Basware as a Leader in First-Ever Forrester APIA Wave

To Basware, the recognition in The Forrester Wave™: Accounts Payable Invoice Automation (APIA), Q3 2024 underscores our commitment to transforming financial operations and setting a benchmark for the industry.

Navigating the evolving APIA landscape

Macroeconomic headwinds, supply chain challenges, labor market shifts, expanding regulations, and the rapid rise if AI—all contribute to the complexity of financial processes.

AP professionals need access to cost- and time-effective technologies that can simplify business operations, support customers, and always remain compliant. Consequently, CFOs, business leaders, and AP professionals must prioritize solutions that offer superior automation and deeper insights into financial and cash data.

Basware's leading performance in The Forrester Wave™

According to Forrester’s report, Basware leads the market with exceptional performance in a 31-criterion evaluation. The company received the highest possible scores in 16 criteria, including exception handling, fraud and risk management, and tax compliance and operations. This recognition highlights Basware's laser focus on automating the last mile of AP processes, establishing it as an “APIA powerhouse”.

The Forrester Wave™ report states: “Basware heads the pack with a laser focus on automating the last mile of AP processes. As the largest specialist provider of APIA software, Basware has established itself as an APIA powerhouse with customer obsession, practical innovation, and solid execution. Its pragmatic product roadmap addresses critical client pain points related to compliance and fraud management.”

Accolades and industry leadership

Basware’s recognition by Forrester is a testament to its customer-centric product vision, aligned with market demands. Automating the last mile and managing non-PO invoices showcases a practical approach to innovation.

Additionally, Basware’s detailed multiway invoice matching across various document types and its significant presence in EMEA and North America solidifies its industry leadership. This extensive reach and the highest scores for current product offering, strategy, and market presence confirms Basware as a pioneering force in APIA solutions.

Leading the future of financial operations

By embracing AI and automation, Basware not only helps navigate complexity but also enhances operational efficiency and provides critical insights into financial data, enabling organizations to stay ahead in a competitive market. Our recognition in The Forrester Wave™ report reaffirms Basware's position as a thought leader and innovator in AP automation, committed to delivering value and driving the future of financial operations.