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Basware
Automated accounts payable and global e-invoicing for enterprise finance.
What it does
Automates accounts payable workflows with AI-based capture, validation, and touchless invoice matching. Facilitates compliant e-invoicing across international tax jurisdictions and buyer-supplier networks. Provides procure-to-pay oversight to optimize working capital and corporate spend management. Offers real-time analytics on invoice lifecycles, payment status, and vendor cash flow metrics.
Why it works
High touchless processing rates significantly reduce cost per invoice processed. Built-in international tax compliance across over 190 countries simplifies global operations. Direct integration with enterprise ERP systems maintains data consistency without migration. Large global e-invoicing network connects millions of buyers and suppliers seamlessly.
Category: Business & Operations
Team Size: 100+
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As of 2026
Business & Operations
Revenue: $100M+ ARR
Automated accounts payable and global e-invoicing for enterprise finance.
Overview
Basware is an enterprise software platform specializing in accounts payable automation, e-invoicing, and procure-to-pay solutions. It connects global buyers and suppliers on a centralized network to automate invoice matching, manage compliance across tax jurisdictions, and improve cash flow visibility. By leveraging AI-driven touchless processing, Basware reduces manual data entry and minimizes operational invoice processing costs.
Funding status: Acquired
Revenue source: Subscriptions
Customer type: B2B
Pricing: Subscription
Tech stack: C#, .NET, Angular, Python, SQL Server, AWS, Azure
Platform: Web
Integrations: SAP, Oracle, Microsoft Dynamics, Workday, NetSuite, Infor, Coupa
Founder story
Basware was founded in 1985 in Espoo, Finland, initially operating as Baltic Accounting Systems. In 1990, a Finnish management team led by Hannu Vaajoensuu, Ilkka Sihvo, Kirsi Eräkangas, Sakari Perttunen, and Antti Pöllänen acquired the company. They pivoted to automated invoice processing software to solve manual paper-heavy financial workflows for enterprise businesses globally.
What it does
- Automates accounts payable workflows with AI-based capture, validation, and touchless invoice matching
- Facilitates compliant e-invoicing across international tax jurisdictions and buyer-supplier networks
- Provides procure-to-pay oversight to optimize working capital and corporate spend management
- Offers real-time analytics on invoice lifecycles, payment status, and vendor cash flow metrics.
Who it's for
- Enterprise CFOs & Finance Leaders
- Accounts Payable Teams
- Procurement Operations
- Global Multinationals
Why it works
- High touchless processing rates significantly reduce cost per invoice processed
- Built-in international tax compliance across over 190 countries simplifies global operations
- Direct integration with enterprise ERP systems maintains data consistency without migration
- Large global e-invoicing network connects millions of buyers and suppliers seamlessly.
Growth strategies
- Targeted enterprise direct sales to global Fortune 500 companies
- Strategic acquisitions of regional AP automation and e- invoicing software vendors
- Deep partner co- selling with ERP ecosystems like SAP and Microsoft
- Expansion of e- invoicing network network-effect through supplier onboarding
Alternatives
Comparison overview
- Basware specializes in enterprise-grade global e-invoicing compliance and touchless accounts payable automation.
- Alternative platforms like Coupa offer broader source-to-pay procurement suites, whereas Tipalti focuses heavily on mid-market global payables and mass payout automation.