Basware

Finnish S2P vendor, taken private by Accel-KKR in 2022.

Definition

Basware P2P covers procurement (catalogs, contracts, sourcing), invoice automation (multi-channel capture, matching, approval workflow), payments. Basware Network aggregates a certified Peppol Access Point plus e-invoicing compliance in 70+ countries. ML-based AI invoice classification since 2021. Gradual migration from the legacy on-premise suite to Basware Cloud SaaS.

Origin

Basware Oy, founded 1985 by Hannu Vaajoensuu and Sakari Perttunen, IPO Nasdaq Helsinki 2000, taken private by Accel-KKR in 2022 €575M.

Usage

AP automation and e-invoicing for Heineken, Daimler, Sanofi, Pirelli. Strong in Northern Europe, growing US presence.

Related terms

• Source-to-Pay — catégorie suite.
• Peppol — réseau interop.
• AP automation — cas usage central.