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.
N/A
FreshBooks
Score 9.1 out of 10
Small Businesses (1-50 employees)
FreshBooks is an accounting service for small businesses. The solution enables users to send and manage invoices, track billable time and collect online payments. The vendor’s value proposition this that their solution provides a straightforward service that simplifies the billing process.
$21
per month
Pricing
Basware AP Automation
FreshBooks
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$21
per month
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$38
per month
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$65
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Pricing Offerings
Basware AP Automation
FreshBooks
Free Trial
No
Yes
Free/Freemium Version
No
Yes
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
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Additional Details
—
10% discount for annual pricing.
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Community Pulse
Basware AP Automation
FreshBooks
Features
Basware AP Automation
FreshBooks
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Basware AP Automation
8.2
3 Ratings
13% above category average
FreshBooks
-
Ratings
Automated Accounts Payable Processes
8.24 Ratings
00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Basware AP Automation
-
Ratings
FreshBooks
9.1
35 Ratings
18% above category average
API for custom integration
00 Ratings
9.330 Ratings
Plug-ins
00 Ratings
9.026 Ratings
Security
Comparison of Security features of Product A and Product B
Basware AP Automation
-
Ratings
FreshBooks
10.0
41 Ratings
20% above category average
Single sign-on capability
00 Ratings
10.01 Ratings
Role-based user permissions
00 Ratings
10.041 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Basware AP Automation
-
Ratings
FreshBooks
7.5
57 Ratings
5% below category average
Dashboards
00 Ratings
9.057 Ratings
Standard reports
00 Ratings
8.855 Ratings
Custom reports
00 Ratings
4.82 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Basware AP Automation
-
Ratings
FreshBooks
7.5
56 Ratings
2% below category average
Accounts payable
00 Ratings
8.041 Ratings
Accounts receivable
00 Ratings
9.455 Ratings
Cash management
00 Ratings
7.03 Ratings
Bank reconciliation
00 Ratings
7.02 Ratings
Expense management
00 Ratings
6.651 Ratings
Time tracking
00 Ratings
7.642 Ratings
Multi-currency support
00 Ratings
7.01 Ratings
Regulations compliance
00 Ratings
6.021 Ratings
Self-service portal
00 Ratings
9.13 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
The system it self and its functionality is great. Most screens and work flows are easy to understand and use without any training. Its usually obvious what the next step is for the user, e.g adding coding, review etc. The information shown to the user is also built in a good way and the overall "feel" of the system is among best in market. Some of the admin parts require Basware AP Automation help, even though you technically can do it yourself as admin, the documentation available is not enough to help you through it.
I recommend FreshBooks to anyone running a service-based business that needs invoicing, time reporting, and accounting tools. FB is adept in all three of these scenarios and isn't overly complicated like similar accounting packages I have used. I love how I can write estimates and proposals, manage the business development process from the software, and quickly convert prospects to invoiced clients.
Invoicing - FreshBooks basically ensures our accountants spend less time on invoices via its automated invoicing system, which sends invoices to our customers and clients alike and also send them regular reminders for them to pay up their bills.
Collecting business insights - FreshBooks enable our company analysts measure our business performances via data reports provided by FreshBooks' intuitive dashboard. Allowing us do a comparative analysis of key business metrics of a current month against past months and determine if the business is growing.
Expense tracker - We have recently embraced FreshBooks as an expense tracker for teams at our company branch. Thusfar, FreshBooks has performed very well, making our expense management a perfect operation; ensuring teams do not exceed their planned budget and also eliminating the need for tracking expenses on excel spreadsheets.
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)
I can brand invoices with my business logo, but I might like to change colours of the invoices themselves to match the rest of my business documents. That isn't a major point at all, but it's something that I'd like to see.
Freshbooks doesn't remember the categories that similar expenses were previously assigned to. It would be nice if Freshbooks would suggest a category for an already saved vendor, to ensure the consistency of expense reporting.
The home page of a Freshbooks account has a great graph display of expenses and income, but it only shows the last 6 months. This is still very useful, but I'd like to be able to see this kind of graph for different periods of time.
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.
At the current needs of our business, FreshBooks suits us perfectly - it allows online access by our accountant to the system for GST purposes, easy input of expenses and tracking of Profit and Loss statements. FreshBooks customer service is great as well - very understanding and accommodating.
The GUI and workflows are easy to understand. It makes sense where the "buttons" and menus are located. Design is overall getting improvements constantly as well, so there is updates coming all the time. System is quick, few bugs and errors that cause issues. Up time and accessibility is on a very good level.
FreshBooks is very easy to use even for novices. If you're looking for an online accounting software that is full of features, has great aesthetics and is user-friendly, then this is definitely the software for you. I've been using it for several years now and despite being tempted to switch by other vendors, I like the feel of FreshBooks and it's mobile features.
I think the support level for FreshBooks is on par with a 6 because the folks behind this application do a fairly good job at providing support for their customer base. I still don't think they are at an elite level when it comes to supporting but are getting there although too slow in my opinion.
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
FreshBooks does very well in comparison, especially since it is free software for Barclays bank users. Sage software is much worse than FreshBooks. However, Xero and QuickBooks, the market leaders, are still ahead with usability, additional features, reporting, and connection with third-party software providers. We chose FreshBooks as it does everything we require from this type of software.
In reality, we do not implement all of its use at the moment in order to determine an adequate ROI.
In our approach to the use of the system, it seems to us a considerable time saving by achieving the integration of the Mexican subsidiary with its parent located in the US.
Financial reports meet the necessary USGAAP requirements.