Basware stories
As firms brace for thousands of AI agents, the tool is meant to cut sprawl by letting teams build governed workflows without developers.
It aims to help firms cut admin and keep client work consistent as AI agents proliferate inside large organisations.
Large finance teams are still lagging on AI and automation, with Basware's data showing a 12-point gap between average and top performers.
Most finance teams want clearer returns and tighter controls before committing more budget, despite broad plans to raise AI investment.
Most finance teams want AI in accounts payable to prove its worth before widening use, with only 39% ready to scale it.
Payment delays and compliance risks are looming for French firms as live invoice routing begins ahead of the September 1 e-invoicing deadline.
Finance teams face tighter AP controls and fraud risks as Basware gains a second major analyst endorsement for its AI-driven platform.
The recognition underscores rising demand for invoice tools that can meet tighter e-invoicing rules, cut fraud risk and support AI oversight.
Forrester warns that AI errors could cost B2B firms over USD $10 billion by 2026 due to unregulated tool use, while influencer spending and AI negotiation rise.
Basware has launched an AI-based solution, AP Protect, aimed at helping companies shield from invoice fraud and errors.
Amid growing fraud concerns, a study reveals 70% of financial institutions are turning to AI and machine learning to bolster defenses, marking a notable shift towards tech innovation.
Basware, the global fintech, has boosted its AI and digital transformation drive, with key appointments of Anssi Ruokonen as Director of AI Research and Barrett Schiwitz as CIO.
Following a 52% surge in bookings, global AP automation leader Basware reveals expansive growth strategy, with a firm focus on AI innovation, customer growth, and fraud prevention.
A Forrester and Basware study reveals 80% of CFOs anticipate increased regulatory scrutiny in 2024, with talent retention, cost optimisation and automation also key concerns.
Survey ahead of World Economic Forum reveals geopolitical turmoil, financing conditions and AI disruption are set to create a year of global economic unpredictability.
The deal widens finance teams' defences as payment fraud shifts from invoices to supplier bank details, leaving approved bills vulnerable.
Customers using Basware should gain stronger protection against supplier payment fraud as its Trustpair deal adds account verification to invoice checks.
Basware acquires Australian AP software provider Redmap to accelerate AI-driven invoice automation growth across the Asia-Pacific mid-market.
AP automation firm Basware acquires UK-based AP Matching, integrating accurate financial data and automated reconciliation to improve invoice processing and boost cost savings for clients.
UK tech leaders debate challenges and potential benefits of widespread AI deployment in UK businesses at Parliament Street Artificial Intelligence Summit.
