Basware: What Makes It Great (AP Automation SolutionMap Spring 2021 analysis)

The accounts payable (AP) automation market holds a variety of solution providers specializing in elements of invoice management. But few have a history that stretches as far back as Basware’s, which has been serving finance and procurement organizations since 1985.

Basware is a Finland-based technology company that specializes in global procurement and AP automation solutions. What started as a smaller, region-specific company has grown to become a global solution processing $789.30 billion annually. It’s home to one of the largest e-invoicing and B2B commerce networks in procurement.

The SolutionMap Spring 2021 launch reinforces this position, putting Basware in the top for functional scores. The company was named a solution leader by Spend Matters’ analysts in the AP Automation category.

So where does Basware stand out most and help “set the bar” in AP automation, and why should this matter for procurement organizations? Let’s delve into the SolutionMap benchmark to find out where Basware is great.

“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider subscribers. Based on both our rigorous evaluation process and customer reference reviews, each brief offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.