Basware
Finnish eProcurement, marketplace and procure-to-pay modules next to its invoice automation
Quick Overview
| Company | Basware Oy |
|---|---|
| Category | Accounts Payable Automation |
| Headquarters | Espoo, Finland |
| Founded | 1985 |
| EU Presence | Yes - Finland (EU) |
| Data Location | Cloud services for EEA customers hosted within the EEA, per general terms |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | eProcurement, Basware Marketplace with catalogues, procure-to-pay, AP automation, e-invoicing network, invoice matching |
| Pricing | Subscription model by module, amounts not published |
| Best For | Larger organisations that want requisitioning and invoicing from one vendor |
| Replaces | Coupa, SAP Ariba |
Detailed Review
Basware says it was founded in 1985 and serves clients in more than 190 countries with over 6,500 customers. The website footer names Basware Oy, and the privacy notice gives Basware Corporation, Linnoitustie 2, Espoo, Finland as the controller address.
Today the company presents itself mainly as an invoice lifecycle and AP automation vendor, with eProcurement and Marketplace as separate modules on the same platform.
eProcurement and Marketplace
The e-Procurement page describes requisitioning, ordering and exchange of purchase documents between buyers and suppliers. Basware Marketplace adds guided purchasing from up-to-date catalogues so employees buy from preferred suppliers at negotiated prices.
Pricing model
The pricing page describes a subscription model where customers choose modules, from invoice automation to eProcurement, and gives no amounts.
Sub-processors outside the EU
Basware's general terms list sub-processors in India, the USA and Australia. For the USA they say the company is contractually bound to host its EEA-related cloud platform within the EEA, with US access for operation, development and support under standard contractual clauses.
Limitations to Consider
The company's homepage and pricing page put invoice automation first, so eProcurement is one module among others and no prices are shown. The sub-processor list includes US, Indian and Australian entities with access for support, which matters if you need a fully European support chain. Category sourcing and contract management are not described on the pages we reviewed, unlike Onventis.
Who Should Use Basware
Large organisations that want requisitioning, marketplace buying and invoice processing from a Finnish vendor.
Pros and Cons
Pros
- eProcurement and marketplace modules
- Connected AP automation and e-invoicing network
- Operating since 1985
- Documented hosting commitment for EEA customers
- Published terms and sub-processor information
Cons
- No published pricing
- Invoice automation is the main focus
- US, Indian and Australian sub-processors with support access
- Sourcing and contracts not described on pages reviewed
Alternatives to Basware
Other European accounts payable automation worth comparing before you decide:
Medius
Sweden · Swedish accounts payable automation at enterprise invoice volumes
Candis
Germany · Berlin AP-and-expense platform priced by document volume, unlimited users
Rillion
Sweden · Nordic AP automation with unlimited users and entities on every plan
Serrala
Germany · Hamburg-based AP automation with strong SAP integration
See all European accounts payable automation or compare them directly against Coupa on our alternatives page.
Frequently Asked Questions
Yes. The site names Basware Oy and the privacy notice gives an address in Espoo, Finland.
Yes, it lists eProcurement, a Marketplace and procure-to-pay modules next to AP automation.
The general terms say the EEA-related cloud platform is hosted on systems within the EEA, and list sub-processors in India, the USA and Australia.