DRIVE TOUCHLESS INVOICE PROCESSING AND GAIN SPEND VISIBILITY WITH AP AUTOMATION

Basware supports 70+ e-invoice formats and enables VAT compliance in more than 50 countries. Basware’s global AP solution is used by over 2 million buyers and suppliers in 175+ countries.

Want to keep up to date with global e-invoicing compliance?

Use our Global Compliance Map to stay updated on global compliance and e-invoicing regulations country by country. 

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With complete invoice data at hand, you have visibility in to how your organisation spends money, who you’re spending it with, and the cash flow in and out of your business – allowing you to bridge the gap between data and strategic decision-making.

Basware’s advanced matching and coding technologies and payment plans are designed to streamline your AP processes. Built on cutting edge technology, you can minimise exception handling and manual processing of invoices.

Basware substantially decreases invoice processing cycle times to speed up payments to your suppliers. The earlier you pay, the more likely it is that you realize early payment discounts.

Leverage the largest global, compliant, open commerce network to interact and collaborate with suppliers. The Basware Network is supported by easy onboarding services, that require no fees to join. This means you can easily connect to all your suppliers – from the largest to the smallest.

• More than 2 million active buyers and suppliers
• Over 220 interoperability partners
• Manage invoices in 175 countries across the world
• Global e-invoice formats supported
• Automated global compliance in more than 50 countries

Our vision for AP automation is to be touchless, we want to automate the entire invoice process. To reach this, all possible exceptions and deviations in the process need to be identified and automated, one by one.

Learn more about our AI powered touchless invoice processing.

With all invoice data provided by the Basware Network, our advanced AP automation helps to cut processing times and drive cost savings. Automate 100% of your invoices for all types and formats - EDI, XML, paper, PDF, covering PO and non-PO invoices for direct and indirect spending. Deliver high automation rates with superior data accuracy for a touchless invoice process.

For your organisation, Basware’s advanced AP Automation means:

• Less human intervention
• Fewer errors & better data quality
• More efficient processes
• Cutting-edge technology powered by AI & Machine Learning.

Basware Analytics and Business Insights help you to become insights-driven to continuously improve your AP process.

Actionable Insights

Critical KPIs at a glance, insights into process inefficiencies, and recommendations for improvements. Our specialized algorithms support your organization to identify bottlenecks in processes and address them, to make sure that invoice process is working, and incoming and outgoing payments are made correctly and on time. With late payments becoming a bigger issue for many businesses, this can be a significant boost to supplier satisfaction.

Better decision making with accurate forecasting:

Basware’s predictive analytics and committed spend analytics gives you a 360° view of your organisation’s spend today and offer insights into the future, so you can make more strategic, data-driven decisions.

Benchmarking:

The Basware Network makes it simple to compare suppliers against similar vendors, helping you to understand the market rates, track performance, and negotiate more favorable contracts.

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 system automatically determines the recipient and sends the invoice along for coding and processing.

Basware AP Automation 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.

Another area where touchless processing delivers significant benefits is for recurring payments that may not have invoices already associated with them. Some examples of these are rent, utility charges, mobile phone plans, etc. Basware AP Automation easily learns and identifies recurring payments and supports the automation of these payments – 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 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.. SmartCoding leads to more consistent invoice coding and prevents mistakes by users in the process. Data quality for reporting purposes improves and advanced machine learning continuously enhances the accuracy of coding proposals.

You can apply coding templates to automate the processing of invoices for certain non-PO invoices based on supplier, commodity, and the requesting user. Data from the invoice header or invoice lines are used to define proper invoice coding and automate the process, reducing manual intervention.