue Growth accelerated year-over-year (YoY) in 2023.

In 2023, Basware acquired Glantus alongside expanding its footprint globally, including markets such as APAC and Southern Europe. Basware has ambitious plans to continue its expansion across the US, Europe and APAC with further investment in customer growth, AI innovation, compliance and fraud prevention expected this year.

Last year, the company made several key hires including Jason Kurtz as CEO to lead the company’s growth strategy. Basware also welcomed Steve Canning as Chief Revenue Officer and Mark Johnston as Chief Customer Success Officer to drive growth and value for customers throughout the sales and customer cycle.

Over 2023, following a rebrand and focus on AP (accounts payable) automation, Basware expanded with more than 100 high-profile brands including DHL Express and Alstom, while adding to its global portfolio of 900+ AP customers. It maintained a customer retention rate of 97.4 per cent, for brands that saw value to remain a Basware customer. In 2023, Basware handled over 220 million invoices and $900bn in invoice spend through its platform.

Basware continued to deliver innovative product solutions in 2023, including SmartPDF with AI Instant Learning that trains AI to recognize exception invoices, an AP Team Performance Discovery dashboard to better manage AP workload, and generative AI customer service tool AskMary.

For almost 40 years, Basware’s AI-enabled AP automation and invoice processing platform has empowered Chief Financial Officers and finance teams at enterprise organisations such as HP and Mercedes-Benz to automatically handle invoices, greatly reducing processing time while boosting accuracy and compliance. With increasing compliance demands for financial teams, Basware helps customers keep up with regulatory mandates and e-invoicing requirements in specific markets around the world.

In 2023, Basware was recognized as a Gartner Peer Insights™ Customers’ Choice for Procure-to-Pay Suites based on customer reviews.

Jason Kurtz, CEO at Basware, said:
“Our commitment to supporting the office of the CFO continues to be a driving force behind Basware’s expansion. Last year, we had one of the most successful financial years in Basware’s 40-year history, and what’s most satisfying about our accomplishments is the positive feedback we’ve received from our customers. Whether it’s Gartner’s Peer Insights or the direct comments we receive about our enhanced customer experience, we are thrilled that the changes we’ve made are positively impacting our customers and we know that the best is yet to come.”

“Basware’s focus for 2024 centers on supporting enterprise businesses to elevate their finance processes to best practice levels and create value by meeting the ever-changing regulatory needs of financial teams. With our partner first strategy, we are fully aligned to showcase the quantifiable business value of Basware’s solutions, and our strategy continues in enabling all of our customers to be 100 per cent touchless in their AP departments.”

To drive further growth, Basware has developed a partner first strategy, bolstered by the appointment of Kevin Farrell in 2023 as SVP, Business Development and Alliances. Its strategy will drive innovation for finance teams at enterprises through Basware’s collaboration with professional services firms, financial consultancies and value-added resellers. To enable this strategy, Basware is undertaking a modernization of its knowledge management and e-learning tools to ensure integrated knowledge flows across its organisation and partner ecosystem.

Services to prevent fraud and ensure compliance are another core pillar of Basware’s growth plans in 2024. It acquired Glantus in October 2023 and expanded its AI-driven overpayment and fraud detection capabilities to alleviate the pressures for over 70 per cent of businesses subject to invoice or payment fraud each year.

Basware became a privately-held corporation in 2022 in a go-private transaction led by software private equity firm Accel-KKR.

Dean Jacobson, Chairman of the Board at Basware, and Managing Director at Accel-KKR, commented:
“The finance function is central to every business, and continues to be more complex as businesses grow. Technology is vital in providing CFOs and their finance teams with the scale, speed and accuracy required to meet business demands. Basware is well on its way in fulfilling a mission to be indispensable to the office of the CFO, and the consortium of investors led by Accel-KKR is committed to backing the company to deliver on that mission.”

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.™

Photo – https://mma.prnewswire.com/media/2343348/Basware_growth.jpg
Photo – https://mma.prnewswire.com/media/2343347/Basware_CEO.jpg

View original content:https://www.prnewswire.co.uk/news-releases/basware-announces-major-global-expansion-drive-as-bookings-grow-52-in-2023-302066082.html

Technology

Huawei Launches All-New Xinghe Intelligent Campus with Full Upgrades, Maximizing Enterprises’ Intelligent Productivity

Published

54 mins ago

September 21, 2024

SHANGHAI, Sept. 21, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, the Xinghe Intelligent Campus session was successfully held, attracting more than 200 industry pioneers, experts, and scholars from around the world to explore campus network trends and technological innovations. Also at the event, Huawei unveiled its all-new Xinghe Intelligent Campus Solution that stands out for full upgrades to wireless, application, and operations & maintenance (O&M) experience.

Shawn Zhao, President of the Campus Network Domain, Huawei’s Data Communication Product Line, said, “As video conferencing, AI terminals, and AI applications become more widespread, the campus network access density has increased threefold, and the demand for bandwidth has grown tenfold. In this case, users place new requirements on the assurance for AI applications and audio/video services while expecting more intelligent O&M.”

To meet these needs, Huawei launched its all-new Xinghe Intelligent Campus Solution with full upgrades. Specifically, this solution upgrades wireless experience in performance, roaming, and IoT convergence. It also leverages X-Scheduler (an experience scheduling engine) to upgrade application experience, while drawing on AI-assisted decision-making and a tidal prediction algorithm to upgrade O&M experience. These help customers build an industry-leading digital infrastructure and facilitate the digital and intelligent transformation of enterprises.

In addition, the solution provides end-to-end security assurance. On the wireless side, the innovative Wi-Fi Shield technology radically prevents packet eavesdropping on the air interface. On the wired side, the full-link MACsec capabilities from switches to APs ensure secure campus network data transmission since the very beginning.

Also at the session, leading analyst firms, customers, and partners in various industries shared their unique insights, best practices, and successful cases. Key speakers include Sian Morgan, Research Director of Dell’Oro Group; Dr. Haitham S. Hamsa, Professor of Information Technology, Cairo University; Shang Qun, Assistant to the Director of the Computing Center, Peking University; Sun Pan, Director of Infrastructure Operations Dept, System Digitalization Dept, FAW Group; Connee Zhang, CEO of CypressTel. Their valuable practices will provide a unique reference for the digital and intelligent transformation of enterprises across industries.

Looking ahead, Huawei believes that the Xinghe Intelligent Campus Solution will become the preferred choice for global enterprises’ digital and intelligent transformation to reap more benefits.

For more information about Huawei’s Xinghe Intelligent Campus Solution, visit https://e.huawei.com/en/solutions/enterprise-network/campus-network.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/huawei-launches-all-new-xinghe-intelligent-campus-with-full-upgrades-maximizing-enterprises-intelligent-productivity-302254770.html

SOURCE Huawei

Technology

Duplicate File Finder from Nektony goes global: Now available in six languages

Published

54 mins ago

September 21, 2024

Nektony proudly announces the release of Duplicate File Finder version 8, featuring six additional languages and the highly anticipated Dark Mode.

ODESA, Ukraine , Sept. 21, 2024 /PRNewswire-PRWeb/ — Nektony is excited to unveil Duplicate File Finder version 8, a powerful tool designed to help users efficiently find and remove duplicate files on their Macs, freeing up valuable disk space and improving system performance.

With the latest update, Duplicate File Finder is now accessible to an even broader audience, thanks to its new multilingual support. In addition to localization, version 8 introduces Dark Mode.

With the latest update, Duplicate File Finder is now accessible to an even broader audience, thanks to its new multilingual support:

FrenchItalianUkrainianRussianChineseGermanSpanish

The addition of these languages ensures that users around the world can navigate and utilize the app in their native language, making the process of cleaning up duplicate files even more intuitive and user-friendly.

In addition to localization, version 8 introduces Dark Mode, allowing users to switch to a darker interface that’s easier on the eyes, especially in low-light environments. Dark Mode not only enhances visual comfort but also provides a modern and stylish look to the app, aligning with macOS’s native Dark Mode functionality.

Best strengths

Accurate byte-to-byte resultsFinding all types of duplicate filesSupport of any drive type, Photos, and Music librariesThe Auto Select feature to quickly select all duplicatesFinding similar photos and musicComparing and merging foldersCleaning up duplicates from similar foldersChecking two files to see whether they are duplicates

Availability:

Duplicate File Finder v.8 is available for download from the Mac App Store. It is compatible with macOS 10.13 or later and requires a 64-bit processor. The app is free to use for finding duplicate files, while advanced features are available through an in-app purchase of $14.95.

Brief Description:

App Name: Duplicate File FinderSystem Requirements: macOS 10.13 – 15, 64-bit processorPrice: Free, with advanced features for $14.95

Key Links:

Duplicate File Finder product page Download Duplicate File Finder from the App Store

About Nektony:

Nektony is a trusted developer of Mac optimization software tools with over 10 years of experience and millions of satisfied customers worldwide. Nektony’s products include MacCleaner Pro, App Cleaner & Uninstaller, Disk Space Analyzer, and more. The company’s mission is to help users get the most out of their Macs by providing simple, effective, and affordable solutions.

For more information, please contact:

pr@nektony.com

nektony.com

Media Contact

Asya Karapetyan, Nektony, 34 624983684, pr@nektony.com, https://nektony.com/help

View original content to download multimedia:https://www.prweb.com/releases/duplicate-file-finder-from-nektony-goes-global-now-available-in-six-languages-302253146.html

SOURCE Nektony

Technology

2024 World Manufacturing Convention Showcases Next-Gen Technologies

Published

54 mins ago

September 21, 2024

HEFEI, China, Sept. 21, 2024 /PRNewswire/ — As technology and innovation converge, a grand feast celebrating the manufacturing industry is commencing. On September 20, the 2024 World Manufacturing Convention opened its doors at the Hefei Binhu International Convention and Exhibition Center in Hefei, Anhui Province. As a premier event in the manufacturing sector, this convention has brought together top global enterprises, innovative technologies, and cutting-edge concepts to present a feast of technology and innovation to the attendees.

In the Smart Robotics Zone, a variety of robots are busy showcasing their diverse capabilities. The latest unveiling at Jianghuai Advance Technology Center, the ‘Qijiang No.2’ humanoid robot, standing at 1.8 meters tall and weighing 60 kilograms, with 38 degrees of freedom throughout its body. It can not only perform basic human limb movements but also execute delicate tasks like folding clothes, opening bottles, pouring water, and washing dishes with ease. Moreover, it can navigate rough terrains, resembling an intelligent steel companion, sparking anticipation for the future of automation and intelligence in the manufacturing industry.

In the 3D Printing Zone, exquisite exhibits leave spectators in awe. From intricate mechanical components to lifelike artworks, 3D printing technology, with its precise replication and rapid prototyping capabilities, has brought revolutionary changes to the manufacturing industry. Inside the zone, staff are busy calibrating equipment, preparing for a spectacular 3D printing showcase. Meanwhile, the third-generation locally developed 72-qubit superconducting quantum computer, “Origin Wukong,” from the Hefei High-tech Zone, is capturing significant interest. This quantum computer, with over 80% domestic components from hardware to quantum chips, operating systems, and application software, boasts unimaginable computing power, paving new paths for future research, finance, and numerous other fields, shining brightly as a rising star in the quantum technology realm.

Green energy and environmental protection technologies are also significant highlights of this convention. The Green Manufacturing Zone showcases a wide array of energy-saving and eco-friendly equipment and renewable energy products. The application of these technologies not only reduces energy consumption and emissions in manufacturing but also provides robust support for sustainable development.

Furthermore, the convention features multiple zones such as Precision Manufacturing and Intelligent Manufacturing, comprehensively displaying the latest achievements and future trends in the manufacturing industry. Exhibitors have expressed their intentions to leverage this platform to showcase their capabilities, seek collaboration opportunities, and collectively drive high-quality development in manufacturing.

The 2024 World Manufacturing Convention is not just a feast of technology and innovation but also a platform for exchange and cooperation. Here, top leaders in the global manufacturing sector will convene to discuss the future trajectories and pathways of manufacturing. It is believed that in the near future, these cutting-edge technologies and innovative concepts will lead the manufacturing industry towards an even brighter future.

View original content to download multimedia:https://www.prnewswire.com/news-releases/2024-world-manufacturing-convention-showcases-next-gen-technologies-302254774.html

SOURCE World Manufacturing Convention