Basware AP Automation vs. MYOB

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Basware AP Automation
Score 7.2 out of 10
N/A
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 AutomationMYOB
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 AutomationMYOB
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Basware AP AutomationMYOB
Features
Basware AP AutomationMYOB
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 Processes8.24 Ratings00 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 calculation00 Ratings10.012 Ratings
Benefit plan administration00 Ratings10.08 Ratings
Direct deposit files00 Ratings10.010 Ratings
Salary revision and increment management00 Ratings10.08 Ratings
Reimbursement management00 Ratings10.08 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 integration00 Ratings10.07 Ratings
Plug-ins00 Ratings10.06 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 capability00 Ratings10.011 Ratings
Role-based user permissions00 Ratings10.012 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
Dashboards00 Ratings10.011 Ratings
Standard reports00 Ratings10.012 Ratings
Custom reports00 Ratings10.011 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 payable00 Ratings10.016 Ratings
Accounts receivable00 Ratings10.016 Ratings
Cash management00 Ratings10.015 Ratings
Bank reconciliation00 Ratings10.016 Ratings
Expense management00 Ratings10.012 Ratings
Time tracking00 Ratings6.07 Ratings
Fixed asset management00 Ratings10.09 Ratings
Multi-currency support00 Ratings10.08 Ratings
Multi-division support00 Ratings10.07 Ratings
Regulations compliance00 Ratings10.09 Ratings
Electronic tax filing00 Ratings5.19 Ratings
Self-service portal00 Ratings6.37 Ratings
Global Financial Support00 Ratings10.06 Ratings
Primary and Secondary Ledgers00 Ratings10.08 Ratings
Intercompany Accounting00 Ratings10.06 Ratings
Localizations00 Ratings10.06 Ratings
Journals and Reconciliations00 Ratings10.012 Ratings
Enterprise Accounting00 Ratings2.84 Ratings
Configurable Accounting00 Ratings10.09 Ratings
Centralized Rules Framework00 Ratings10.04 Ratings
Standardized Processes00 Ratings10.08 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 tracking00 Ratings10.09 Ratings
Automatic reordering00 Ratings10.06 Ratings
Location management00 Ratings10.06 Ratings
Manufacturing module00 Ratings10.06 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Basware AP Automation
-
Ratings
MYOB
10.0
7 Ratings
30% above category average
Pricing00 Ratings10.07 Ratings
Order entry00 Ratings10.07 Ratings
Credit card processing00 Ratings10.06 Ratings
Cost of goods sold00 Ratings10.07 Ratings
Order Orchestration00 Ratings10.05 Ratings
End-to-end order visibility00 Ratings10.05 Ratings
Order exception Resolution00 Ratings10.05 Ratings
Best Alternatives
Basware AP AutomationMYOB
Small Businesses
Square 9 Softworks
Square 9 Softworks
Score 9.3 out of 10
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 4.3 out of 10
Medium-sized Companies
Square 9 Softworks
Square 9 Softworks
Score 9.3 out of 10
Intuit Enterprise Suite
Intuit Enterprise Suite
Score 9.1 out of 10
Enterprises
Yooz
Yooz
Score 8.8 out of 10
SAP Cloud ERP (SAP S/4HANA Cloud)
SAP Cloud ERP (SAP S/4HANA Cloud)
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Basware AP AutomationMYOB
Likelihood to Recommend
7.7
(10 ratings)
9.0
(19 ratings)
Likelihood to Renew
5.4
(5 ratings)
9.5
(2 ratings)
Usability
8.4
(4 ratings)
10.0
(15 ratings)
Support Rating
-
(0 ratings)
1.2
(14 ratings)
Implementation Rating
-
(0 ratings)
5.0
(1 ratings)
Ease of integration
-
(0 ratings)
1.0
(1 ratings)
User Testimonials
Basware AP AutomationMYOB
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.
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MYOB
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.
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Pros
Basware
  • Clear and intuitive software interface.
  • Easy to see the entire history of what happened to invoice.
  • Good integration with ERP system.
Read full review
MYOB
  • MYOB is very easy to navigate and find the correct information.
  • The Help section was very straight forward and very easy to learn.
  • MYOB was a great accounting tool for our business as it provided the accountant, sales, etc all of the information they need all in one place.
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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)
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MYOB
  • [In my opinion,] horrible interface to import data
  • [In my opinion,] user interface stuck in 1995
  • Needs improvement to usability
  • Contestant price increases
  • [In my opinion,] new in-app advertising is annoying
  • Countless different windows to do simple tasks like onboard an employee
  • [In my experience,] too slow
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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.
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MYOB
Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
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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.
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MYOB
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.
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Support Rating
Basware
No answers on this topic
MYOB
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.
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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
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MYOB
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.
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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
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MYOB
  • Made a life a lot easier by removing a lot of separate entries in multiple excel sheets
  • With all of the relevant information in one place, it is easier to process payments.
  • Most of the business only have one person doing the payroll compared to the team effort.
Read full review
ScreenShots