Go beyond invoice automation with Basware

Looking for a faster, more accurate way to automate your invoice processing and end to end accounts payables? Our Touchless Invoice Processing system is fully automated with zero deviations, workarounds or overrides.

With Basware, you can deploy touchless invoice processing to continuously optimise your accounts payable (AP) and finance operations.

Learn how touchless invoice processing drives value for your AP:

What is Touchless Invoice Processing?

Touchless invoice processing is a fully automated system that streamlines invoice processing from start to finish.

The goal is to achieve 100% automation, eliminating manual intervention and establishing a robust defense against profit loss to ensure the highest quality Accounts Payable financial controls. This is made possible through advanced technologies like AI and machine learning.

The new solution received warm welcome. By eliminating paper, many errors are avoided, and invoice validation has become easy and therefore quick.

Mickaël Bourdin, Head of Accounting , Toyota Industrial Equipment ->

We have increased the level of automation and seen a dramatic decrease in processing errors thanks to the automatic matching of invoices using automated rules.

Päivi Tuominen, Account Manager, Are ->

The statistics from the Basware dashboard allow me to follow up very closely. We have been able to save 48% on our postal cost. That has proven the business case.

Liselotte Frost Christensen, Credit Manager, Carlsberg ->

It’s early days but we’ve quickly been able to achieve 65% end to end ‘touchless’ automatic matching in North America. This significantly reduces paper processing and enhances our internal controls over a large portion of our spend.

Oliver Piccard, VP Global Financial Operations , Ritchie Brothers ->

The key benefit is simply financial advantage. We’ve prevented $5 million in duplicate payments and recouped $3.5 million which helps with working capital and cash flow.

Robin Holdt, Global P2P Director, Huntsman ->

What best-in-class companies can achieve

89%
Touchless processing rates
across all invoices

93%
Invoices ready to pay
before due date

>26 hrs
Touchless invoice
processing time

€1M
annual recovery for
every €1bn spend

How does Touchless Invoice Processing work?

 

Artificial Intelligence, Actual Benefit

Experience stress-free, touchless invoice processing with our advanced AI technology. Our invoice ingestion automatically processes PO and non-PO based invoices with precision and our SmartCoding generates accurate invoice-coding to ensure invoices are routed to the right teams.

Actionable Insights

Our dashboards and business insights go beyond identifying bottlenecks - they provide actionable recommendations and instant insights into the end-to-end invoice process and any deviations. Drive informed decision-marketing to report with confidence

Success Services

We collaborate with you to define goals, implement, track, and continuously optimise your touchless invoice process. With 40 years of expertise, and customer benchmarks trust us to guide you toward best practices and reduce risk across your financial operations.

Total Prevention

Highlight potential fraud and eliminate hidden overpayments with continuous and historical transparency into your finances. Our in-depth analysis not only identifies the root cause of past errors but also prevents them from happening again, ensuring total protection.

What can Touchless Invoice Processing give you?

  • AI-Powered Invoice Processing
  • Unrivalled Invoice processing speeds
  • Exception Handling with minimised touches
  • Accounts Payable Insights
  • Streamlined financial control for maximizing working capital.

Find out more and contact us today!