Basware
by Basware · AP Automation
Enterprise invoice automation and e-invoicing for complex multi-ERP environments.
- Works with
- SAP, Oracle, Microsoft Dynamics 365, NetSuite
- Deployment
- Cloud
- Company size
- Mid-market, Enterprise
- Pricing
- Quote-based
- Founded
- 1985
- Headquarters
- Espoo, Finland
Overview
Basware is an enterprise-focused accounts payable automation and e-invoicing vendor with one of the largest open e-invoicing networks, reaching suppliers across 180+ countries. Its platform centers on intelligent invoice lifecycle management, using invoice-centric AI trained on a very large invoice corpus to automate capture, coding, matching, and exception handling, while maintaining the compliance and control demanded by large, multi-ERP organizations.
Basware combines AP automation with a compliant e-invoicing network and analytics, making it suited to global enterprises that must process invoices across many countries and meet evolving regulatory e-invoicing mandates. It also offers procure-to-pay capabilities. The platform is built to handle high volumes, complex approval hierarchies, and connections to multiple back-end ERP systems simultaneously.
Basware was founded in 1985 in Finland and is headquartered in Espoo. Formerly publicly listed, it was taken private in a tender offer led by Accel-KKR (with co-investors) and now operates under private equity ownership.
Screenshots & demo
Demo video from the vendor's YouTube channel.
Features & capabilities
Invoice Capture & AI
AI-driven capture and coding of invoices at scale.
- Invoice-centric AI trained on billions of invoices
- OCR and intelligent data extraction
- Automated GL coding
- Header and line-level capture
- Multiple intake channels
E-Invoicing Network
Compliant electronic invoice exchange globally.
- Open e-invoicing network across 180+ countries
- Supplier onboarding to the network
- PO-flip and e-invoice submission
- Regulatory/mandate compliance handling
- Document validation
Invoice Matching & Workflow
Matching and routing for complex organizations.
- 2-way and 3-way matching
- Configurable approval hierarchies
- Exception management
- SmartCoding and automated routing
- Multi-entity workflows
Compliance & Control
Governance for regulated, global operations.
- Country-specific tax and e-invoicing compliance
- Audit trails
- Segregation of duties controls
- Spend visibility and control
Analytics
Reporting and spend insight.
- AP and spend analytics dashboards
- KPI and cycle-time reporting
- Supplier and exception analytics
Integration
Connectivity to multiple back-end systems.
- Connectors for SAP, Oracle, Microsoft Dynamics, NetSuite
- Multi-ERP support
- API integration
- Procure-to-pay capabilities
Common use cases
- Global enterprises processing invoices across many countries
- Organizations needing compliant e-invoicing under regional mandates
- Companies running multiple ERPs that need one AP automation layer
- Shared service centers handling very high invoice volumes
- Finance teams requiring strong audit and compliance controls
- Businesses onboarding large supplier networks to e-invoicing
Strengths & considerations
Strengths
- One of the largest open e-invoicing networks, spanning 180+ countries
- Invoice-centric AI trained on a very large invoice corpus
- Built for complex, multi-ERP global enterprise environments
Considerations
- Enterprise orientation makes it less suited to small businesses
- Implementation and configuration can be substantial for complex deployments
ERP integrations
Pricing
Enterprise pricing based on invoice/document volume, network usage, modules, and ERP connections. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS (multi-tenant)
- Data residency
- EU, US
- Compliance
- SOC 2, ISO 27001
- Mobile app
- Yes
- Languages
- English, Finnish, German, French, Swedish
About the vendor
- Founded
- 1985
- Headquarters
- Espoo, Finland
- Employees
- ~1,500-3,000
- Ownership
- Private equity
Alternatives to Basware in AP Automation
Basware — frequently asked questions
What is Basware best known for?
Enterprise AP automation combined with one of the largest open e-invoicing networks, reaching suppliers across 180+ countries with regulatory compliance.
Can Basware support multiple ERPs at once?
Yes. It is built for complex, multi-ERP environments and connects to systems such as SAP, Oracle, Microsoft Dynamics, and NetSuite simultaneously.
Is Basware publicly traded?
No longer. Formerly listed, it was taken private through a tender offer led by Accel-KKR with co-investors and now operates under private equity ownership.
Does Basware help with e-invoicing mandates?
Yes. Its e-invoicing network is designed to handle country-specific compliance and the rollout of regional e-invoicing mandates.
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