Basware advertises itself as ‘the largest open business network in the world”. It is a large international business located in Finland and providing a range of procurement solutions, focusing on the procure-to-pay (P2P) space and accounts payable automation.
Apart from its large marketplace and networking system, it offers full workflow automation covering P2P and AP management. Basware also provides a powerful, ML-based analytics algorithm.
Additionally, Basware provides several optional solutions, including a Dynamic Discount explorer and special solutions for mid-sized businesses, supplier management, working capital optimization, and T&E management.