Basware
True automation for finance teams, complete control over the invoice lifecycle.
Executive Summary
Basware is a leading fintech company offering networked source-to-pay, e-invoicing, and accounts payable (AP) automation solutions. It empowers B2B companies, particularly those with high invoice volumes and complex procurement needs, to achieve true automation, optimize financial processes, and ensure global compliance through intelligent automation and AI. The platform's core value lies in delivering complete control over the invoice lifecycle, enhancing efficiency, and providing visibility across financial operations.
Use Cases
- Automating invoice processing and matching to reduce manual effort and errors.
- Ensuring global e-invoicing compliance and tax law adherence.
- Optimizing working capital through early payment discounts and predictive analytics.
- Detecting and preventing fraud and overpayments with continuous anomaly detection.
- Gaining real-time spend visibility and financial insights across the organization.
- Streamlining procure-to-pay processes for greater efficiency and control.
Features
Visibility
- Real-time AP Metrics: Provides real-time visibility into key Accounts Payable performance indicators and operational metrics.
- Benchmarking Tools: Allows comparison of performance against industry peers to identify areas for improvement.
- Spend Visibility: Offers 100% spend visibility through centralized dashboards, without manual effort.
- Audit Trail: Ensures a clean audit trail for all invoice lifecycle processes, crucial for compliance.
Intelligence
- SmartPDF AI: Automates PDF to e-invoice conversion with high accuracy, learning from data patterns to eliminate manual mapping.
- SmartCoding: Uses AI to automate the coding of non-PO invoices, reducing manual intervention and improving efficiency.
- InvoiceAI: Integrated, purpose-built AI that streamlines AP operations, prioritizes tasks, and provides recommendations based on a vast dataset of invoices.
- Predictive Analytics: Identifies invoices at risk of late payment and forecasts future spend to optimize cash flow and prevent financial exposure.
- Advanced Matching: Algorithms for straight-through processing of PO-based invoices, combining invoices, POs, goods receipts, and contracts.
Support
- Customer Training Hub: Resources and training materials for customers to maximize their use of Basware solutions.
- Support Portal: Dedicated online portal for customer support inquiries and assistance.
- Developer Resources: Provides documentation and tools for integrating with Basware APIs.
Technical Specifications
- Architecture
- Cloud-native SaaS
- Deployment
- Cloud/SaaS
- Authentication
- SSO, SAML 2.0 (implied by IdP support), MFA (implied by security standards)
- API Available
- Yes
- MCP Server
- No
Infrastructure
- AWS
AI/ML Stack
- NLP
- Machine Learning
- Generative AI
- Deep Learning
Integrations
- SAP
- Oracle
- Microsoft Dynamics
- Workday
- NetSuite
Security & Compliance
Certifications: ISO 9001, ISO 27001, GDPR
Encryption: TLS 1.2 or higher in transit, AES-256 at rest (implied by industry standards and ISO 27001)
Data Residency: Global
Pricing
- Model
- Tiered subscription, Custom enterprise
- Starting Price
- Contact sales
- Target Customer
- Mid-market to Enterprise
- Contract Type
- Annual, Multi-year discounts
- Free Trial
- No (credit card required)
About Basware
Basware provides cloud-based purchase-to-pay and e-invoicing solutions for enterprises. The platform automates procurement, invoicing, and payment processes globally.