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Basware provides businesses with financial automation solutions. It facilitates businesses in streamlining their procurement, accounts payable automation, and e-invoicing processes. With Basware as your trusted partner, you can elevate your financial operations with complete coverage and deeper expertise. Optimize your business efficiency with Basware today.

Basware Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

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What Is Basware?

Overview

Basware is a cloud-based solution that delivers AI-ML-powered automated tools to simplify finance and procurement processes across all industries. Thousands of organizations trust Basware solutions and have over 9,500 businesses in more than 70 countries to fulfill their procure-to-pay (P2P) needs. With its constant innovations, Basware assists businesses in streamlining labor-intensive invoicing operations with minimum errors and risks. Its compliance with global mandates and local regulations renders its trust and security integrity as a globally leading e-invoicing solution.

Basware Pricing

Its pricing varies based on an organization’s specific size and requirements, allowing businesses to create a solution with a tailored subscription model.

Get a customized Basware software cost estimate for your business.

Basware Integrations

The software integrates with over 250 third-party applications, including:

  • Sap
  • Oracle
  • Microsoft
  • JustOn
  • Velocity Procurement
  • Snowfox.AI

Who Is Basware For?

Basware is used in various industries, including:

  • Accounting
  • Financial services
  • Automotive
  • Computer & network security
  • Computer software
  • Hospital & healthcare
  • Information technology and services
Watch Basware demo to learn more about its functionalities.

Is Basware Right For You?

Whether Basware is a good choice for a specific business depends on its unique needs and requirements. It offers several key benefits to its users and is widely recognized as a reputable provider of accounting and procurement solutions. Some of its key tools include e-invoicing, purchase order management, supplier management, and analytics.

Basware has a large customer base, with thousands of organizations, such as HP and Mercedes-Benz, using it.

Still not sure about Basware? For further information, contact us at (661) 384-7070, and our experts will guide you toward the right decision.

Basware Features

Basware provides tools to effectively manage and track fixed assets within an organization. These tools include asset tracking, depreciation calculations, and reporting.

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This feature helps businesses optimize their auditing process by offering real-time inventory tracking, stock level monitoring, automated replenishment, and inventory forecasting.

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Basware enables efficient management of suppliers and purchase orders. Users can easily create, track, and manage orders, ensuring smooth procurement processes, maintaining supplier information, tracking performance, and facilitating communication.

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Create and maintain a centralized catalog of products and services. The feature makes searching for items easier. It allows businesses to streamline requisitioning and ensure compliance with preferred suppliers and negotiated prices.

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Basware accounting software supports comprehensive purchase order management capabilities. Throughout the procurement cycle, reviewing, approving, and tracking purchase orders becomes easier and automated. It ensures accurate and timely order processing, reducing errors and delays.

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Pros and Cons of Basware

Pros

  • Intuitive user interface
  • Reusable templates for recurring tasks
  • Easy to use
  • Invoice coding

Cons

  • Fitful system lagging
  • No sourcing module

Basware Reviews

Overall Rating

4.1

19 Review(s)

Rating Distribution

5

star

(6)

4

star

(9)

3

star

(3)

2

star

(1)

1

star

October 2023

Makes getting paid harder

Guy

Health, Wellness and Fitness

Ease of use

1

Value for money

1

Customer Support

1

Functionality

4

Pros

I signed up to submit and track invoices for a client, and initially thought it was a good system. However, it has been three months, and I am still waiting to get paid. It's great for credit control of the customer but not so much for the supplier.

Cons

Submitting an invoice proves to be quite challenging. Also the format rules seem impossible to meet, and the user guides provide contradictory instructions. For instance, attachments must include the word "attachment," but invoices get rejected for both including and excluding that word.

August 2023

Essential & Market Leading P2P Tool

Ahmet

Management Consulting

Ease of use

8

Value for money

7

Customer Support

8

Functionality

8

Pros

The user interface is intuitive, and the code base is solid with very few bugs or unexpected behavior compared to other solutions. The workflow management is detailed and clear, greatly enhancing efficiency in invoice processing. The reusable templates for recurring tasks and automatic three-way invoice matching with minimal human intervention are excellent features.

Cons

It lacks in-platform guides for various tasks, and having the option or feature to export invoice images would be a valuable feature. The price is on the expensive side, and user support needs improvement, especially for a sophisticated platform like Basware. Additionally, there are rare instances where the platform freezes for users.

October 2021

Basware is a very good Invoice Processing tool, but could be better

Anonymous

Not Specified

Ease of use

10

Value for money

8

Customer Support

8

Functionality

7

Pros

One aspect I love is the option to send invoices for automatic processing and match them to their respective purchase order (PO) numbers. The invoice scanning feature proves to be quite useful in this regard. Additionally, the data extraction functionality provides all the necessary items for running in-company reports.

Cons

Usually, it takes around 24 hours for vendor data changes to reflect in the system. Only one session can be open at a time, restricting the processing of multiple invoices simultaneously. Moreover, the system can be sluggish at times.

View All 19 Reviews

Frequently Asked Questions

Basware cost is customizable to create a solution tailored to an organization's unique requirements and size. You get a custom Basware pricing plan for your businesses.