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
MYOB
Score 8.3 out of 10
N/A
MYOB now has a suite of subscription-based products and a browser-based accounting product that was released in August 2010. On 24 October 2012, MYOB released AccountRight Live - the cloud-enabled version of its flagship product. MYOB competes with Xero and QuickBooks.
$11
per month
Pricing
Basware AP Automation
MYOB
Editions & Modules
No answers on this topic
Solo
$11
per month
Lite
$34
per month
Pro
$63
per month
Premier
$88.50
per month
Account Right Plus
$150
per month
Offerings
Pricing Offerings
Basware AP Automation
MYOB
Free Trial
No
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Basware AP Automation
MYOB
Features
Basware AP Automation
MYOB
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Basware AP Automation
8.2
3 Ratings
13% above category average
MYOB
-
Ratings
Automated Accounts Payable Processes
8.24 Ratings
00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Basware AP Automation
-
Ratings
MYOB
10.0
12 Ratings
28% above category average
Pay calculation
00 Ratings
10.012 Ratings
Benefit plan administration
00 Ratings
10.08 Ratings
Direct deposit files
00 Ratings
10.010 Ratings
Salary revision and increment management
00 Ratings
10.08 Ratings
Reimbursement management
00 Ratings
10.08 Ratings
Customization
Comparison of Customization features of Product A and Product B
Basware AP Automation
-
Ratings
MYOB
10.0
7 Ratings
28% above category average
API for custom integration
00 Ratings
10.07 Ratings
Plug-ins
00 Ratings
10.06 Ratings
Security
Comparison of Security features of Product A and Product B
Basware AP Automation
-
Ratings
MYOB
10.0
12 Ratings
20% above category average
Single sign-on capability
00 Ratings
10.011 Ratings
Role-based user permissions
00 Ratings
10.012 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Basware AP Automation
-
Ratings
MYOB
10.0
12 Ratings
25% above category average
Dashboards
00 Ratings
10.011 Ratings
Standard reports
00 Ratings
10.012 Ratings
Custom reports
00 Ratings
10.011 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Basware AP Automation
-
Ratings
MYOB
9.1
16 Ratings
18% above category average
Accounts payable
00 Ratings
10.016 Ratings
Accounts receivable
00 Ratings
10.016 Ratings
Cash management
00 Ratings
10.015 Ratings
Bank reconciliation
00 Ratings
10.016 Ratings
Expense management
00 Ratings
10.012 Ratings
Time tracking
00 Ratings
6.07 Ratings
Fixed asset management
00 Ratings
10.09 Ratings
Multi-currency support
00 Ratings
10.08 Ratings
Multi-division support
00 Ratings
10.07 Ratings
Regulations compliance
00 Ratings
10.09 Ratings
Electronic tax filing
00 Ratings
5.19 Ratings
Self-service portal
00 Ratings
6.37 Ratings
Global Financial Support
00 Ratings
10.06 Ratings
Primary and Secondary Ledgers
00 Ratings
10.08 Ratings
Intercompany Accounting
00 Ratings
10.06 Ratings
Localizations
00 Ratings
10.06 Ratings
Journals and Reconciliations
00 Ratings
10.012 Ratings
Enterprise Accounting
00 Ratings
2.84 Ratings
Configurable Accounting
00 Ratings
10.09 Ratings
Centralized Rules Framework
00 Ratings
10.04 Ratings
Standardized Processes
00 Ratings
10.08 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Basware AP Automation
-
Ratings
MYOB
10.0
9 Ratings
31% above category average
Inventory tracking
00 Ratings
10.09 Ratings
Automatic reordering
00 Ratings
10.06 Ratings
Location management
00 Ratings
10.06 Ratings
Manufacturing module
00 Ratings
10.06 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.
MYOB is suitable for any business. I have two different businesses and both use MYOB effectively. I use MYOB to pay wages every fortnight for both businesses. This enables me to track exactly what is happening with everyone's different sick leave and holiday entitlements easily. I'm also able to keep track of expenditure and balance and reconcile the accounts against bank statements.
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.
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.
Still 10 for me, I have no problem at all using this toll even it hangs sometimes, I need to log in again to refresh it and it always ask to update the MYOB app. i Also like the security of this platform, iT always asks for the code (before logging in.
MYOB accounting software basically works but looks and functions like 1998. Unfortunately their Antipiracy licensing system is absolutely TERRIBLE and verging on nearly criminal, scam! You must CONFIRM each and every data file and when it doesnt work you have to PAY THEM to fix their own file protection issues. If you dont pay them, they hold your data hostage as your company accounting information file becomes READ ONLY. Permantly, unless you pay them. This is a total extortion SCAM. I cannot believe a company can operate this way. With a lot of better product available... i dont imagine MYOB is going to survive much longer.
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
Not even close. Though I will say MYOB had a budget module where Zoho Books doesn't which is one thing severely lacking in Zoho Books. On the other hand, Zoho Books allows for payment processing integration without trying to get a cut from the process whereas MYOB allowed for payment processing but you had to go through their service only and it wasn't cheap.