Author Archives: Klaus Andersen, Basware CEO



The Future of Visible Commerce & the Role of Business Transparency

How are businesses responding to demands for transactional transparency from customers and wider society? Company leaders need a more holistic approach, which means knowing what sits underneath all their transactions. At Basware, we see such Visible Commerce as a way to simplify operations, spend smarter and do more.​

We partnered with Harvard Business Review Analytic Services (HBRAS) to take the pulse of business leaders and to understand how automation is empowering strategic decision making at their firms. I am pleased to share the findings of how these elite company executives are using transparency to mitigate risk, create business value and hone their competitive edge. ​

The report, “Using Transparency to Enhance Reputation and Reduce Business Risk,” explores the full value that such transparency delivers. It provides a lens over the advantages of automating finance and procurement processes. It finds that those working toward the total visibility of the flow of money, goods and services are able to make more effective strategic decisions and that this transparency is a defining characteristic of winning businesses worldwide. Those that have invested in improving visibility across finance and procurement benefit from greater employee engagement, improved reputation and revenue growth.