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Drive efficiencies at
Spotlighting companies that promote
innovation in the payments industry scale with automated
invoicing
ISO/MLS contact:
asware was founded in 1985 in Finland, at a Jason Kurtz, CEO
time when paperwork still involved paper, www.basware.com/en
and lots of it. Though the digital revolution
B was making it possible to digitize and auto- www.basware.com/en/contact-us
mate internal processes, AP clerks still spent days wading
through stacks of envelopes, and CFOs wondered why
processing invoices was almost as expensive as paying es and reduce risk across finance operations by lever-
them. That's when a team of Finnish finance software aging Basware's 40 years of specialized experience.
experts decided to solve the paperwork problem for AP
teams, by building the world's first invoice processing Partner-centric growth
software with what they identified as a "scan & capture"
workflow designed to digitize paper invoices. Basware's mission is to make cross-border compliance,
invoice digitization and touchless invoice processing just
Basware, which currently employs more than 1,300 staff happen for its customers, the company stated, noting that
members in 13 countries, became a privately held corpo- it will continue to focus on helping enterprise partners
ration in 2022 in a go-private transaction led by software elevate finance process best practices. Basware will create
private equity firm Accel-KKR. The company continues value by helping clients and partners meet ever chang-
to leverage artificial intelligence (AI) and machine learn- ing regulatory requirements, the company stated, while
ing (ML) technologies, Basware representatives stated, maintaining a partner-first strategy and outlook. its
noting that its AP automation and invoicing platform is strongly aligned partnerships will enable Basware clients'
designed to help companies reduce errors and risks and AP departments become 100 percent touchless, the com-
achieve new levels of efficiency. pany stated, describing its guiding principles as follows:
• High business ethics: Guided by code of ethics in
Reduce time, improve cash flow all interactions and relationships.

Custom pages on our high-traffic website showcasing Jason Kurtz, CEO at Basware, noted that finance teams • Customer value: Focused on delivering long-term
value to customers, partners and team members
are scrambling to process invoices, forecast next month's
your company’s unique message cash flow and stay compliant with regulatory changes in- while maintaining an agile and responsive way of
working.
stead of focusing on growth. "Basware brings a unique
combination of true automation, complete coverage, and • Accountability: Driven to high performance
• Your own, customized News from the Wire that highlights deeper expertise, so now it all just happens," he said, add- backed by accountability and trusted partnerships.
ing that the company helps Hewlett Packard, Mercedes-
stories about your company Benz, DHL and other leading brands manage over 220 • Innovation: Motivated to explore, challenge the
status quo, and continuously improve.
million invoices a year while reducing time spent on AP
• Featured content: updated monthly, either by your in-house processes by up to 60 percent. • Diversity and inclusion: Devoted to fostering
growth through a diversity of backgrounds and
writers or by one of ours Kurtz further noted that Basware has been known for opinions.
its expertise in e-invoicing and AP automation platform
throughout nearly 40 years of helping customers auto- Touchless invoice processing
• Custom infographics and videos mate invoice processing, from receipt to matching, ap-
proval and payment. Basware's goal is to help customers and partners trans-
form manual and siloed ways of working into automated
• Premier content placement in each issue of The Green Sheet Delivering true automation accounts payable processes, the company said. To this
end, Basware will help companies automate all types of
• And so much more... Describing Basware's vision as delivering true automa- invoices, including invoices with purchase orders from
tion for a CFO's team, company representatives cited the
various ERP or purchasing systems, recurring invoices,
following competitive advantages of its platform: non-purchase-order-backed invoices, and invoices in-
volving additional charges, in a fully touchless way.
Rick@greensheet.com • True automation: Eliminate all manual invoice pro- "All can be processed in a fully touchless manner with
cesses with an AI/ML-powered solution.
• Complete coverage: Integrate with 250 ERPs across
our AI-powered automation technology," Kurtz said.
more than 190 countries and the world's largest open
707-284-1693 • Deep expertise: Identify and implement best practic- "This not only minimizes manual efforts for both end us-
network.
ers and AP professionals, but provides actionable insights
on how to continuously optimize operations."
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