AI Accounting Vendors

Basware

Basware sells accounts payable automation and e-invoicing software to large organizations, covering invoice receipt over its e-invoicing network, data capture, coding, matching, approval and archiving, plus purchase-to-pay and fraud controls. Its InvoiceAI products apply machine learning and generative AI across the invoice lifecycle, and customers decide how much the AI may do on its own.

Last verified . Vendor site: basware.com

What the AI does

  • SmartPDF captures invoice data automatically from PDF invoices
  • SmartCoding uses machine learning to suggest coding for non-PO invoices
  • InvoiceAI applies AI to PO and non-PO invoice processing, including matching and exception handling
  • Generative-AI Q&A and Insights analytics answer questions about invoices and AP performance
  • Governed Autonomy lets customers set the AI to advise, act within thresholds, or operate on its own, process by process

Summarized from basware.com.

Facts, checked against the source

Category
AP & invoicesSource: basware.com
Built for
EnterpriseSource: basware.com
Ledger integrations
None documented among QuickBooks Online, Xero, NetSuite, Sage Intacct and Microsoft DynamicsAlso documents: SAP (certified partner; SAP Cloud ERP Hub), Oracle (ERP products not specified).
Pricing
Not publishedThe vendor does not list prices publicly; pricing is by quote or sales contact.
Free plan
UnconfirmedPricing is not public or does not say.
SOC 2
UnconfirmedWe could not find an official statement either way.
Trains on customer data
UnconfirmedBasware's Data Usage Notice says it collects and analyzes data in customers' business documents in aggregated form for R&D, data products and new feature development without revealing identities, but it does not mention AI model training or describe an opt-out.
Human review
ConfigurableUnder Basware's Governed Autonomy framework, the customer sets each process to Adviser (a person decides), Collaborator (AI acts within thresholds and people review exceptions) or Operator (AI runs within customer-defined limits), and every action is logged and can be overridden.Source: basware.com
Company
Privately held. Founded 1985, based in Espoo, FinlandSource: basware.com
Funding
Investors named: Accel-KKR, Long Path Partners, Briarwood Capital PartnersSource: accel-kkr.com
  • Checked against the linked official source on the date shown.
  • Unconfirmed: we could not find an official statement.

Sources

Official pages read for this listing on October 14, 2026. Vendors change their sites; if a page no longer says what we report, tell us and we will recheck it.

  1. www.basware.com/en/
  2. www.basware.com/en/solutions/ap-automation/revolutionize-your-ap-with-invoiceai
  3. www.basware.com/en/ai-hub
  4. www.basware.com/en/governed-autonomy
  5. www.basware.com/en/pricing
  6. www.basware.com/en/why-basware/advanced-cloud-technology/erp-integrations/
  7. www.basware.com/en/why-basware/trust/
  8. www.basware.com/en/iso-27001-certification
  9. www.basware.com/en/footer/privacy-notice
  10. www.basware.com/en/footer/business-data
  11. www.basware.com/hubfs/Legal/basware-data-usage-notice.pdf
  12. basware.com/en/about-basware
  13. www.basware.com/en/about-basware/investors
  14. www.accel-kkr.com/portfolio/basware/
  15. www.accel-kkr.com/accel-kkr-long-path-and-briarwood-announces-a-voluntary-recommended-public-tender-offer-for-all-shares-in-basware-corporation/
  16. www.accel-kkr.com/accel-kkr-long-path-and-briarwood-announce-successful-completion-of-public-tender-offer-for-basware/
  17. www.accel-kkr.com/basware-establishes-governed-autonomy-framework-for-finance/
  18. www.accel-kkr.com/basware-signs-agreement-to-acquire-trustpair/

No changes logged since this listing was published. Changes and corrections are recorded in the changelog.

Basware questions

Does Basware train AI on customer data?
We could not find a published Basware policy that says whether customer data is used to train AI models. Basware's Data Usage Notice says it collects and analyzes data in customers' business documents in aggregated form for R&D, data products and new feature development without revealing identities, but it does not mention AI model training or describe an opt-out.
Does Basware have SOC 2?
We could not find an official Basware statement about a SOC 2 report.
Which accounting systems does Basware integrate with?
Basware does not document an integration with QuickBooks Online, Xero, NetSuite, Sage Intacct or Microsoft Dynamics on its site.
How much does Basware cost?
Basware does not publish prices; pricing is by quote.
What are alternatives to Basware?
Other ap & invoices tools in this directory include AppZen, Auditoria.AI, AvidXchange, BILL and Coupa AP Automation.