Basware OYJ

GUILDFORD, England - Global Study Highlights Increased Risk of Missing Links Between Finance and Procurement - Just 28% of CFOs say procurement has a significant impact on financial risk exposure - Less than half see any level of integration between procurement and finance processes - Almost 60% of indirect spending untracked by global organizations - 64% of respondents rate cost cutting as top priority, where as just 39% cite reducing risk as a priority Chief Financial Officers in organizations across the globe are shunning risk management in favor of cost cutting, and are failing to treat supply chain dangers seriously enough according to a major new piece of research released by a leading academic and Basware (www.basware.com/Pages/default.aspx) today.