IDC’s analysts encourage companies to consider Basware “when you are looking for a partner that provides a truly automated experience with deeply rooted expertise in global compliance requirements to help you scale your business.”
The IDC MarketScape: Worldwide Accounts Payable Automation Software for Large Enterprise 2024 Vendor Assessment is the information and communications technology (ICT) industry's premier vendor assessment tool, providing in-depth quantitative and qualitative technology market assessments of ICT vendors for a wide range of technology markets. The report offers an objective opinion that helps technology buyers determine the best solution for their companies.
For this year’s report on the worldwide SaaS and cloud-enabled accounts payable management software market, IDC conducted a thorough evaluation of Basware’s strategies and capabilities and positioned the company as a Leader in the market today. In their assessment, IDC’s analysts highlighted a few of our strengths:
- Touchless invoice processing: IDC made note of our ability to facilitate completely touchless invoice processing for many of our customers, providing increased efficiency and automation for global organizations. Analysts also made note of our software’s ability to handle purchase order-based invoices and non-PO backed invoices, as well as recurring charges and invoices with POs from other ERP or purchasing systems.
- Invoicing and compliance expertise: IDC also acknowledged that global invoice compliance poses a significant challenge for multinational organizations. “Basware, with over 40 years of invoicing experience, serves as a seasoned partner, aiding companies in navigating these complexities and avoiding high business risks and penalties associated with non-compliance.”
Download the assessment excerpt for an in-depth look.
