Description
Basware is a leader in finance automation, specializing in procure-to-pay solutions powered by artificial intelligence and machine learning. The company offers advanced capabilities such as SmartPDF, which captures invoice data with high accuracy, and SmartCoding, which uses machine learning for general ledger coding. Basware's solutions are designed to automate both PO-backed and non-PO invoices, providing a unified platform that eliminates manual processes and reduces processing costs.
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The company's AP Automation solution is tailored for enterprises dealing with high volumes of invoices, offering touchless invoice processing and intelligent routing to speed up approval workflows. Basware integrates with over 250 ERP systems, ensuring seamless data flow across different platforms. This integration capability is crucial for organizations with complex multi-ERP environments, allowing them to consolidate AP data and gain comprehensive spend visibility.
Basware's compliance engine covers e-invoicing mandates across 50+ countries, automatically updating the platform to meet regulatory changes. This ensures continuous compliance and financial integrity for global operations. The platform also includes predictive analytics to provide actionable insights, helping finance teams optimize working capital and improve financial control.
Pricing for Basware's solutions is based on a subscription model, with volume commitment tiers offering predictable costs for large organizations. The company also provides a Business Case Calculator to help businesses model their expected ROI. Basware serves over 6,500 customers globally, including industry leaders like DHL and Heineken, and is recognized as a leader in the AP automation market by major analysts.
- CategoryWorkflow Automation
- Pricing ModelSubscription
- DeploymentCloud
- PlatformsWeb
Basware's Core Features
SmartPDF for invoice data capture
Advanced matching for PO and non-PO invoices
SmartCoding for GL coding
Predictive analytics for financial insights
Integration with 250+ ERP systems
Global e-invoicing compliance
Touchless invoice processing
Intelligent routing for approvals
Continuous compliance updates
Real-time spend visibility
Fraud and duplicate payment detection
Automated VAT code validation
Supplier network connectivity
AP performance management with Basware Insights
AI-powered invoice lifecycle management
How to use Basware?
Configure: Set up integration with ERP systems
Use: Automate invoice processing and approvals
Optimise: Leverage predictive analytics for insights
Ensure Compliance: Stay updated with global mandates
Basware's Use Cases
- Invoice Processing
- Compliance Management
- Financial Insights
- ERP Integration
- Fraud Detection
