Basware

Finance departments in large enterprises that process invoices from many countries are the users of Basware, a supplier of purchase-to-pay and invoice software. The company says its tools help teams manage intricate invoice handling, keep compliance continuous and control spending globally, with AI and machine learning removing manual steps.

Automating accounts payable

The company calls itself a global leader in AP automation and now describes its direction as invoice lifecycle management. It offers touchless invoice processing, smart coding of invoices and a smart PDF tool, together with analytics. Basware describes what it calls governed autonomy: automated decisions that stay compliant, protected and auditable.

An e-invoicing network and compliance

Basware runs an e-invoicing network for sending and receiving electronic invoices, with an archive vault and Peppol interoperability. It follows invoicing and tax rules in many countries, and has published a global e-invoicing compliance map and material on national mandates such as the one in France. Continuous compliance is one of the themes of its current messaging, alongside financial integrity and enterprise control.

From procurement to payment

Beyond AP, its purchase-to-pay range includes e-procurement, catalogue management and a P2P edition for mid-market firms. The software integrates with ERP systems, and partners can be found or joined through a partner programme. Customers also get support and customer success services, plus a support portal, release information and developer resources, while suppliers have resources of their own. Basware sets out its approach under three themes: automation that covers the work end to end, complete coverage through ERP integrations and partners, and deeper expertise backed by security and product innovation. The company says it has the largest AP dataset in the world, which feeds its AI, and that more than 6,500 chief financial officers trust it. Its materials cite recognition from industry analysts.