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4.3 out of 5
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Basware Features
What are the features of Basware?
Analytics
- Due Dates
- Cashflow
- KPIs
- Payment Tracking
Invoice Processing
- Approvals
- Batch Processing
- Consolidation
- Match Invoices
Integration
- Accounting
- Payments
- ERP
- Account Sync
Invoice Generation
- Templates
- Digital Invoices
- Recurring Invoices
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Basware Categories on G2
Filter for Features
Contract Management Platform Features
Contract Creation | Users can create new contracts within the platform using built-in document creation features. | Not enough data | |
Contract Templates | Create and access templates with to streamline contract creation, taking advantage of pre-written contract clauses and fields. | Not enough data | |
Contract Editing | Relevant contract stakeholders can edit, compare, and revise multiple versions of contracts. | Not enough data | |
Contract Attachments | Additional information, such as images, memos, and invoices, can be attached to contracts as supplemental resources. | Not enough data | |
Contract Collaboration | Internal and external users are able to collaborate on contracts through a shared web portal with messaging features. | Not enough data | |
Approval Process | Contract approvals processes can be streamlined, so that departmental workflows are integrated logically into the system. | Not enough data | |
Notifications & Reminders | Receive notifications and schedule reminders with alerts according to contract milestones. | Not enough data | |
Contract Database | Contracts can be stored in a central online repository with built in search capabilities. | Not enough data | |
Integrations / APIs | 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. | Not enough data | |
Reporting & Dashboards | Enable standard and ad hoc reports of contract statuses and timelines, and access live overviews of contract activities. | Not enough data |
Setup
Data | Consolidates procurement data from multiple systems such as ERP systems and supply chain suites. | Not enough data | |
Approvals | Define rules and workflows that managers can use to approve different kinds of spending. | Not enough data | |
Alignment | Align spending across various departments such as procurement and accounting. | Not enough data |
Performance
KPIs | Provide standard spend KPIs that can be customized by users. | Not enough data | |
Benchmarks | Use historical spend data to create benchmarks per company or department. | Not enough data | |
Forecasting | Provide forecasts on future trends that may impact spending performance. | Not enough data | |
Savings | Identify savings opportunities per activity, department, or at the company level. | Not enough data | |
Evaluation | Allows users to evaluate supplier performance using standard and custom KPIs. | Not enough data | |
Selection | Provide features to compare suppliers and choose the best option for various activities. | Not enough data | |
Risk Management | Identify potential issues and how they may impact relationships with suppliers. | Not enough data |
Management
Approval | Use criteria to add or remove suppliers to/from approved lists. | Not enough data | |
Communication | Manage communications with suppliers on multiple channels such as phone or email. | Not enough data | |
Documents | Capture and maintain documents related to suppliers and their products or services. | Not enough data | |
Approval | As reported in 20 Basware reviews. Use criteria to add or remove suppliers to/from approved lists. | 86% (Based on 20 reviews) | |
Communication | As reported in 19 Basware reviews. Manage communications with suppliers on multiple channels such as phone or email. | 84% (Based on 19 reviews) | |
Documents | As reported in 17 Basware reviews. Capture and maintain documents related to suppliers and their products or services. | 83% (Based on 17 reviews) | |
Receipt of Goods | Compare goods received with purchase orders and document variations This feature was mentioned in 19 Basware reviews. | 85% (Based on 19 reviews) |
Supplier Information
Profiles | Create and manage supplier profiles that include contact and pricing information. | Not enough data | |
Qualifications | Identify the services and products provided by suppliers, as well as certifications. | Not enough data | |
History | Track history of all interactions and business transactions with suppliers. | Not enough data | |
Profiles | Create and manage supplier profiles that include contact and pricing information. 15 reviewers of Basware have provided feedback on this feature. | 76% (Based on 15 reviews) | |
Qualifications | Identify the services and products provided by suppliers, as well as certifications. 14 reviewers of Basware have provided feedback on this feature. | 79% (Based on 14 reviews) | |
History | Track history of all interactions and business transactions with suppliers. This feature was mentioned in 16 Basware reviews. | 85% (Based on 16 reviews) |
Planning
Processes | Manage workflows and business processes for procurement. 17 reviewers of Basware have provided feedback on this feature. | 82% (Based on 17 reviews) | |
Contracts | As reported in 14 Basware reviews. Provide standard procurement contracts that can be customized. | 80% (Based on 14 reviews) | |
Content | Maintain a repository of content such as catalogs and other documents. This feature was mentioned in 16 Basware reviews. | 88% (Based on 16 reviews) | |
Requisition | Based on 17 Basware reviews. Define requisition rules for various types of procurement. | 83% (Based on 17 reviews) | |
Processses | Manage workflows and business processes for procurement. This feature was mentioned in 19 Basware reviews. | 79% (Based on 19 reviews) | |
Contracts | Provide standard procurement contracts that can be customized. 15 reviewers of Basware have provided feedback on this feature. | 71% (Based on 15 reviews) | |
Content | Maintain a repository of content such as catalogs and other documents. This feature was mentioned in 17 Basware reviews. | 75% (Based on 17 reviews) | |
Requisition | Define requisition rules for various types of procurement 16 reviewers of Basware have provided feedback on this feature. | 80% (Based on 16 reviews) |
Execution
Sourcing | Based on 16 Basware reviews. Identify and assess suppliers for different products and services. | 80% (Based on 16 reviews) | |
Purchasing | Create and manage purchase orders for products and services. 18 reviewers of Basware have provided feedback on this feature. | 85% (Based on 18 reviews) | |
Invoicing | Include features for procurement invoicing and e-invoicing. 18 reviewers of Basware have provided feedback on this feature. | 81% (Based on 18 reviews) | |
Sourcing | Identify and assess suppliers for different products and services. 16 reviewers of Basware have provided feedback on this feature. | 79% (Based on 16 reviews) | |
Purchasing | As reported in 19 Basware reviews. Electronically create and manage purchase orders for products and services. | 83% (Based on 19 reviews) | |
Invoicing | As reported in 17 Basware reviews. Include features for procurement invoicing and e-invoicing. | 85% (Based on 17 reviews) |
Analytics
Visibility | Improve visibility into procurement activities across the company. This feature was mentioned in 17 Basware reviews. | 80% (Based on 17 reviews) | |
Performance | Monitor the performance of procurement operations. This feature was mentioned in 17 Basware reviews. | 81% (Based on 17 reviews) | |
Spend | Analyze procurement spending and identify future trends. This feature was mentioned in 17 Basware reviews. | 76% (Based on 17 reviews) | |
Due Dates | Track invoices based on due dates to identify overdue payments This feature was mentioned in 23 Basware reviews. | 79% (Based on 23 reviews) | |
Benchmarking | Based on 17 Basware reviews. Ability to compare AP automation metrics with other companies | 74% (Based on 17 reviews) | |
KPIs | Based on 20 Basware reviews. Monitor KPIs such as time to process an invoice or erroneous payments | 78% (Based on 20 reviews) | |
Due Dates | Track invoices based on due dates to identify overdue payments 37 reviewers of Basware have provided feedback on this feature. | 84% (Based on 37 reviews) | |
Cashflow | Analyze variations between incoming and outgoing cash This feature was mentioned in 29 Basware reviews. | 76% (Based on 29 reviews) | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments This feature was mentioned in 29 Basware reviews. | 78% (Based on 29 reviews) | |
Payment Tracking | As reported in 37 Basware reviews. Track different types of payment such as deposits or partial payments | 76% (Based on 37 reviews) | |
Visibility | As reported in 17 Basware reviews. Improve visibility into procurement activities across the company. | 78% (Based on 17 reviews) | |
Performance | Based on 15 Basware reviews. Monitor the performance of procurement operations | 80% (Based on 15 reviews) | |
Spend | Based on 17 Basware reviews. Analyze procurement spending and identify future trends. | 75% (Based on 17 reviews) | |
Due Dates | Based on 16 Basware reviews. Track invoices based on due dates to identify overdue payments | 79% (Based on 16 reviews) | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments 15 reviewers of Basware have provided feedback on this feature. | 80% (Based on 15 reviews) |
Invoice Management
Capture | Provide features to capture invoices such as import or scanning This feature was mentioned in 22 Basware reviews. | 76% (Based on 22 reviews) | |
Supplier Portal | As reported in 17 Basware reviews. Allow suppliers to submit invoices using an online portal | 73% (Based on 17 reviews) | |
Repository | Deliver a central repository of AP documents, such as POs and invoices 17 reviewers of Basware have provided feedback on this feature. | 69% (Based on 17 reviews) | |
Capture | Provide features to capture and record invoices, such as import or scanning This feature was mentioned in 17 Basware reviews. | 76% (Based on 17 reviews) | |
Supplier Portal | Allow suppliers to submit invoices using an online portal 17 reviewers of Basware have provided feedback on this feature. | 75% (Based on 17 reviews) | |
Repository | Deliver a central repository of AP documents, such as POs and invoices This feature was mentioned in 15 Basware reviews. | 80% (Based on 15 reviews) |
Invoice Processing
Matching | Ability to match AP invoices to POs, contracts, or payments 22 reviewers of Basware have provided feedback on this feature. | 77% (Based on 22 reviews) | |
Payments | Based on 21 Basware reviews. Identify incomplete or late supplier payments | 82% (Based on 21 reviews) | |
Workflows | As reported in 25 Basware reviews. Include workflows for approvals and invoice processing | 83% (Based on 25 reviews) | |
Tax Compliance | Based on 16 Basware reviews. Comply with local and global tax regulations for collections | 73% (Based on 16 reviews) | |
Approvals | Include workflows for approvals of invoices or payments This feature was mentioned in 41 Basware reviews. | 83% (Based on 41 reviews) | |
Batch Processing | Process multiple invoices without human intervention 34 reviewers of Basware have provided feedback on this feature. | 81% (Based on 34 reviews) | |
Consolidation | Based on 33 Basware reviews. Allow users to consolidate multiple invoices into one | 76% (Based on 33 reviews) | |
Match Invoices | Based on 42 Basware reviews. Match invoices with purchases and sales orders, as well as with payments | 77% (Based on 42 reviews) | |
Matching | Ability to match AP invoices to POs, contracts, or payments 17 reviewers of Basware have provided feedback on this feature. | 75% (Based on 17 reviews) | |
Payments | Identify incomplete or late supplier payments This feature was mentioned in 16 Basware reviews. | 79% (Based on 16 reviews) | |
Workflows | Based on 18 Basware reviews. Include workflows for approvals and invoice processing | 80% (Based on 18 reviews) | |
Tax Compliance | Comply with local and global tax regulations for collections This feature was mentioned in 14 Basware reviews. | 80% (Based on 14 reviews) | |
Submittal | Electronically submit invoices to buyers This feature was mentioned in 14 Basware reviews. | 77% (Based on 14 reviews) |
Integration
Accounting | Provide integration with accounting and financial management software 24 reviewers of Basware have provided feedback on this feature. | 81% (Based on 24 reviews) | |
Payment Integration | As reported in 16 Basware reviews. Integrate with payment gateways and enterprise payments software | 75% (Based on 16 reviews) | |
ERP | Deliver integrations with accounting modules of ERP systems This feature was mentioned in 20 Basware reviews. | 73% (Based on 20 reviews) | |
Accounting | Provide integration with accounting and financial management software 35 reviewers of Basware have provided feedback on this feature. | 81% (Based on 35 reviews) | |
Payments | As reported in 38 Basware reviews. Integrate with payment gateways and enterprise payments software | 79% (Based on 38 reviews) | |
ERP | Based on 32 Basware reviews. Deliver integrations with accounting modules of ERP systems | 76% (Based on 32 reviews) | |
Account Sync | Sync with company accounts to transfer payments for approved invoices This feature was mentioned in 33 Basware reviews. | 74% (Based on 33 reviews) | |
Accounting | Based on 15 Basware reviews. Provide integration with accounting and financial management software | 81% (Based on 15 reviews) | |
Payments | Based on 15 Basware reviews. Integrate with payment gateways and enterprise payments software | 81% (Based on 15 reviews) | |
ERP | Based on 14 Basware reviews. Deliver integrations with accounting modules of ERP systems | 82% (Based on 14 reviews) | |
Procurement | Based on 18 Basware reviews. Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management | 81% (Based on 18 reviews) |
Invoice Generation
Templates | Provide standard invoice templates that can be customized by users This feature was mentioned in 31 Basware reviews. | 76% (Based on 31 reviews) | |
Digital Invoices | Ability to convert invoices to digital formats such as PDF This feature was mentioned in 41 Basware reviews. | 84% (Based on 41 reviews) | |
Recurring Invoices | Automatically generates invoices at pre-defined time intervals This feature was mentioned in 40 Basware reviews. | 80% (Based on 40 reviews) |
Supplier Management
Evaluation | Allows users to evaluate supplier performance using standard and custom KPIs. This feature was mentioned in 16 Basware reviews. | 74% (Based on 16 reviews) | |
Selection | As reported in 16 Basware reviews. Provide features to compare suppliers and choose the best option for various activities. | 77% (Based on 16 reviews) | |
Risk Management | Based on 14 Basware reviews. Identify potential issues and how they may impact relationships with suppliers. | 74% (Based on 14 reviews) |
Contract Creation & Management
Contract Creation | Users can create new contracts within the platform using built-in document creation features. | Not enough data | |
Contract Templates | Create and access templates with to streamline contract creation, taking advantage of pre-written contract clauses and fields. | Not enough data | |
Contract Editing | Relevant contract stakeholders can edit, compare, and revise multiple versions of contracts. | Not enough data | |
Contract Attachments | Additional information, such as images, memos, and invoices, can be attached to contracts as supplemental resources. | Not enough data |
Collaboration
Contract Collaboration | Internal and external users are able to collaborate on contracts through a shared web portal with messaging features. | Not enough data | |
Approval Process | Contract approvals processes can be streamlined, so that departmental workflows are integrated logically into the system. | Not enough data |
Other Platform Features
Notifications & Reminders | Receive notifications and schedule reminders with alerts according to contract milestones. | Not enough data | |
Contract Database | Contracts can be stored in a central online repository with built in search capabilities. | Not enough data | |
Contract Compliance | Identify, assess, and manage all contract risks and ensure the fulfillment of contractual obligations | Not enough data | |
Integrations / APIs | 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. | Not enough data | |
E-Signature | Ability to e-sign legally-binding contracts within the same platform. | Not enough data |
Contract Data
Reporting & Dashboards | Enable standard and ad hoc reports of contract statuses and timelines, and access live overviews of contract activities. | Not enough data | |
Advanced Contract Analytics | Provides advanced, AI-driven contract analytics to optimize all aspects of contract management. | Not enough data |
Risk
Analysis | As reported in 24 Basware reviews. Reduces future risks through root cause analysis and process improvement | 74% (Based on 24 reviews) | |
Identification | Reduces frequency of errors, identifies risk and improves efficiency 22 reviewers of Basware have provided feedback on this feature. | 79% (Based on 22 reviews) | |
Scoring | Based on 20 Basware reviews. Scores suppliers and employees based on risk factors | 77% (Based on 20 reviews) |
Recovery
Recoup | As reported in 20 Basware reviews. Identifies and recoups funds and prevents errors from happening again | 72% (Based on 20 reviews) | |
Reporting | Offers reporting to aid in minimizing future lost profits and process breakdown 24 reviewers of Basware have provided feedback on this feature. | 77% (Based on 24 reviews) |
Audit
Filters | Includes a library of audit-tested filters to identify AP outliers that are outside company policy 23 reviewers of Basware have provided feedback on this feature. | 80% (Based on 23 reviews) | |
Post Audits | As reported in 18 Basware reviews. Conducts a post-audit analysis of large volumes of data to identify historical payment errors and automatically generate claims | 77% (Based on 18 reviews) | |
Overpayments | Detects and prevents a wide range of overpayment errors This feature was mentioned in 19 Basware reviews. | 73% (Based on 19 reviews) | |
Duplicates | Detects and prevents a wide range of duplicate payments This feature was mentioned in 24 Basware reviews. | 76% (Based on 24 reviews) |
Fraud
Vendor Checks | As reported in 21 Basware reviews. Enables automatic checks of new vendors being set up in the system to combat potential billing schemes | 74% (Based on 21 reviews) | |
Data Generation | Based on 21 Basware reviews. Generates comprehensive data needed to conduct a thorough investigation | 75% (Based on 21 reviews) | |
Monitoring | Provides continuous, proactive fraud monitoring across multiple systems and data formats 23 reviewers of Basware have provided feedback on this feature. | 80% (Based on 23 reviews) |
Payment Cards
One-time Virtual | Online credit card number that can be instantly sent to employees and used for secure, one-time purchases | Not enough data | |
Recurring Virtual | Online credit card number that can be instantly sent to employees and used for secure, recurring payments, such as subscriptions or services | Not enough data | |
Physical | Physical credit cards used by employees for various expenses that allow management to monitor spending and budgets | Not enough data |
Reporting
Real time | Report on spend transactions as they happen in real time | Not enough data | |
Multiple Views | Reports that allow the user to sort and filter by vendor, team, GL, department, etc. | Not enough data | |
Export | The ability to export reports in various formats, such as excel, CSV, and Google Sheets | Not enough data | |
Budgets | Report on and track spending against budgets | Not enough data |
Payments
Vendor | Pay vendors through a dashboard or portal and maintain vendor payment information | Not enough data | |
Recurring | Manage and execute recurring payments, such as subscriptions, services, utilities, etc. | Not enough data | |
Employee Reimbursements | Reimburse an employee for all necessary expenditures or losses incurred by the employee within the employee's scope of employment | Not enough data | |
ACH | Allows for the electronic transfer of funds between banks | Not enough data |
Fraud & Risk Management
Notifications | Real-time notifications for fraudulant and/or duplicate spending | Not enough data | |
Unique Cards | Individual, unique cards for each vendor to help manage duplicate and overpayments | Not enough data | |
Controls | Control spend limits, expiration dates, and lock and unlock stolen or lost cards | Not enough data |
Supplier Marketplace
Library | Provides a centralized library containing product data. | Not enough data | |
Categorization | Enables users to assign custom categories to products. | Not enough data | |
Data Management | Creates and manages product catalogs. | Not enough data |
Contract Management
Compliance | Assists with maintaining compliance with controlled processes, automated tracking, and audit trails. | Not enough data | |
Revenue | Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities | Not enough data | |
Negotiations | Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management. | Not enough data |
Data Collection
Spend | Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers. | Not enough data | |
Compliance Reports | Identifies noncompliant spending, fraud, and other activity outside of company policy. | Not enough data | |
Savings | Analyzes spending patterns and identifies areas to reduce costs. | Not enough data |
Project Management
Dashboard | Provides a dashboard for searching and reporting on contracts and projects. | Not enough data | |
Repository | Manages contracts in a single, online central repository. | Not enough data | |
Lifecycle | Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives. | Not enough data |
Generative AI
AI Text Generation | Allows users to generate text based on a text prompt. | Not enough data | |
AI Text Summarization | Condenses long documents or text into a brief summary. | Not enough data |
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