Public sector to gain as Basware acquires Procserve

Basware, the leading provider of e-invoicing and purchase-to-pay solutions, has acquired Procserve, the UK’s market leader for public sector e-procurement.

Procserve has been serving the UK government’s e-commerce strategy since 2006 and its eProcurement networks are used by over 33,000 organisations to buy, sell, and share information within online communities. The merger will enable government bodies to operate more efficiently by automating the purchase-to-pay process, freeing up time and money that can be invested in frontline services.

By driving technology strategies underpinned by e-invoicing, the public sector can help to boost the economy, prevent fraud and ensure transparency across the millions of payments made by government bodies each year.

Esa Tihilä, CEO, Basware Corporation said: “We have witnessed a continued push from governments and public sector to adopt e-invoicing, as the technology is becoming more commonplace and the benefits are realised more widely. Procserve has a very strong and recognised position within the public sector and among e-procurement service providers and is a well-known service provider among governmental entities in the UK.”

Nigel Clifford, CEO of Procserve said: “We’re delighted to be joining Basware and excited about the new opportunities our combined portfolios will bring. Procserve has been working with the UK public sector for almost ten years. That experience, alongside Basware’s position as a global leader, means together we have a unique offering that can help transform financial processes for the public sector.”


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