Basware

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.

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.

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.

Alternatives

• Tipalti
• Coupa
• Medius
• Corcentric

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.