Basware Review

Overview

Basware is a leading provider of e-invoicing and purchase-to-pay solutions that empower businesses to improve their financial operations by streamlining and simplifying important financial processes. The Basware Commerce Network links 1 million enterprises across 100 nations and facilitates effortless collaboration between suppliers and buyers of all sizes.

Basware enables organizations to buy and pay for goods and services in a cost-efficient, paperless, and simplified way with a platform that facilitates collaboration in the purchasing process. All parties can work together and corporations can gain visibility on products ordered, bought, and received. This deep and broad purchase-to-pay application enforces controls, automates sanctioning and payment processes, and saves up to 5-15% of a company’s bottom line.

Benefits

Range of Solutions

Basware offers a number of products that helps users to automate accounts payable, e-invoicing, and e-procurement processes, and manage travel and expenses, contract lifecycles, inventories, fixed assets, and more.

Basware Network

Users get access to the Basware Network which is a global business system that links over 220 B2B networks around the world. Businesses can join the network to connect with potential customers as well as their company’s trading partners, exchange e-catalogs, receive and send purchase orders and invoices, join payment programs, produce credit notes, and more. Basware offers support to more than 70 e-invoice formats and automatically transforms sent invoices to the recipient’s chosen format, which eliminates the need for you to prepare different order or invoice types for various trading partners.

Basware Purchase Module

This module enables you to automate your procurement process with inbuilt best-practice workflows to handle approvals and reviews for goods receipt, purchase order creation, and requisitions procedures. The accounts payable processing module can make decisions on the ideal way to process users’ invoices based on info in the invoice, business rules, and approval policies. Invoices are automatically matched to goods receipts, contracts, orders at the line level, header level, or both, to produce coding and commence workflows. Users get notifications on auto-escalations, missing receipts, and new tasks, and can work together on individual invoices via chat-like dialogs.

Access to Analytics

Basware provides you access to analytics that cover the entire purchase-to-pay procedure, enabling you to proactively handle KPIs, recognize issues and their causes, and spot cost savings opportunities across the enterprise. You can create ad hoc reports any time and share them with colleagues via native iOS and Android mobile apps.

Product Features

Pricing

Basware pricing details are not provided on the product website. Contact the vendor to get accurate pricing information.