Basware Named a Leader in Inaugural Gartner Magic Quadrant for Accounts Payable Applications

As the Accounts Payable (AP) automation market is set to grow at a 12.8% CAGR through 2030, businesses are under increasing pressure to embrace digital transformation and AI, while e-invoicing compliance mandates, sophisticated fraud threats, and the shift to cloud-based ERP systems are reshaping finance operations. These pressures are compounded by squeezed budgets, making efficiency and automation critical for financial resilience. Basware empowers organizations to address these challenges head-on.  

Redefining AI-driven, end-to-end Invoice Lifecycle Management, Basware is powered by the largest, open e-invoicing network and unmatched data insights, strengthening the most complex financial operations worldwide. This is done through intelligent automation, stemming from Basware's ability to handle all invoices, everywhere in any format, along with offering full compliance and complete control of the entire invoice lifecycle process.  

Unlike any other market solutions, Basware provides full visibility and a single source of truth across all invoices on its platform. The result is lower operating costs, compliance and fraud protection, optimized working capital, talent development and retention, and better decision making.  

More than 6,500 customers across the globe including DHL, Heineken, and Sony have selected Basware's Invoice Lifecycle Management to streamline invoice processing, enhance compliance, reduce costs, and gain full visibility and control over their operations. Collectively, customers have processed more than 2 billion invoices totaling more than $10 trillion in invoice spend through Basware, leveraging its automation and AI-driven insights to drive efficiency. 

Jason Kurtz, CEO at Basware, commented:  
Basware is redefining how finance teams operate – eliminating inefficiencies, ensuring compliance, and delivering AI-driven insights so CFOs can make smarter, faster, strategic decisions. We believe that being named a Leader in the first Gartner Magic Quadrant for Accounts Payable Applications is a testament to our relentless commitment to driving value in AP automation. After 40 years of innovation, we're still leading the charge to make the invoice lifecycle process 100% touchless, 100% compliant, and 100% protected."  

Examples of customer achievements made possible with Basware include: 

Robert-Jan Van Looy, Senior Process Expert Purchase to Pay at Heineken, a Basware customer, shared:  

"We are pleased to see Basware recognized as a Leader in the Gartner Magic Quadrant. This validates our decision to partner with Basware in delivering on our Evergreen strategy to become the Best Connected Brewer."  

Basware's recognition as a Leader in the Gartner Magic Quadrant comes on the heels of key innovations, including the launch of Basware Insights, advancements in GenAI, and the introduction of AP Assurance, an integrated fraud protection and statement reconciliation solution. This also follows recognition from other major industry assessments, including Basware being named a Leader in The Forrester Wave™: Accounts Payable Invoice Automation, Q3 2024, being featured in the IDC MarketScape: Worldwide Accounts Payable Automation Software for Large Enterprises 2024, and peer-recognized as a Customers' Choice in the 2023 Gartner Peer Insights™ 'Voice of the Customer': Procure-to-Pay Suites.  

A complimentary copy of the Gartner® Magic Quadrant for Accounts Payable Applications report is available HERE. 

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*40 Years of AP Innovation  

+++++Over the past year, Basware has reinforced its platform with key innovations including: 

About Basware 

Basware is how the world's best finance teams gain complete control of every invoice, every time. Our Intelligent Invoice Lifecycle Management platform ensures end-to-end efficiency, compliance and control for all invoice transactions. Powered by the world's most sophisticated invoice-centric AI – trained on over 2 billion invoices – Basware's Intelligent Automation drives real ROI by transforming finance operations. We serve 6,500+ customers globally and are trusted by industry leaders including DHL, Heineken and Sony. Fueled by 40 years of specialized expertise with $10 trillion in total spend handled, we are pioneering the next era of finance. With Basware, Now it all just happens.™ 

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