Last Updated
Overview
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.
Overall Rating
Based on 19 users reviews
4.1
Rating Distribution
Positive
79%
Neutral
21%
Negative
0%
Starting Price
Custom
Basware Specifications
- Financial Reporting
- Invoice Management
- Expense Tracking
- Tax Management
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.
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
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
Asset Management
Basware provides tools to effectively manage and track fixed assets within an organization. These tools include asset tracking, depreciation calculations, and reporting.
Inventory Management
This feature helps businesses optimize their auditing process by offering real-time inventory tracking, stock level monitoring, automated replenishment, and inventory forecasting.
Supplier and Purchase Order Management
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.
Catalog Management
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.
Purchase Order
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.
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
Total 19 reviews
4.1
All reviews are from verified customers
Rating Distribution
5
Stars32%
4
Stars47%
3
Stars16%
2
Stars5%
1
Stars0%
Share your experience
Health, Wellness and Fitness, 1-10 employees
Less than 6 months
“Makes getting paid harder”
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.
Rating Distribution
Ease of use
1
Value for money
1
Customer Support
1
Functionality
4
Management Consulting, 1-10 employees
More than a year
“Essential & Market Leading P2P Tool”
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.
Rating Distribution
Ease of use
8
Value for money
7
Customer Support
8
Functionality
8
Not Specified, 500+ employees
More than a year
“Basware is a very good Invoice Processing tool, but could be better”
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.
Rating Distribution
Ease of use
10
Value for money
8
Customer Support
8
Functionality
7
Frequently Asked Questions
What types of pricing plans does Basware offer?
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.
Does Basware offer an API?
Yes, Basware provides an API.
What language does Basware support?
Basware supports English, French, and German languages.
What other apps does Basware integrate with?
Basware software integrates with 250+ programs, such as E2OPEN, Corpay One, SAP, Oracle, Microsoft, and DL software.
Does Basware support mobile devices?
Yes, Basware supports mobile devices.
Who are the typical users of Basware?
Basware caters to mid-size to large organizations across different industries, such as healthcare, finance, manufacturing, transport and logistics, etc.