Basware Solutions for the Construction Industry

Accounts Payable Automation solutions that make it all happen for the Construction Industry

It is vital that businesses in the Construction industry have an efficient, accurate AP process to ensure that both suppliers and sub-contractors are paid on time and correctly.

Our AP Automation solutions for the Construction industry eliminates time-consuming manual processes, increasing accuracy and efficiency while ensuring full visibility and control throughout the AP process – so you can cut costs and keep your project on track. With Basware, now it all just happens.

Why Basware?
Achievable KPIs
Features Overview
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The benefits of AP Automation for the Construction sector

Capture every invoice with 100% accuracy by connecting all your suppliers with the largest open e-invoicing network.
Gain critical visibility over spend to contain costs and use funds more strategically.
Automatically match invoices to purchase orders, good receipts and contracts to achieve touchless invoice processing.
Ensure global VAT compliance and comply with global invoicing regulations.

Keep up with changing regulations by relying on our local expertise in countless global markets.
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Automate non-PO invoices using custom spend plans, AI coding, and better approval workflow.
Seamlessly integrate all your ERPs and other financial systems, no matter how many you use.
Develop a robust AP strategy with experts who know how to get a greater and faster ROI with an AP-first approach.

What can you achieve with Basware when True Automation happens?

89%

Touchless processing

99.7%

Electronic invoicing

85%

Paid on time

Features Designed for the Construction Industry

The Basware AP Automation solution features additional features designed for a dedicated user role outside of the AP department. Power users process more invoices than business users and perform complex invoice processing activities – so they need a solution that can streamline activities, increase user adoption, and provide the business with better spend visibility.

In the construction industry, it is often difficult for the central AP team to understand the specific local requirements of purchases. For example, Project Managers purchasing construction materials and sub-contractors are likely the only people that understand the particulars of those specific processes. But they are also expected to process incoming invoices from these suppliers, meaning they require sophisticated and precise tools to eliminate the need for manual data entry – saving your team valuable time.

Why customers use Basware as their leading AP Automation Provider

True Automation

Cutting-edge technology powered by AI & ML that eliminates all manual processes

Complete Coverage

Global compliance capabilities and the ability to integrate with 250 ERPs across more than 190 countries

Deeper Expertise

40 years of specialized experience implementing best practices and reducing risk across finance operations

FAQs

What other industries do you support with AP Automation?

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 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, 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.

What is AP Automation?

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What is an Accounts Payable audit?

Check out our comprehensive Accounts Payable Internal Audit Checklist, covering everything you need to know about auditing your AP operations. From fraud detection to compliance assurance, this guide explores the importance of AP audits and internal controls, offering practical insights to streamline operations and enhance efficiency.