Artificial Intelligence. Intelligently Applied.

Your reliable resource and insights for driving AI impact in your finance organization.

From AI, to ROI

As artificial intelligence (AI) continues its evolution from a futuristic concept to a practical business tool, finance leaders must learn how to harness its power to drive transformation, speed up fraud detection, improve accuracy and offer significant cost savings.

This report from Basware, in partnership with FT Longitude distils the key findings from a global survey of 400 senior finance leaders, providing useful insights and proven strategies to help CFOs and finance leaders secure the advantages AI offers.

Where to Begin?

40% of finance leaders worry they do not have the change management capabilities required to execute complex transformation projects.

AI is a Tool, Not the Goal

Three-quarters of respondents said deploying AI tools has already given staff more freedom to focus on strategic work.

AP – CFO's Quickest ROI Win

Finance departments that have implemented AI tools in their AP teams have an average ROI of 36%.

Meet our AI Leaders

Perttu Nihti

Chief Product & Technology Officer, Basware

“As with any project, developing a clear vision and then communicating that vision is key. Start by being clear about why you are implementing AI and what problems you think it will solve. Don’t see this as merely an IT exercise. This is a transformative initiative that will resonate across every corner of your business, driving lasting value and competitive advantage.”

Anssi Ruokonen

Director of AI Research and Enablement, Basware

“Transformation offers benefits most finance professionals will welcome. Inspire your staff with examples of how AI assistants will take over tedious tasks, so they can focus on the strategic level, which is what most people came into finance for.”

Jason Kurtz

CEO, Basware

“Everyone is feeling the pressure to deploy these tools, but finance leaders rightly want to see a return. They want demonstrable proof points, so they know what they’re getting right. The good news is that the business case is strong for AI ROI in areas such as accounts payable. Proven transformation success stories ensure that change feels less risky.”

Catch up on the latest AI innovations and insights

Keen to keep up with the ever-evolving world of AI? Discover more of our AI research and insights below.

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eBook

Demystifying Artificial Intelligence in Finance

Around the world, finance teams are facing a new technological challenge: how to leverage artificial intelligence to improve processes, enhance efficiency, and save both time and money.

# AI

In the news

FORTUNE: AP automation accelerating your AI transformation
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FINTECH INTEL: Financial services on AI adoption
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CDO Mag: Basware's new AI Leaders
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Since day one, we've perceived the desired values from the project. The quality of invoices has improved considerably, and the AI continues to evolve and improve with each passing day.

Jesper Persson, Business Developer at Billerud

How we can help

Integrating AI into your AP processes is more than a technological advancement—it's a strategic necessity. Transform your AP function by leveraging Basware’s advanced AI and machine learning (ML) expertise and capabilities.

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Insights

Leverage gen AI-powered actionable insights – to foster inclusive, data-driven decision-making throughout your organization.

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SmartPDF

Expand the role of AI in your AP function from the very beginning. Automate your invoice ingestion process. Achieve 92%+ automation rates from day one. 

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SmartCoding

Automate the coding of your non-PO invoices with our Machine Learning-based solution and achieve up to 89% touchless processing. 

Want to know how you can make it happen?

Discover how you can leverage AI technologies within your finance function, to enhance efficiencies, accuracy and boost ROI.