Getting that entire list of suppliers paid on time? Now it all just happens.
As the industry's leading AP Automation provider, Basware’s AI/ML-powered solution is designed to make touchless invoice processing a reality for your organization.
Our AP automation solution's artificial intelligence and machine learning functionality is available at every point in the process – from invoice receipt and routing to automated matching and coding – adding value by speeding up tasks and eliminating errors.
Basware's AP Automation solution enables the use of any combination of invoices, POs, goods receipts, quality checks, contracts, etc. at the line or header level for straight-through processing of PO-based invoices. And when information is missing, recognition methods review the available data to calculate the best matching scenario.
This feature addresses recurring invoices that may not have POs already associated with them. Some examples are rent, utility charges, and mobile phone plans. Basware Accounts Payable Automation solution easily learns and identifies recurring invoices and supports the automation of these invoices – whether they are based on schedules, budgets, or amounts.
SmartCoding is a machine-learning (ML) based solution automating coding for invoices that are not linked to a purchase order (PO) or a payment plan. Based on historical coding and invoice header data, this functionality generates very accurate invoice coding proposals for your non-PO invoices.
For any remaining portion of invoice exceptions, our smart routing functionality ensures that invoices are automatically sent to the appointed approval workflow, without the need for any manual effort. Based on the data on the invoice, the AP automation system automatically determines the recipient and sends the invoice along for coding and processing.
Globally operating organizations with a desire to harmonize all invoice processes across all locations
More than 50.000 invoice transactions per year, across multiple formats (for less invoices, see P2P for Mid-Market solutions)
Finance Shared Service Centers with a need for speed
Multi-ERP environments by integrating with any ERP
89%
Touchless processing
99.7%
Electronic invoicing
85%
Paid on time
Access critical KPIs at a glance, insights into process inefficiencies, and recommendations for improvements.
Reduce exceptions and manual processes to continuously optimize AP operations with cutting-edge technology powered by AI & ML.
Achieve 100% spend visibility and confidently address all tax compliancy regulations in over 50 countries.
Download our free Factsheet 'From hands-on to touchless' now.
By completely eliminating paper, many errors are avoided, and invoice validation has become easy.
We have increased the level of automation and seen a dramatic decrease in processing errors thanks to the automatic matching of invoices using automated rules.
It’s early days but we’ve quickly been able to achieve 65% end to end ‘touchless’ automatic matching in North America. This significantly reduces paper processing and enhances our internal controls over a large portion of our spend.
“Basware’s AP Automation solutions have unlocked significant opportunities for KION. With enhanced efficiency and global compliance capabilities, we are well positioned for future growth and innovation.
Cutting-edge technology powered by AI & ML that eliminates all manual processes
Global compliance capabilities and the ability to integrate with 250 ERPs across more than 190 countries
40 years of specialized experience implementing best practices and reducing risk across finance operations
Book a consultation call with our solutions experts to discuss the benefits of Basware's AP Automation solutions.
Accounts payable automation (also referred to as AP automation) aims to optimize the process of receiving and processing of supplier invoices. AP automation enables more of your AP process to be touchless, meaning that most tasks are automated, requiring minimal human effort.
Basware is not a jealous provider. We have built a technical foundation on the concept of integration and ‘plug and play’ solutions. If you are using a different procurement solution to create POs or generating POs from your ERP – that’s no problem at all. Our superior integration capabilities will pull that PO data into Basware and automatically match your invoice to it.
Other providers on the market require you to use their procurement tool to get that automated match, but at Basware, we prefer to minimize the impact to your business. We believe in getting you automation for all your invoices, providing visibility over your direct and indirect spending, and fitting into your existing IT landscape.
Tell us about your existing IT solution landscape when you contact us and our subject matter experts will be ready to explain the various integration opportunities.
An AP automation solution does not replace your ERP system(s) but complements them to automate all AP related processes.
If you’re like a lot of companies, you have multiple ERPs and back-office systems in use. To truly get control of enterprise spending and streamline operations in AP, these systems must communicate data to each other – and that should not be a manual process of data exporting and importing. If you want to get the most return on your investment, go with a AP automation solution that is designed to integrate with 250+ ERP systems simultaneously. Your life will be so much easier.
If you want to know what an AP Automation solution can do for you that an ERP can´t do, read this blog.
Basware’s solutions scale according to the selected functionalities and business volumes. You can start small, achieve concrete business outcomes, and then expand the solution according to your needs.
The subscription model offers a simple, predictable and scalable model for pricing. Select your commitment level – the more you commit to, the lower your unit costs. Additional fees only apply in case of additional functionalities or customizations.
Speak to our sales team to get more details on our pricing model, a business case calculation and proposal specific to your company’s needs.
At Basware, we are proud to deliver an AP Automation solution that's versatile to meet the needs of many industries. We firmly believe that no industry should be left out when it comes to streamlining their accounts payable processes, which is exactly what companies achieve with our solution.
Whether you're operating in the automotive, biopharma, construction, consumer goods, education, energy and utilities, financial services, healthcare, hospitality, manufacturing, oil and gas, real estate, retail and ecommerce, or transportation and logistics industry, rest assured, we've got you covered.
Each of these industries has unique needs and challenges, and our solutions are tailored to meet those specific demands. To see how we serve your industry, visit our industry-specific pages and explore how we can make a difference in your accounts payable operations.
