PayStream analysts recently held a briefing with Basware to discuss the company’s AP automation solution – BasWare Invoice Automation (IA) – and understand its value proposition to clients. Basware is a Finnish company that now has operations in over 20 countries worldwide. BasWare IA applications enables its clients to automate all invoice types including purchase order (PO) or contract based invoices, recurring invoices as well we non-PO invoices that require review and approval.

Basware IA solution sets the company apart in several ways. Firstly, depending on your business needs, one can choose between using BasWare’s proprietary imaging solution – FastScan – and integrating the solution with a third party scanning application. Another differentiator for Basware’s solution is in its robust workflow tool, which offers most of its functionality out-of-the-box. BasWare prides itself on the fact that clients can “configure” the solution to meet their requirements rather than having to go through the time-consuming process of “customizing” it. Such an implementation can be completed in as little as 6 to 8 weeks.

We were also impressed with the fact that Basware has experience integrating its AP solution with over 175 ERP systems, resulting in a solution that can not only post transactions seamlessly to the clients’ General Ledger applications, but also gathers information, such as the vendor details, tax tables, etc. required for matching or approval from back-end accounting systems. Users also find the data archiving features helpful, as all activity performed in the solution is logged with date and time stamps. Further, if an organization elects to use a third party content management system, Basware can integrate with that as well.

Last 5 posts by Davis Kuykendall

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