Basware Blog

How Basware Insights is Transforming Financial Decision-Making with AI-Driven Insights

Written by Satu Hämäläinen | January 14, 2025

Are you ready to revolutionize how your organization interacts with data? Basware Insights is already helping organizations enhance their accounts payable (AP) processes and make smarter, data-driven decisions.

Accurate and timely data enables finance leaders to make informed decisions, forecast with precision, and drive strategic initiatives that align with their organization’s strategic goals. Leveraging data-driven insights helps finance departments remain competitive and optimize operations. With Basware Insights, you can trust your data and make decisions with confidence, knowing our solution is built to drive tangible business outcomes.

AI-driven insights: real-time answers to drive smarter decisions

Basware Insights harnesses the power of generative AI to provide instant, actionable insights from simple queries. This innovative approach streamlines decision-making and enhances productivity by making complex data easily accessible to everyone, from CFOs to AP team members. With Basware Insights, you can quickly identify trends, monitor KPIs, and benchmark against industry standards, ensuring your organization stays ahead of the curve.

Scalable, future-proof analytics for long-term business growth

Our solution is built to scale alongside your business, delivering future-proof analytics that empower your organization to achieve long-term success. Whether you're starting your digital transformation journey or elevating existing capabilities, Basware Insights offers the flexibility and control needed to adapt as your business evolves.

Data-driven benchmarking for targeted, industry-specific insights

Set realistic goals and guide your strategic decision-making with our data-driven benchmarking tools. Basware Insights delivers precise, industry-specific data to help you understand your performance relative to your peers, enabling continuous improvement and more informed decision-making.

Specialized reporting capabilities: predict outcomes with confidence

Basware Insights includes advanced reporting features such as a simulator that allows users to predict outcomes by adjusting variables. Additionally, the CFO cockpit provides finance leaders with real-time visibility into essential financial and operational metrics.

This comprehensive oversight empowers CFOs to:

  • Monitor key metrics like the touchless invoice rate to reduce manual intervention in invoice processing.
  • Improve spend control by analyzing retrospective POs (purchase orders created after invoices are issued).
  • Access actionable insights to optimize processes and enhance efficiency.

Why Basware Insights?

With Basware Insights, you can transform your AP processes into a strategic advantage, empowering your team move beyond routine tasks and drive smarter, more impactful decisions. Our solution delivers deeper, broader, and more focused insights into your processes and organization—without the need for customization.

Trust in your data and make decisions with confidence, knowing Basware Insights is designed to meet your business objectives and deliver measurable results.

Discover how Basware Insights can empower your organization to stay competitive and make smarter decisions. Explore its full potential today.