About Basware

Basware is a provider of e-invoicing and purchase-to-pay solutions for businesses all over the world, in a wide range of industries. A number of solutions are available, designed to assist users in automating e-procurement, e-invoicing, and accounts payable processes, alongside managing fixed assets, inventories, contract lifecycles, travel & expenses, and more.

Basware offers users access to the Basware Network, an international business ecosystem which connects more than 220+ B2B networks around the globe. Joining the network enables businesses to connect with their trading partners and potential customers, exchange eCatalogs, send and receive invoices and purchase orders, create credit notes, join payment programs, and more. Basware supports over 70 different formats for e-invoices and automatically converts sent invoices to the preferred format of the recipient, removing the need for users to prepare different invoice or order types for different trading partners.

Basware Purchase enables users to automate their procurement process using built-in best-practice workflows to manage reviews and approvals for requisitions, purchase order creation, and goods receipt processes. The accounts payable processing software can make decisions on the best way to process invoices on behalf of users, based on approval policies, business rules, and the information in the invoice. Invoices are also automatically matched to orders, contracts, or goods receipts at the header level, line level, or both, to create coding and initiate workflows. Users are notified of new tasks, missing receipts, and auto-escalations, and can collaborate on individual invoices through ‘chat-like’ dialogues.

Basware offers users access to analytics covering the full purchase-to-pay process, giving users the opportunity to proactively manage KPIs, recognize problems and their causes, and identify cost savings across the whole enterprise. Ad hoc reports can be created at any time, and shared with colleagues through the native Android and iOS mobile apps.

Key benefits of Basware

  • Basware supports over 70 e-invoice formats, with sent e-invoices automatically converted to trading partners’ preferred formats, and received e-invoices automatically converted to users’ preferred formats.

  • Purchase orders, sales invoices, and purchase invoices can all be managed in a single place, giving greater visibility into financial processes.

  • Travel plans can be created by employees, with cost estimates, and approved before travel is booked, and receipts for expenses incurred on business trips can be captured by taking a photo with a smartphone or tablet.

  • Built-in best-practice workflows automate purchase requisitions and orders, and enable users to manage processes including requisition review and approval, and goods receipt processes.

  • Users can view real-time analytics of cash flow, spend, and financial performance, giving visibility across the full purchase-to-pay process and enabling users to identify any process bottlenecks.

  • Devices

    Business size

    S M L

    Markets

    Australia, Canada, China, Germany, United Kingdom, Japan, United States

    Supported Languages

    Arabic, Chinese, Danish, Dutch, English and 9 others, Finnish, French, German, Italian, Norwegian, Polish, Russian, Swedish, Traditional Chinese

    Images

    Basware offers interactive data visualizations for users to utilize in financial decision-making
    Accounts payable process analytics can be filtered by organization, invoice origin, invoice type, and more
    Basware's analytics for business managers enable users to track spending, control expense patterns, and manage budgets
    Users can drill down into data on working capital, cash flow, and operational performance metrics in Basware's analytics for financial leaders
    Procurement analytics give users insight into demand, spend, and supplier rationalization opportunities
    Real-time performance metrics enable users to improve service levels across companies and business units
    All of Basware's analytics dashboards can be accessed through tablet devices, enabling users to make financial decisions on-the-go
    Users can manage their tasks through Basware's native iOS and Android apps
    Invoices can also be viewed through the mobile apps
    Basware's mobile apps allow users to review and approve purchase orders and invoices on-the-go
    View 11 more
    Basware video
    Basware screenshot: Basware offers interactive data visualizations for users to utilize in financial decision-making Basware screenshot: Accounts payable process analytics can be filtered by organization, invoice origin, invoice type, and more Basware screenshot: Basware's analytics for business managers enable users to track spending, control expense patterns, and manage budgets Basware screenshot: Users can drill down into data on working capital, cash flow, and operational performance metrics in Basware's analytics for financial leaders Basware screenshot: Procurement analytics give users insight into demand, spend, and supplier rationalization opportunities Basware screenshot: Real-time performance metrics enable users to improve service levels across companies and business units Basware screenshot: All of Basware's analytics dashboards can be accessed through tablet devices, enabling users to make financial decisions on-the-go Basware screenshot: Users can manage their tasks through Basware's native iOS and Android apps Basware screenshot: Invoices can also be viewed through the mobile apps Basware screenshot: Basware's mobile apps allow users to review and approve purchase orders and invoices on-the-go

    Features

    Total features of Basware: 69

    • Accounting Integration
    • Ad hoc Reporting
    • Approval Process Control
    • Archiving & Retention
    • Asset Management
    • Barcode / Ticket Scanning
    • Billing & Invoicing
    • Billing Rate Management
    • Budgeting/Forecasting
    • Cash Management
    • Cataloging/Categorization
    • Claims Management
    • Collaboration Tools
    • Compliance Management
    • Contract/License Management
    • Cost Estimating
    • Credit Card Management
    • Credit Card Processing
    • Customizable Templates
    • Data Extraction
    • Data Verification
    • Data Visualization
    • Discount Management
    • Duplicate Payment Alert
    • ERP
    • Employee Self Service
    • Estimating
    • Expense Claims
    • Expense Tracking
    • Financial Analysis
    • Financial Management
    • Forecasting
    • Inventory Management
    • Inventory Optimization
    • Invoice Management
    • Invoice Processing
    • Lifecycle Management
    • Mobile Access
    • Multi-Channel Management
    • Online Catalog
    • Order Management
    • Procurement Management
    • Product Identification
    • Purchase Order Management
    • Purchasing & Receiving
    • Purchasing Reports
    • Real Time Analytics
    • Real Time Data
    • Receipt Management
    • Receiving/Putaway Management
    • Recurring Payments
    • Reorder Management
    • Reporting/Analytics
    • Requisition Management
    • Search/Filter
    • Sourcing Management
    • Spend Analysis
    • Spend Control
    • Spend Management
    • Supplier Management
    • Third Party Integrations
    • Time & Expense Tracking
    • Transaction History
    • Travel Management
    • User Management
    • Vendor Management
    • Visual Analytics
    • Warehouse Management
    • Workflow Management

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    Reviews

    Overall rating

    4,1 /5
    (18)
    Value for Money
    3,9/5
    Features
    4/5
    Ease of Use
    4,1/5
    Customer Support
    3,9/5

    Already have Basware?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 18
    Radmir S.
    Overall rating
    • Used Daily for 1+ year
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Reviewed on 2017/11/22

    Verified Reviewer
    Overall rating
    • Industry: Oil & Energy
    • Company size: 10 000+ Employees
    • Used Daily for 1+ year
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 7.0 /10

    Great tool for processing invoices

    Reviewed on 2020/04/03

    Overall experience is very good. This app is a great improvement in processing payable invoices in...

    Overall experience is very good. This app is a great improvement in processing payable invoices in company. Process is smoother, easier and faster. Also, Basware works great as an audit evidence.

    Pros

    Basware is basically a tool which enables to process payable invoices. It allows you to upload them, input accounting string, and transfer to your ERP system. It works very well with Oracle Finance which is a great advantage. Processing invoices is relatively easy, requires 4-eye principle to be met. It allows you to add attachments, notes and perform basically whole communication regarding the invoice in one application without using neither e-mail, nor external communicator. Overall experience with this application is really great.

    Cons

    Purchase order processing is not the best so if you have a lot of it in your company, you may need to consider some other app. It works slow and is not intuitive.

    Robert R.
    Overall rating
    • Industry: Hospital & Health Care
    • Review Source

    Overall rating

    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    Easy to use

    Reviewed on 2015/10/22

    Pros

    Very good tech support. The will listen to ideas to up grade the software to suit your needs

    Cons

    I have made this suggestion many times. They need to link the work order request number to the actual work order. Same as when you create a P.O. from a request into an actual P.O.

    Verified Reviewer
    Overall rating
    • Industry: Accounting
    • Company size: 5 001-10 000 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    My daily accounting software that I can recommend

    Reviewed on 2020/03/30

    Overall I am satisfied with using Basware at work and hopefully I will enjoy working with it for a...

    Overall I am satisfied with using Basware at work and hopefully I will enjoy working with it for a long time.

    Pros

    I am a Basware superuser in my company so I am very familiar with this software (P2P). It is easy to use and most importantly, it is possible to code invoices very fast and effective. My favourite feature is „invoice history” where I can view the entire history of an invoice and any potential errors that have occured.

    Cons

    What I dislike about this software that sometimes I run into some unexpected errors and have to close and open Basware again.

    Response from Basware

    Thank you for taking time to review the Basware P2P software.

    Shawn G.
    Overall rating
    • Industry: Hospital & Health Care
    • Review Source

    Overall rating

    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    ProcureIT review

    Reviewed on 2015/10/21

    Pros

    The product is continuously improved with each update and the support from Verian is great. They have the resources and expertise of a large company, with the accessability of a much smaller organization.

    Cons

    While there is a lot of documentation with each upgrade or system improvement, it is sometimes overwhelming. A more simplistic explanation or guide would at times be helpful.

    Showing 5 reviews of 18 Read all reviews

    Basware FAQs

    Below are some frequently asked questions for Basware.

    Basware offers the following pricing plans:

    • Starting from: US$100 000,00
    • Free Trial: Not Available

    Pricing information is available on request.

    We do not have any information about Basware features

    Basware has the following typical customers:

    201-500, 501-1 000, 1 001+

    Basware supports the following languages:

    Arabic, Chinese, Danish, Dutch, English, Finnish, French, German, Italian, Norwegian, Polish, Russian, Swedish, Traditional Chinese

    Basware supports the following devices:

    Android (Mobile), iPhone (Mobile), iPad (Mobile)

    Basware integrates with the following applications:

    JD Edwards EnterpriseOne

    Basware offers the following support options:

    Email/Help Desk, Knowledge Base, 24/7 (Live rep), Chat

    Related categories

    See all software categories found for Basware.