AI powered AP Automation AI Audit AI For Financial Analysis
Basware · Global Leader In Ap Automation And Cloud Based P2p Solutions
Basware offers an AI/ML-powered platform that automates complex, labor-intensive invoice processes, helping organizations achieve efficiency while reducing errors and risks.
Overview
What Basware does
Basware is a leading provider of accounts payable (AP) automation solutions, focusing on streamlining invoice processing and enhancing financial operations for global enterprises.
Capabilities
Key features
- 01
AP Automation
Automates accounts payable processes to enhance efficiency and reduce manual errors.
- 02
Touchless Invoice Processing
Enables automatic processing of invoices without manual intervention.
- 03
Smart Coding
Utilizes AI to automatically code invoices, reducing the need for manual input.
- 04
Basware Insights
Provides analytics and insights into financial operations for better decision-making.
- 05
SmartPDF
Converts PDF invoices into structured data for easier processing.
- 06
AP Protect
Offers security features to protect against fraud and errors in invoice processing.
- 07
AP Audit & Recovery
Facilitates auditing of invoices and recovery of overpayments.
- 08
Statement Matching
Automates the matching of statements to invoices for accuracy.
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What the AI does
Basware leverages AI and machine learning to enhance its automation capabilities, particularly in invoice processing and data extraction.
Capabilities
- ● AI-powered invoice processing
- ● Machine learning for coding and matching invoices
Models
- Invoice Processing AI Machine Learning
Automates the extraction and processing of invoice data.
- Fraud Detection AI Machine Learning
Identifies potential fraudulent activities in invoice submissions.
Pricing
Plans & pricing
Basware offers customized pricing based on the specific needs of the organization, with various tiers available.
Basic Plan
Contact for pricing
- + Basic AP automation
- + Email support
Professional Plan
Contact for pricing
- + Advanced AP automation
- + Analytics and insights
- + Priority support
Enterprise Plan
Contact for pricing
- + Full suite of features
- + Custom integrations
- + Dedicated account manager
Trust
Security & compliance
Basware implements robust security measures to protect user data and ensure compliance with regulations.
Measures
- ● Data encryption
- ● Regular security audits
- ● Access controls
Certifications
More
Additional information
Competitive advantage
Basware stands out in the market due to its comprehensive automation capabilities and extensive integration options.
- + AI-powered automation
- + Global compliance capabilities
- + Integration with 250+ ERPs
On the roadmap
Basware is continuously innovating and planning to enhance its platform with new features.
- → Enhanced AI capabilities
- → More integration options
- → User experience improvements
Update cadence: monthly
Integration & deployment
Basware integrates with over 250 ERP systems and offers a cloud-based deployment model.
- + SAP
- + Oracle
- + Microsoft Dynamics
- + NetSuite
- + Infor
Deployment: cloud-based
Interface
Intuitive dashboard for managing invoices and financial operations, with easy navigation and access to analytics.
Support & resources
Basware provides comprehensive support and resources for its users, including training and documentation.
- + Email support
- + Phone support
- + Online resources
- → Webinars
- → Documentation
- → Tutorials
External
Links & channels
Awards
Recognition
- 2023
Gartner Peer Insights Customers' Choice
Recognized for excellence in procure-to-pay suites.
- 2024
Forrester Total Economic Impact Study
Demonstrated significant ROI for users of Basware's AP automation.
Voices
What customers say
Basware has numerous success stories from clients who have improved their AP processes using the platform.
-
“Saved millions due to early payment discounts after implementing Basware.”
INNIO
-
“Achieved a 65% touchless rate on day 1 of implementation.”
Ritchie Brothers
Used by
Field notes
Case studies
- 01
INNIO's Cost Savings
Industry: Energy
- Challenge
- High manual processing costs in AP.
- Solution
- Implemented Basware's AP automation solution.
- Results
- Saved millions through early payment discounts.
- 02
Ritchie Brothers' Touchless Invoicing
Industry: Auction
- Challenge
- Need for efficient invoice processing.
- Solution
- Adopted Basware's touchless invoice processing.
- Results
- Achieved 65% touchless rate on day 1.
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Basware compared
Side-by-side comparison of Basware and 5 top ai powered ap automation alternatives across pricing, free tier, key features, integrations, and ratings.
| Tool | Pricing | Free tier | Top features | Integrations | Rating |
|---|---|---|---|---|---|
| Basware ★ | Contact for pricing | — |
| SAP, Oracle, Microsoft Dynamics +2 more | 4.5 |
| Varies | Yes |
| ERP systems, CRM applications, E-commerce platforms +2 more | 4.5 | |
| £0/month | Yes |
| Bank account integration, Payment processing, Invoicing software | 4.5 | |
| AppZen ★ | Varies | — |
| Coupa, NetSuite, Oracle E-Business Suite +2 more | 4.5 |
| Varies | — |
| Workday, Salesforce, Oracle ERP +2 more | 4.5 | |
| $12/month | Yes |
| Sage, Xero, QuickBooks +2 more | 4.5 |
See the full breakdown on Basware alternatives .
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