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.
Procurify
Procurify is an intelligent spend management software that gives you real-time visibility and control over organizational business expenses by centralizing purchasing, approvals, and automated accounts payable workflows.
Quick Comparison
| Feature | Basware | Procurify |
|---|---|---|
| Website | basware.com | procurify.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No 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 | 2012 |
| Headquarters | Espoo, Finland | Vancouver, Canada |
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.
Procurify
Procurify is a centralized spend management platform designed to give you total control over your company's financial outflows. Instead of chasing paper trails or messy spreadsheets, you can manage the entire procure-to-pay lifecycle in one place—from initial request and manager approval to purchase orders and final payments. It helps you eliminate unauthorized spending and ensures every dollar spent aligns with your active budget.
You can empower your team to make purchase requests through a simple interface while maintaining strict oversight through customizable approval workflows. The platform integrates directly with your accounting systems to ensure data stays accurate across your entire tech stack. It is particularly effective for mid-market companies in industries like biotech, manufacturing, and technology that need to scale their financial operations without adding administrative headcount.
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.
Procurify Features
- Mobile Request & Approval. Submit and approve purchase requests on the go using the mobile app to keep your operations moving without delays.
- Real-Time Budget Tracking. See exactly how a purchase will impact your remaining budget before you hit approve to prevent overspending.
- Purchase Order Automation. Generate professional purchase orders automatically from approved requests and send them directly to your preferred vendors.
- Three-Way Matching. Verify that your purchase orders, packing slips, and invoices all match perfectly to ensure you only pay for what you received.
- Virtual Spend Cards. Issue secure virtual cards to your team with pre-set limits so you can manage recurring subscriptions and one-off digital purchases.
- Custom Approval Workflows. Build multi-level approval chains based on department, location, or dollar amount to match your specific internal policies.
Pricing Comparison
Basware Pricing
Procurify Pricing
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
Procurify
Pros
- Intuitive interface makes it easy for non-finance staff to request items
- Excellent visibility into real-time budget impact before spending occurs
- Strong mobile app functionality for remote approvals and tracking
- Seamless integration with major accounting tools like NetSuite and QuickBooks
- Responsive customer success team during the implementation process
Cons
- Initial setup of complex approval workflows can be time-consuming
- Reporting modules can feel rigid for highly specific custom data needs
- Higher price point compared to basic expense tracking tools