Basware
Basware provides automated accounts payable and e-invoicing software designed to help your finance team achieve 100% spend visibility and touchless invoice processing through a global business network.
Yooz
Yooz provides a cloud-based accounts payable automation solution that uses artificial intelligence to streamline your entire purchase-to-pay process from invoice capture to digital payment execution.
Quick Comparison
| Feature | Basware | Yooz |
|---|---|---|
| Website | basware.com | yooz.io |
| Pricing Model | Custom | Subscription |
| Starting Price | Custom Pricing | $165/month |
| FREE Trial | ✘ No free trial | ✓ 15 days free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 1985 | 2010 |
| Headquarters | Espoo, Finland | Aimargues, France |
Overview
Basware
Basware is an automated accounts payable and e-invoicing platform that helps you transform your finance department into a profit center. Instead of chasing paper and manual data entry, you get a centralized system that captures every invoice automatically, regardless of format. You can achieve touchless processing by using AI-driven matching engines that connect invoices to purchase orders and contracts without human intervention.
The platform connects you to a massive global business network, making it easy to collaborate with suppliers and ensure compliance with international tax regulations. You can gain deep insights into your corporate spending and manage cash flow more effectively with real-time analytics. It is built for complex, global organizations that need to handle high invoice volumes across multiple languages, currencies, and ERP systems.
Yooz
Yooz is a cloud-based platform designed to automate your entire accounts payable workflow. By combining artificial intelligence and deep learning, the software automatically captures, recognizes, and validates data from your invoices regardless of format. You can eliminate manual data entry, reduce processing errors, and gain real-time visibility into your company's spending habits from any device.
The platform fits seamlessly into your existing financial ecosystem by integrating with over 250 different ERP and accounting systems. Whether you manage a single office or a global enterprise with multiple locations, you can customize approval workflows to match your specific business rules. This automation helps you cut processing costs by up to 80% while ensuring your team stays compliant with financial regulations.
Overview
Basware Features
- Touchless Invoice Processing Automate your invoice approvals using AI and machine learning to match invoices with purchase orders and goods receipts.
- Global E-Invoicing Network Connect with millions of suppliers globally to send and receive electronic invoices in any format while staying tax compliant.
- Smart PDF Automation Convert standard PDF invoices into structured data automatically, eliminating the need for manual typing or expensive OCR hardware.
- AP Automation Analytics Monitor your process bottlenecks and track key performance indicators like cost per invoice through interactive, real-time dashboards.
- Supplier Management Onboard your suppliers easily and provide them with a self-service portal to track payment statuses and manage their data.
- Multi-ERP Integration Sync your financial data across over 250 different ERP systems to maintain a single source of truth for your organization.
Yooz Features
- Smart Data Capture. Extract data from any invoice automatically using advanced AI that learns your specific document layouts over time.
- Automated Workflows. Route documents for approval instantly based on your custom business rules to keep your payments moving fast.
- Real-time ERP Sync. Connect your financial data directly with your accounting software to ensure your books are always up to date.
- Fraud Detection. Protect your business by automatically flagging duplicate invoices or suspicious vendor information before you hit pay.
- Digital Archiving. Search and retrieve any historical invoice in seconds with a secure, cloud-based filing system that simplifies audits.
- YoozPay. Schedule and execute digital payments to your vendors directly from the platform to complete the full cycle.
Pricing Comparison
Basware Pricing
Yooz Pricing
- Up to 100 documents per month
- Unlimited users
- AI-based data extraction
- Standard approval workflows
- Mobile app access
- Standard ERP integration
- Everything in Rising, plus:
- Higher monthly document volumes
- Advanced multi-company management
- Customizable workflow rules
- Priority technical support
- Enhanced reporting dashboards
Pros & Cons
Basware
Pros
- Excellent handling of complex global tax and compliance requirements
- Strong integration capabilities with multiple ERP systems simultaneously
- High accuracy in automated data extraction from PDF invoices
- Scales effectively for companies handling massive invoice volumes
Cons
- Initial implementation and setup can be time-consuming
- User interface feels dated compared to newer SaaS competitors
- Customer support response times can be slow during peak periods
Yooz
Pros
- Exceptional accuracy in automatic data extraction
- Very easy to set up and learn
- Seamless integration with major ERP systems
- Mobile app makes remote approvals simple
- Significantly reduces invoice processing turnaround time
Cons
- Customer support response times can vary
- Interface can feel slightly dated occasionally
- Initial workflow configuration requires careful planning