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07.08.2025 - 18:07:43

Basware Named a Leader in Inaugural Gartner Magic Quadrant for Accounts Payable Applications

seamlessly implemented AP automation at speed after a private equity buyout while simultaneously delivering millions in annual savings. Billerud leveraged AI and machine learning to modernize invoice processing, reducing total invoice costs by 25%. Huntsman saved nearly $9 million in duplicate payments and errors. Heineken achieved 100% automation and a 95% compliance rate, a powerful foundation for its upcoming SAP S/4 HANA ERP migration slated for 2027.

Robert-Jan Van Looy, Senior Process Expert Purchase to Pay at Heineken, a Basware customer, shared:

"We are pleased to see Basware recognized as a Leader in the Gartner Magic Quadrant. This validates our decision to partner with Basware in delivering on our Evergreen strategy to become the Best Connected Brewer."

Basware's recognition as a Leader in the Gartner Magic Quadrant comes on the heels of key innovations, including the launch of Basware Insights, advancements in GenAI, and the introduction of AP Assurance, an integrated fraud protection and statement reconciliation solution. This also follows recognition from other major industry assessments, including Basware being named a Leader in The Forrester Wave™: Accounts Payable Invoice Automation, Q3 2024, being featured in the IDC MarketScape: Worldwide Accounts Payable Automation Software for Large Enterprises 2024, and peer-recognized as a Customers' Choice in the 2023 Gartner Peer Insights™ 'Voice of the Customer': Procure-to-Pay Suites.

A complimentary copy of the Gartner® Magic Quadrant for Accounts Payable Applications report is available HERE.

Basware Named a Leader in Inaugural Gartner Magic Quadrant for Accounts Payable Applications

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*40 Years of AP Innovation

+++++Over the past year, Basware has reinforced its platform with key innovations including:

Basware Insights – Gen AI-driven insights, developed specifically for the needs of finance and shared services. Touchless Invoice Processing Discovery Dashboard – a dashboard that monitors and optimizes the touchless rate of AP processes, reducing complexities and risk across receiving, matching, workflow and transfer. Smart Coding – a market leading, AI-driven coding engine that automates non-PO invoice coding, reducing manual effort and improving accuracy AP Protect – an AI-powered solution that helps finance teams protect against the threat of profit loss, invoice errors and fraud.

About Basware

Basware is how the world's best finance teams gain complete control of every invoice, every time. Our Intelligent Invoice Lifecycle Management platform ensures end-to-end efficiency, compliance and control for all invoice transactions. Powered by the world's most sophisticated invoice-centric AI – trained on over 2 billion invoices – Basware's Intelligent Automation drives real ROI by transforming finance operations. We serve 6,500+ customers globally and are trusted by industry leaders including DHL, Heineken and Sony. Fueled by 40 years of specialized expertise with $10 trillion in total spend handled, we are pioneering the next era of finance. With Basware, Now it all just happens.™

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