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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Basware AP Automation

    Score7.2 out of 10
    N/ABasware’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

    MyiQ.Ai

    N/AN/AMyiQ.Ai is an Invoice Processing software that specializes in AP automation solutions, leveraging artificial intelligence and automation technologies to revolutionize invoice processing. According to the vendor the solution can process 1000+ invoices per minute with 95% precise invoice extraction. The solution includes integration with ERP Systems like SAP, Sage, Oracle, Microsoft Dynamics. The MyiQ.Ai intelligent invoice automation platform aims to eliminate manual data entry, reduce…N/A
    Pricing
    Basware AP AutomationMyiQ.Ai
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Basware AP AutomationMyiQ.Ai
    Free Trial
    NoYes
    Free/Freemium Version
    NoYes
    Premium Consulting/Integration Services
    NoYes
    Entry-level Setup FeeNo setup feeRequired
    Additional Details
    More Pricing Information
    Features
    Basware AP AutomationMyiQ.Ai
    Accounts Payable
    Comparison of Accounts Payable features of Basware AP Automation and MyiQ.Ai
    Feature
    Basware AP Automation
    8.2
    3 Ratings
    13% above category average
    MyiQ.Ai
    -
    Ratings
    Automated Accounts Payable Processes8.24 Ratings00 Ratings
    Best Alternatives
    Basware AP AutomationMyiQ.Ai
    Small Businesses
    Tipalti
    Score7.7 out of 10
    Tipalti
    Score7.7 out of 10
    Medium-sized Companies
    Stampli
    Score8.4 out of 10
    Stampli
    Score8.4 out of 10
    Enterprises
    Yooz
    Score8.8 out of 10
    Yooz
    Score8.8 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Basware AP AutomationMyiQ.Ai
    Likelihood to Recommend
    7.7
    (10 ratings)
    -
    (0 ratings)
    Likelihood to Renew
    5.4
    (5 ratings)
    -
    (0 ratings)
    Usability
    8.4
    (4 ratings)
    -
    (0 ratings)
    User Testimonials
    Basware AP AutomationMyiQ.Ai
    Likelihood to Recommend
    Basware
    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.
    Incentivized
    Read full review
    MyiQ.Ai
    No answers on this topic
    Pros
    Basware
    • Clear and intuitive software interface.
    • Easy to see the entire history of what happened to invoice.
    • Good integration with ERP system.
    Incentivized
    Read full review
    MyiQ.Ai
    No answers on this topic
    Cons
    Basware
    • 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)
    Incentivized
    Read full review
    MyiQ.Ai
    No answers on this topic
    Likelihood to Renew
    Basware
    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.
    Incentivized
    Read full review
    MyiQ.Ai
    No answers on this topic
    Usability
    Basware
    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.
    Incentivized
    Read full review
    MyiQ.Ai
    No answers on this topic
    Alternatives Considered
    Basware
    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
    Incentivized
    Read full review
    MyiQ.Ai
    No answers on this topic
    Return on Investment
    Basware
    • faster processing of invoices due to short step process
    • it's user friendly so not much training is needed to use the system
    • templates and favorites decreases time spent
    Incentivized
    Read full review
    MyiQ.Ai
    No answers on this topic
    ScreenShots

    MyiQ.Ai Screenshots

    Screenshot of data can be extracted from the invoices from a numerous formats as PDF, JPG, PNG, XML, JSON, and EDI with 95% accuracy.Screenshot of real-time visibility and reporting for insights into the invoice management process. This is used to support data-driven decisions, identify bottlenecks, and to drive continuous improvement.