Basware’s AI/ML-powered solution provides touchless invoice processing for organizations. Its artificial intelligence and machine learning functionality is available at every point in the process – from invoice receipt and routing to automated matching and coding – adding value by speeding up tasks and eliminating errors.
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Pricing
AvidXchange
Basware AP Automation
Editions & Modules
AvidXchange
5,000
per license
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AvidXchange
Basware AP Automation
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
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Community Pulse
AvidXchange
Basware AP Automation
Features
AvidXchange
Basware AP Automation
Payment Management
Comparison of Payment Management features of Product A and Product B
AvidXchange
9.8
1 Ratings
25% above category average
Basware AP Automation
-
Ratings
Customizable Approval Policies
10.01 Ratings
00 Ratings
Financial Document Management
9.01 Ratings
00 Ratings
Payment Status Tracking
10.01 Ratings
00 Ratings
Payment Audit Trail
10.01 Ratings
00 Ratings
Duplicate Bill Detection
10.01 Ratings
00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
AvidXchange is well suited for companies with multiple locations where approvals may be hard to get directly. A user can log on when they have time basically from anywhere to review, code and approve invoices. This would allow for processing of invoices centrally more efficiently then with appear invoices being moved from one place to another to be processed
Having the entire invoice life cycle in Basware is the optimal configuration. Currently, we have only ingestion and enrichment, and we rely on S4/Ariba for matching and approvals. There are certain vendors where their invoice format quality is less than optimal for Basware OCR, but Basware continues to work with those vendors to improve the capture rate and/or set them up as EDI.
Our contractors and vendors can submit invoices electronically through AvidBill, removing the tedious task of sorting and coding mail. This feature saves on time and administrative duties.
Communication is key, and being able to log a comment or question in AvidInvoice allows for clarification and expedited approval process.
Having multiple properties, having the Property Code and % Allocation features allow us to ensure the correct entity is charged it's portion of expenses. For example, we may have a service that is coded to all 32 properties. With AvidInvoice we are able to allocate each entity's pro rata share of the invoice.
AvidPay needs some improvement to minimize the amount of time it takes to issue payment for invoices
The search features within AvidXchange on the advanced search screen sometimes do not function correctly (sorting by ascending / descending order doesn't work all of the time).
The log enhancement follow-up procedure could use some work.
There needs to be an easier way to view past invoices as the current method requires that you select from the pull-down menu each and every time
Instructions for the more commonly used features should be available within the program itself rather than having to search the online help index in order to find this information (bubble pop ups would be nice)
More functionality should be build into the invoice processing system (you should be able to forward via email, include screenshots, etc)
We will continue using product and continue renewing as it is widely used product and it has been well adapted by users in our organization. The product is expensive but we will use it. Hopefully the product bugs will be fixed in future and they will provide more HA architecture feather for Basware.
AvidXchange is very easy to use and the customer service is always there is you need help or more training. New employees even comment on how easy it is to pickup the program.
We are presently evaluating a move to Concur Invoice, not because of any real lack of functionality from AvidXchange, but simply because we have other business functions already on Concur Invoice. From what we have seen so far, the functionality is similar, though I believe Concur Invoice is more expensive.
Basware was not my selection as I was not with the company at the time. It was easy to learn and we have maintained a good working relationship with Basware. It is a very good way to process the workflow of invoices from start to finish