News

Adding to its portfolio of solutions that create rapid value for customers worldwide, SAP AG (NYSE: SAP) today announced its intent to acquire business-to-business (B2B) integration provider Crossgate. A leading provider of hosted B2B integration services, Crossgate enables companies to fully integrate and network with trading partners, clients and suppliers, allowing electronic data exchange with any business partner regardless of their technical capability. As a result of this acquisition, SAP will enable networking at the enterprise level, providing an easy way for trading partners to collaborate, share data and automate processes that link customers and suppliers for streamlined B2B e-commerce.

I'm not sure that IAAAS will catch on as a 21st century business acronym - but what it stands for is impressive. Basware will deliver Invoice Automation as a Service, together with Basware Connectivity services including Scan & Capture, Supplier Portal and e-invoicing to a worldwide leading supplier of pipe systems.  The value of the deal over the contract period of 3 years is approximately EUR 650.000.

Basware is looking in good shape according the their H1 2011 interim report and Q2 earnings, just released and it seems to be in an acquisitive mood. Their numbers show continued consistent growth in financial results with a net sales growth of 7.2% to EUR 53 million compared to H1 last year.

State of Flux, the London based procurement and supply chain consultancy, has launched their 2011 global SRM survey.  This year’s survey focuses on the current state of SRM practices, the value they deliver, and the much talked about (but little researched) theme of “customer of choice”.