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.
Tesorio
Tesorio is a comprehensive cash flow performance platform that helps finance teams automate accounts receivable, predict future cash flows, and streamline collections to maximize your company's working capital.
Quick Comparison
| Feature | Basware | Tesorio |
|---|---|---|
| Website | basware.com | tesorio.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 | 2015 |
| Headquarters | Espoo, Finland | Burlingame, USA |
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.
Tesorio
Tesorio is a cash flow performance platform designed to help you manage your company's liquidity with precision. Instead of relying on static spreadsheets, you get a real-time view of your accounts receivable and cash positions. You can automate your entire collections process, from sending personalized reminder emails to tracking customer payment behaviors, allowing your finance team to focus on high-value analysis rather than manual data entry.
The platform connects directly to your ERP to provide predictive insights into when customers will actually pay, not just when invoices are due. This helps you create more accurate cash forecasts and make informed decisions about investments or expenses. It is particularly effective for mid-market and enterprise companies looking to reduce their Days Sales Outstanding (DSO) and improve overall financial predictability.
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.
Tesorio Features
- Automated Collections. Create personalized email sequences and automated workflows to remind customers about upcoming or overdue payments without manual effort.
- Cash Flow Forecasting. Predict your future cash position using AI-driven insights that analyze historical payment patterns and real-time ERP data.
- Customer Insights. Access detailed profiles of customer payment behavior so you can identify high-risk accounts and prioritize your collection efforts.
- Collaborative Workspace. Tag teammates and leave notes on specific invoices to resolve disputes faster and keep everyone aligned on payment statuses.
- Centralized Communication. Track every email and interaction with your customers in one place to ensure your team never sends duplicate reminders.
- Reporting Dashboards. Monitor key metrics like DSO and collection effectiveness index with visual dashboards that update automatically from your ERP.
Pricing Comparison
Basware Pricing
Tesorio 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
Tesorio
Pros
- Significantly reduces manual effort for accounts receivable teams
- Seamless integration with major ERPs like NetSuite
- Provides highly accurate predictive payment dates
- User interface is clean and easy to navigate
- Improves team collaboration on disputed invoices
Cons
- Initial setup and mapping can be time-consuming
- Custom reporting features have a slight learning curve
- Pricing is not transparent for smaller businesses