Basware's AP Automation solution digitizes and automates the entire accounts payable process, from invoice receipt to payment. By leveraging advanced technologies like artificial intelligence and machine learning, it enables touchless invoice processing, reducing manual intervention and accelerating approval cycles. The solution integrates seamlessly with existing enterprise resource planning (ERP) systems, ensuring real-time visibility into financial data and facilitating compliance with global invoicing regulations. Key features include SmartCoding for intelligent invoice coding, Basware Insights for analytics and reporting, and SmartPDF for converting PDF invoices into e-invoices. This comprehensive approach helps organizations achieve greater operational efficiency, cost savings, and improved supplier relationships.

Features:

• Touchless Invoice Processing: Automates the entire invoice lifecycle, minimizing manual handling and reducing processing times.
• SmartCoding: Utilizes machine learning to automatically code invoices based on historical data, enhancing accuracy and efficiency.
• Basware Insights: Provides advanced analytics and reporting tools for better financial decision-making and process optimization.
• SmartPDF: Converts PDF invoices into structured e-invoices, facilitating seamless digital processing.
• AP Protect: Offers fraud detection and prevention mechanisms to safeguard against erroneous or fraudulent invoices.
• AP Audit & Recovery: Ensures compliance and identifies potential recoveries through continuous auditing of AP transactions.
• Statement Matching: Automates the reconciliation of supplier statements with invoices and payments, ensuring accuracy in accounts.
• Invoice Matching: Automatically matches invoices with purchase orders and goods receipts to validate transactions and prevent discrepancies.