Basware

Basware is a cloud-based purchase-to-pay and e-invoicing solution that helps businesses lower costs, optimize spend and forecast growth. The platform empowers global enterprise finance leaders to automate complex, time-consuming and error-prone invoice processes, unlocking a new level of efficiency and minimizing risk.

Basware provides a number of features to help streamline the accounts payable process:

• True Automation: Leverages AI and machine learning to automate every invoice, eliminating manual processes and digitizing every invoice.
• Complete Coverage: Offers global compliance capabilities and the world's largest open network, connecting to more than 250 ERPs across more than 190 countries.
• Deeper Expertise: Draws on 40 years of experience in implementing best practices and reducing risk across finance operations.

Basware's AP automation solution is particularly beneficial for global companies, finance shared service centers and multi-ERP environments. The platform automates a wide variety of invoices, including PO-based and non-PO-backed invoices, recurring invoices and invoices with additional charges.

Some of the key benefits of Basware include:

• Touchless Invoice Processing: Up to 100% automation of invoices, freeing up staff from manual work and increasing productivity.
• Actionable AP Insights: Access to key performance indicators (KPIs) and recommendations for process optimization.
• Visibility and Compliance: 100% spend visibility and confidence in addressing tax compliance regulations across more than 50 countries.

Basware's pricing is based on the features and business volumes chosen, with a simple and predictable subscription model. The platform is designed for a wide range of industries, including automotive, biopharma, construction, consumer goods, education, energy, financial services, healthcare, hospitality, manufacturing, oil and gas, real estate, retail and transportation and logistics.

Basware has been recognized by industry analysts, including Gartner's Market Guide for Accounts Payable Invoice Automation Solutions and 2023 Gartner Peer Insights Customers' Choice for Procure-to-Pay Suites. Forrester has also published the Total Economic Impact of Basware's AP Automation Solution.

By automating complex invoice processes, Basware helps companies like HP, Mercedes-Benz and DHL save millions of euros each year and achieve higher levels of efficiency in their accounts payable departments.

Published on July 2, 2024