AI TOOL PROFILE
Basware Purchase to Pay: AP Automation Software
- Finance and Accounting
- Billing and Invoicing
- Mid-market companies
- Enterprise companies
- Global Business Services (GBS) operations
- Accounts payable departments
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Mid-market companies, Enterprise companies, Global Business Services (GBS) operations, Accounts payable departments
- Key use cases
- Invoice Capture Automation, Global Regulatory Compliance, Purchase Order Matching, Electronic Invoice Exchange
- Official website
- Visit basware purchase to pay official website
How AI is used
Basware is an Invoice Lifecycle Management (ILM) platform for automating accounts payable processes. It uses AI-driven tools for invoice capture and processing, which may help reduce manual data entry in finance workflows.
The software is intended for mid-market and enterprise-level organizations, including those with Global Business Services (GBS) operations. It is designed to handle high transaction volumes and supports requirements across various regulatory environments.
Key capabilities include a network for electronic invoice exchange and a compliance engine that supports requirements in over 100 countries.
Buyers should confirm if the platform scale fits their specific volume of invoices and verify how the tool integrates with their existing ERP system to ensure data flow.
Key Features
Touchless Invoicing
Designed for automated invoice processing to reduce manual intervention.
InvoiceAI
AI-driven processing for PO and non-PO invoices, trained on a dataset of over 2.2 billion invoices.
e-Invoicing Network
A system for sending, receiving, and archiving electronic invoices.
Global Compliance Tools
Support for invoice compliance and regulatory requirements in more than 100 countries.
Invoice Matching
Supports the process of matching incoming invoices to corresponding purchase orders.
SmartPDF and SmartCoding
Tools designed to assist with the capture and coding of invoice data.
Use Cases
Invoice Capture Automation
Using AI and SmartPDF to assist with the extraction and processing of invoice data.
Global Regulatory Compliance
Managing electronic invoicing mandates and tax compliance across 100+ different countries.
Purchase Order Matching
Matching invoices to POs to verify accuracy before payment.
Electronic Invoice Exchange
Using the e-Invoicing Network to send and receive digital invoices.
FAQ
Who is Basware designed for?
- Basware is primarily designed for mid-market and enterprise companies, specifically finance teams, accounts payable departments, and Global Business Services (GBS) operations.
What is Touchless Invoicing in Basware?
- Touchless Invoicing is a feature designed to provide automated processing of invoices to reduce manual work.
Does Basware support international compliance?
- Yes, Basware includes compliance tools and an engine designed to support regulatory requirements in over 100 countries.
Source category: Finance & Accounting
Source subcategory: Billing & Invoicing
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