Basware Named a Leader in the Gartner Magic Quadrant

The accounts payable (AP) function has evolved from a back-office necessity to a strategic driver of financial efficiency and control. This transformation, according to us, has been underscored by the inaugural Gartner® Magic Quadrant™ for Accounts Payable Applications, where Basware has been named a Leader.

To Basware, this recognition is more than just an analyst recognition—it reaffirms our commitment to AI-driven finance and end-to-end Invoice Lifecycle Management, built on 40 years of innovation.

Why this matters for finance leaders

The AP automation market is set to grow at a 12.8% CAGR through 2030, driven by increasing demands for efficiency, compliance, and fraud prevention. Businesses face mounting pressure to adopt AI-powered automation, navigate evolving e-invoicing mandates, and integrate seamlessly with cloud-based ERP systems—all while optimizing costs.

Basware empowers organizations to turn these challenges into opportunities with a solution that provides full visibility, compliance, and control over the entire invoice lifecycle.

Basware’s dedication to innovation

To Basware, this recognition showcases our dedication in three key areas:

• AI-Driven Invoice Lifecycle Management – Unlike any other solution, Basware delivers a true end-to-end invoice lifecycle approach, from invoice ingestion and validation to statement reconciliation and recovery services. AI-powered automation eliminates manual tasks, improves accuracy, and enhances risk mitigation.
• Unmatched Visibility and Compliance – Basware operates the largest, open e-invoicing network, enabling customers to process invoices in any format, from anywhere—with built-in compliance and fraud protection across global regulations.
• Customer-Driven Innovation – Our platform continuously evolves based on customer feedback, ensuring that finance teams benefit from intuitive automation, seamless ERP integration, and full transparency across all invoice workflows.

The future of finance automation

This recognition is a milestone —but it’s just the beginning. The future of finance lies in a fully automated, AI-driven ecosystem, where organizations gain:

• Complete control over spend with full invoice visibility
• Seamless ERP and system integration for end-to-end financial management
• Built-in compliance to navigate evolving regulations

A shared achievement with our customers

More than 6,500 customers—including DHL, Heineken, and Sony—trust Basware to streamline invoice processing, reduce costs, and enhance compliance. Together, we’ve processed over 2 billion invoices, totaling more than $10 trillion in invoice spend.

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

Robert-Jan Van Looy, Senior Process Expert Purchase to Pay, Heineken

What’s next?

AP automation is no longer optional—it’s essential. Download the Gartner Magic Quadrant for Accounts Payable Applications report to see why Basware was recognized as a Leader.

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Gartner, Magic Quadrant for Accounts Payable Applications, By Mike Helsel, Miles Onafowora, Nick Duffy, 19 March 2025