What is Basware software used for?
Basware provides businesses with financial automation solutions. It facilitates businesses in streamlining their procurement, accounts payable automation, and e-invoicing processes. With Basware as your trusted partner, you can elevate your financial operations with complete coverage and deeper expertise. What is Basware. Basware software streamlines financial operations by automating invoice processing, capturing data through electronic invoicing or scanning, and validating it against purchase orders and contracts.Founded in 1985, Basware is a leading provider of network accounts payable (AP) automation solutions, offering a comprehensive suite of tools and expertise to streamline invoice processing for businesses worldwide.Basware, which has established itself as a global leader in accounts payable (AP) automation and invoice processing, is a company showing little sign of slowing down. In 2023, bookings rose by 52%, recurring revenue accelerated year-on-year and the business brought on board more than 100 high-profile brands.Basware is how the world’s best finance teams get complete control of every invoice, every time. Our Invoice Lifecycle Management Platform provides maximum efficiency, compliance and control for the complete end-to-end process across all invoice transactions.Under the leadership of CEO Jason Kurtz, Basware continues to push the boundaries of financial technology, offering unparalleled support and expertise. With a global presence and a commitment to sustainability, Basware empowers organisations to drive growth and success in an ever-evolving economic landscape.
How is Basware used in SAP?
Certified. Basware is a certified SAP partner, a Microsoft Gold Partner, and has integrated with hundreds of other ERPs. Through Basware open APIs, master data and purchase order information from different ERPs is available throughout the procure-to-pay process. Fortune 500 Companies Apple’s use of SAP as an ERP software solution is quite unique and innovative. Apple and SAP joined forces to redefine the mobile work experience. They did this by combining SAP’s expertise in enterprise software with Apple’s technology and design capabilities.Coca-Cola implemented the SAP ERP system in 2003, incorporating it into a wide array of services across 45 countries with 15,000 users.The Basware Group consists of Basware Corporation (parent company, headquartered in Finland) and several subsidiary companies worldwide, owned by Basware Corporation. Each of our group companies is established, employs people and operates in accordance with the applicable legal requirements.SAP stands for Systems Applications and Products in Data Processing. SAP, by definition, is also the name of the ERP (Enterprise Resource Planning) software as well as the name of the company. SAP Software is a European multinational, founded in 1972 by Wellenreuther, Hopp, Hector, Plattner, and Tschira.Basware is a certified SAP partner, a Microsoft Gold Partner, and has integrated with hundreds of other ERPs. Through Basware open APIs, master data and purchase order information from different ERPs is available throughout the procure-to-pay process.
What is Basware software?
Basware is how the world’s best finance teams get complete control of every invoice, every time. Our Invoice Lifecycle Management Platform provides maximum efficiency, compliance and control for the complete end-to-end process across all invoice transactions. Basware Corp (Basware) is a provider of networked purchase to pay and e-invoicing solutions. It offers financial solutions and related services through its cloud-based platform.Basware is a leading provider of accounts payable invoice automation (APIA) and integrates with over 250 different ERP solutions. If you’d like to aggregate 100% of your financial data and harmonize your ERP & APIA landscape, read more here or download our ERP checklist factsheet.Basware, founded in 1985, is a global pioneer in the fast-growing market for e-sourcing, e-procurement, e-invoicing and accounts payable automation software, delivered predominantly under a software-as-a-service model.Basware Network. The Basware Network makes doing business easy. It lets you send and receive orders, invoices, credit notes and catalogs – quickly, simply and with fewer errors. No wonder it’s the network of choice for over one million organizations, across more than 100 countries.
Is Basware an ERP system?
Basware is a leading provider of accounts payable invoice automation (APIA) and integrates with over 250 different ERP solutions. If you’d like to aggregate 100% of your financial data and harmonize your ERP & APIA landscape, read more here or download our ERP checklist factsheet. As a SaaS system, the Basware platform is built around cloud computing, making it resilient to the failure of individual hardware components. This also means all your files and data are backed up and equipped with proper recovery procedures in case of a system failure.
Who owns Basware?
On the 15th of July, a consortium of investors including long-time Basware investors, Long Path Partners and Briarwood Capital Partners, along with Accel-KKR, a technology-focused global investment firm, successfully acquired over 95% of Basware shares through a voluntary public tender offer. Accel-KKR Portfolio & Investments In Accel-KKR’s 20-plus year history, the firm has a proven track record – with 350+ investments completed and 11 funds. This makes AKKR one of the most active PE firms in the tech and software sector.Accel-KKR is a benchmark investor in the US software sector. Its ability to replicate success across different economic cycles is due to rigorous pre-selection criteria and a strong commitment to the companies it invests in.