Company Overview

About Basware

Basware Details

Founded

1985

Revenue

$186M

Team Size

1.7K

What SIA Thinks

Basware is a trusted software solution designed for businesses that want to streamline their financial operations. If managing invoices, payments, and procurement sounds overwhelming, Basware offers an easy way to handle these tasks. It helps you keep track of all your invoices, making sure they are processed and paid on time. This reduces the hassle of chasing approvals and ensures accuracy, helping companies avoid costly mistakes.

For those dealing with multiple suppliers, Basware simplifies the procurement process. It allows businesses to manage all their supplier information and purchase orders in one place. This kind of centralization makes it easier to find the best deals and maintain good relationships with suppliers, as well as to keep an eye on expenditure.

Basware also offers robust analytics capabilities. This means you can generate reports to get actionable insights about your financial activities. Understanding where your money goes and where you can save is much simpler when everything is clearly laid out. By making this data available in real-time, companies can make smarter decisions faster.

One of the strengths of Basware is its scalability. It’s designed to grow with your business, so whether you're a small startup or a large corporation, the platform can adjust to meet your needs. Plus, it integrates seamlessly with many other software systems, making it a versatile addition to your existing tech stack.

Moreover, compliance with local and international financial regulations is a built-in feature. This means less worry about whether your company is adhering to the necessary rules and standards.

In summary, Basware helps companies of all sizes manage, simplify, and optimize their financial transactions and procurement processes. It’s a comprehensive tool that takes the guesswork out of financial management, providing clarity and efficiency for businesses everywhere.

Metrics History

7/22 - 4/24

Trending up by 5.2% this month
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Pros and Cons

Pros

  • Time-saving features
  • Global support
  • User-friendly interface
  • Automated invoices
  • Quick implementation
  • Scalable solutions
  • User-friendly interface
  • Time-saving features
  • Streamlined invoicing
  • Global reach

Cons

  • Complex integrations
  • Limited customization
  • Steep learning curve
  • High setup cost
  • Occasional performance issues
  • Costly for small businesses
  • Support response time
  • Limited customization
  • Complex setup
  • Learning curve

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