Basware Features

Users can create new contracts within the platform using built-in document creation features.

Create and access templates with to streamline contract creation, taking advantage of pre-written contract clauses and fields.

Relevant contract stakeholders can edit, compare, and revise multiple versions of contracts.

Additional information, such as images, memos, and invoices, can be attached to contracts as supplemental resources.

Internal and external users are able to collaborate on contracts through a shared web portal with messaging features.

Contract approvals processes can be streamlined, so that departmental workflows are integrated logically into the system.

Receive notifications and schedule reminders with alerts according to contract milestones.

Contracts can be stored in a central online repository with built in search capabilities.

The contract management platform can integrate with CRM software to associate contracts with customer records, and with CPQ software to feed calculated quote details into the contract.

Enable standard and ad hoc reports of contract statuses and timelines, and access live overviews of contract activities.

Consolidates procurement data from multiple systems such as ERP systems and supply chain suites.

Define rules and workflows that managers can use to approve different kinds of spending.

Align spending across various departments such as procurement and accounting.

Provide standard spend KPIs that can be customized by users.

Use historical spend data to create benchmarks per company or department.

Provide forecasts on future trends that may impact spending performance.

Identify savings opportunities per activity, department, or at the company level.

Allows users to evaluate supplier performance using standard and custom KPIs.

Provide features to compare suppliers and choose the best option for various activities.

Identify potential issues and how they may impact relationships with suppliers.

Use criteria to add or remove suppliers to/from approved lists.

Manage communications with suppliers on multiple channels such as phone or email.

Capture and maintain documents related to suppliers and their products or services.

As reported in 21 Basware reviews. Use criteria to add or remove suppliers to/from approved lists.

Manage communications with suppliers on multiple channels such as phone or email. This feature was mentioned in 20 Basware reviews.

Capture and maintain documents related to suppliers and their products or services. 18 reviewers of Basware have provided feedback on this feature.

As reported in 20 Basware reviews. Compare goods received with purchase orders and document variations

Create and manage supplier profiles that include contact and pricing information.

Identify the services and products provided by suppliers, as well as certifications.

Track history of all interactions and business transactions with suppliers.

Based on 16 Basware reviews. Create and manage supplier profiles that include contact and pricing information.

As reported in 15 Basware reviews. Identify the services and products provided by suppliers, as well as certifications.

As reported in 17 Basware reviews. Track history of all interactions and business transactions with suppliers.

As reported in 19 Basware reviews. Manage workflows and business processes for procurement.

Provide standard procurement contracts that can be customized. This feature was mentioned in 16 Basware reviews.

Maintain a repository of content such as catalogs and other documents. This feature was mentioned in 18 Basware reviews.

Based on 19 Basware reviews. Define requisition rules for various types of procurement.

As reported in 20 Basware reviews. Manage workflows and business processes for procurement.

As reported in 16 Basware reviews. Provide standard procurement contracts that can be customized.

As reported in 18 Basware reviews. Maintain a repository of content such as catalogs and other documents.

Define requisition rules for various types of procurement This feature was mentioned in 17 Basware reviews.

Identify and assess suppliers for different products and services. 17 reviewers of Basware have provided feedback on this feature.

Create and manage purchase orders for products and services. 19 reviewers of Basware have provided feedback on this feature.

Based on 20 Basware reviews. Include features for procurement invoicing and e-invoicing.

Based on 17 Basware reviews. Identify and assess suppliers for different products and services.

Electronically create and manage purchase orders for products and services. This feature was mentioned in 20 Basware reviews.

Include features for procurement invoicing and e-invoicing. 18 reviewers of Basware have provided feedback on this feature.

Improve visibility into procurement activities across the company. This feature was mentioned in 19 Basware reviews.

As reported in 19 Basware reviews. Monitor the performance of procurement operations.

Based on 18 Basware reviews. Analyze procurement spending and identify future trends.

Track invoices based on due dates to identify overdue payments This feature was mentioned in 27 Basware reviews.

As reported in 22 Basware reviews. Ability to compare AP automation metrics with other companies

As reported in 25 Basware reviews. Monitor KPIs such as time to process an invoice or erroneous payments

Track invoices based on due dates to identify overdue payments 39 reviewers of Basware have provided feedback on this feature.

Analyze variations between incoming and outgoing cash This feature was mentioned in 30 Basware reviews.

Monitor KPIs such as time to process an invoice or erroneous payments 31 reviewers of Basware have provided feedback on this feature.

Based on 39 Basware reviews. Track different types of payment such as deposits or partial payments

Improve visibility into procurement activities across the company. This feature was mentioned in 18 Basware reviews.

Based on 16 Basware reviews. Monitor the performance of procurement operations

Analyze procurement spending and identify future trends. This feature was mentioned in 18 Basware reviews.

Based on 17 Basware reviews. Track invoices based on due dates to identify overdue payments

Monitor KPIs such as time to process an invoice or erroneous payments This feature was mentioned in 16 Basware reviews.

Provide features to capture invoices such as import or scanning 27 reviewers of Basware have provided feedback on this feature.

Allow suppliers to submit invoices using an online portal This feature was mentioned in 22 Basware reviews.

Based on 22 Basware reviews. Deliver a central repository of AP documents, such as POs and invoices

Provide features to capture and record invoices, such as import or scanning 18 reviewers of Basware have provided feedback on this feature.

Allow suppliers to submit invoices using an online portal 18 reviewers of Basware have provided feedback on this feature.

As reported in 16 Basware reviews. Deliver a central repository of AP documents, such as POs and invoices

As reported in 27 Basware reviews. Ability to match AP invoices to POs, contracts, or payments

Identify incomplete or late supplier payments This feature was mentioned in 25 Basware reviews.

Based on 30 Basware reviews. Include workflows for approvals and invoice processing

Comply with local and global tax regulations for collections This feature was mentioned in 22 Basware reviews.

Include workflows for approvals of invoices or payments This feature was mentioned in 43 Basware reviews.

Process multiple invoices without human intervention This feature was mentioned in 36 Basware reviews.

Based on 35 Basware reviews. Allow users to consolidate multiple invoices into one

As reported in 44 Basware reviews. Match invoices with purchases and sales orders, as well as with payments

Ability to match AP invoices to POs, contracts, or payments This feature was mentioned in 18 Basware reviews.

Based on 17 Basware reviews. Identify incomplete or late supplier payments

Based on 19 Basware reviews. Include workflows for approvals and invoice processing

As reported in 15 Basware reviews. Comply with local and global tax regulations for collections

As reported in 15 Basware reviews. Electronically submit invoices to buyers

Based on 28 Basware reviews. Provide integration with accounting and financial management software

Integrate with payment gateways and enterprise payments software 21 reviewers of Basware have provided feedback on this feature.

Deliver integrations with accounting modules of ERP systems This feature was mentioned in 26 Basware reviews.

Based on 38 Basware reviews. Provide integration with accounting and financial management software

As reported in 40 Basware reviews. Integrate with payment gateways and enterprise payments software

Deliver integrations with accounting modules of ERP systems This feature was mentioned in 34 Basware reviews.

Sync with company accounts to transfer payments for approved invoices This feature was mentioned in 35 Basware reviews.

Provide integration with accounting and financial management software This feature was mentioned in 16 Basware reviews.

Integrate with payment gateways and enterprise payments software This feature was mentioned in 16 Basware reviews.

Deliver integrations with accounting modules of ERP systems This feature was mentioned in 15 Basware reviews.

As reported in 19 Basware reviews. Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management

Based on 33 Basware reviews. Provide standard invoice templates that can be customized by users

As reported in 43 Basware reviews. Ability to convert invoices to digital formats such as PDF

Based on 42 Basware reviews. Automatically generates invoices at pre-defined time intervals

As reported in 17 Basware reviews. Allows users to evaluate supplier performance using standard and custom KPIs.

Provide features to compare suppliers and choose the best option for various activities. 17 reviewers of Basware have provided feedback on this feature.

Identify potential issues and how they may impact relationships with suppliers. This feature was mentioned in 15 Basware reviews.

Users can create new contracts within the platform using built-in document creation features.

Create and access templates with to streamline contract creation, taking advantage of pre-written contract clauses and fields.

Relevant contract stakeholders can edit, compare, and revise multiple versions of contracts.

Additional information, such as images, memos, and invoices, can be attached to contracts as supplemental resources.

Internal and external users are able to collaborate on contracts through a shared web portal with messaging features.

Contract approvals processes can be streamlined, so that departmental workflows are integrated logically into the system.

Receive notifications and schedule reminders with alerts according to contract milestones.

Contracts can be stored in a central online repository with built in search capabilities.

Identify, assess, and manage all contract risks and ensure the fulfillment of contractual obligations

The contract management platform can integrate with CRM software to associate contracts with customer records, and with CPQ software to feed calculated quote details into the contract.

Ability to e-sign legally-binding contracts within the same platform.

Enable standard and ad hoc reports of contract statuses and timelines, and access live overviews of contract activities.

Provides advanced, AI-driven contract analytics to optimize all aspects of contract management.

Reduces future risks through root cause analysis and process improvement 28 reviewers of Basware have provided feedback on this feature.

Reduces frequency of errors, identifies risk and improves efficiency This feature was mentioned in 27 Basware reviews.

Scores suppliers and employees based on risk factors This feature was mentioned in 25 Basware reviews.

Identifies and recoups funds and prevents errors from happening again This feature was mentioned in 25 Basware reviews.

Offers reporting to aid in minimizing future lost profits and process breakdown This feature was mentioned in 28 Basware reviews.

Includes a library of audit-tested filters to identify AP outliers that are outside company policy This feature was mentioned in 27 Basware reviews.

Conducts a post-audit analysis of large volumes of data to identify historical payment errors and automatically generate claims This feature was mentioned in 21 Basware reviews.

As reported in 22 Basware reviews. Detects and prevents a wide range of overpayment errors

Based on 28 Basware reviews. Detects and prevents a wide range of duplicate payments

Based on 25 Basware reviews. Enables automatic checks of new vendors being set up in the system to combat potential billing schemes

Based on 25 Basware reviews. Generates comprehensive data needed to conduct a thorough investigation

Provides continuous, proactive fraud monitoring across multiple systems and data formats This feature was mentioned in 27 Basware reviews.

Online credit card number that can be instantly sent to employees and used for secure, one-time purchases

Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services

Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets

Report on spend transactions as they happen in real time

Reports that allow the user to sort and filter by vendor, team, GL, department, etc.

The ability to export reports in various formats, such as excel, CSV, and Google Sheets

Report on and track spending against budgets

Pay vendors through a dashboard or portal and maintain vendor payment information

Manage and execute recurring payments, such as subscriptions, services, utilities, etc.

Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment

Allows for the electronic transfer of funds between banks

Real-time notifications for fraudulant and/or duplicate spending

Individual, unique cards for each vendor to help manage duplicate and overpayments

Control spend limits, expiration dates, and lock and unlock stolen or lost cards

Provides a centralized library containing product data.

Enables users to assign custom categories to products.

Creates and manages product catalogs.

Assists with maintaining compliance with controlled processes, automated tracking, and audit trails.

Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities

Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management.

Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers.

Identifies noncompliant spending, fraud, and other activity outside of company policy.

Analyzes spending patterns and identifies areas to reduce costs.

Provides a dashboard for searching and reporting on contracts and projects.

Manages contracts in a single, online central repository.

Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives.

Allows users to generate text based on a text prompt.

Condenses long documents or text into a brief summary.

Allows users to generate text based on a text prompt.

Condenses long documents or text into a brief summary.

Anticipates needs and offers suggestions without prompting

Ability to break down and plan multi-step processes

Capability to perform complex tasks without constant human input

Capability to perform complex tasks without constant human input

Works across multiple software systems or databases

Improves performance based on feedback and experience

Engages in human-like conversation for task delegation

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Ability to break down and plan multi-step processes

Works across multiple software systems or databases

Improves performance based on feedback and experience

Works across multiple software systems or databases

Improves performance based on feedback and experience

Anticipates needs and offers suggestions without prompting

Capability to perform complex tasks without constant human input

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives