Basware Competitors and Alternatives (2024)
But, Basware isn’t your only accounts payable option. In this article, we’ll dive into the top Basware competitors and alternatives for your business.
We’ll also talk about how the Wise Business account can help you manage your business easily and cost-effectively across borders.
Wise Business
Track international accounts payables automatically with QuickBooks and Wise. If you have international bills to pay, not only can you pay them at the mid-market rate with Wise, but now you can also sync Wise with QuickBooks.
A streamlined accounts payable process can increase business efficiency. Figuring out how to streamline international payments can be a tricky part of the process, though. Wise Business can help with international bill payments. With a Wise Business account, you can make international payments in one click. This could be to suppliers, customers, or overseas contractors and employees.
Looking to hold funds, as well as send payments?
Esker
Esker offers automation solutions for order-to-cash and procure-to-pay workflows. In particular, they engage in document processing, accounts payable, accounts receivable, and sales order processing. Through its software suite, Esker helps businesses go from manual processes to ones that promote efficiency and collaboration across administrative and financial teams. In terms of accounts payable, you can remove the pains of manual invoice processing with their data capture, touchless processing, and electronic workflow capabilities. In the end, you'll be able to manage your cash flow with less stress.
Pricing:
Contact Sales
Nanonets
NanoNets is a technology company that specializes in machine learning and artificial intelligence-driven solutions, particularly in the area of data extraction and processing. The company offers a platform that harnesses the power of deep learning to automatically recognize and classify diverse types of data, making it easier for businesses to extract valuable information from documents, images, and other data sources. When it comes to invoicing, Nanonets applies their OCR technology to help you automate your accounts payable. Nanonets's Invoice OCR takes data from invoices and allows businesses to automate accounts payable process and removes the manual labor. With faster invoice processing, businesses can pay suppliers more quickly and build better relationships with their suppliers.
Pricing:
Three plans: Pay-as-you-go (Per page free starting at $0.3), $999/month/model, Enterprise
fleetcor
Fleetcor helps companies both manage spending and streamline the payments process. They have a two big focuses: 1) AP and Vendor payments 2) Vehicle and Mobility Solutions. When it comes to AP and Vendor payments, Fleetcor can help you automate accounts payable, do cross-border payments, get commercial cards, and help your small business get your bills paid efficently. With vehicle and mobility solutions, Fleetcor assists in helping you manage your fleet, pay tolls, handle lodging, and issue cards to your team.
Pricing:
Contact Sales
SAP Concur
SAP Concur is part of the larger company, SAP. This tool helps you connect your financial data and get a handle on your business spending. Automating your spending can help your team run more efficiently and even eliminate some errors that you could make doing everything manually. SAP Concur has plenty of solutions spread across a few key areas: Expenses, Travel, Data, and Invoicing. SAP Concur also offers support to ensure that you get the help when you need it. Accounts payable can be a challenge for small businesses—that's why SAP Concur offers the ability to digitize invoice capture and processing, match invoices and purchase orders, and automate payments.
Pricing:
Contact Sales
AppZen
AppZen automates financial processes and reduces expenditures for businesses. Some of the key tasks it deals with are expense report auditing, invoice processing, and contract review. The platform uses machine learning to analyze financial transactions in real-time. By scrutinizing expenses, it can identify issues with compliance, potential fraud cases, and wasteful spending. Besides locating anomalies, AppZen gives detailed insights into financial risks for more informed decisions. As businesses grapple with increasing financial complexities and compliance regulations, AppZen's platform stands out as an invaluable tool that ensures accuracy, integrity, and efficiency in finance operations.
Pricing:
Contact Sales
Airbase
Airbase consolidates spend management under one umbrella. Its powerful features include customizable approval workflows, real-time reporting, and guided procurement, which streamlines purchasing decisions while ensuring compliance with company policies. The platform also simplifies managing company cards, reimbursements, and bill payments all in one place. Pricing is tiered - there’s the Standard plan, Premium plan, and Enterprise plan that all accommodate a certain number of employees. You’ll have to request a quote if you’re interested. In addition, there are also custom packages available.
Pricing:
Plans are split into 3 plans: Standard, Premium, Enterprise. These plans are for different company sizes. You'll need to contact Airbase's sales team to learn more.
MineralTree
MineralTree is a significant competitor in the space of invoice-to-pay solutions, bringing a new level of efficiency and automation to accounts payable tasks. Their end-to-end platform simplifies the complexities related to these processes with their TotalAP and TotalPay products. MineralTree integrates into your ERP system, which will help you ensure that your team is not tasked with even more efficiencies after starting to use it. While using MineralTree, you'll benefit from automated invoice capture, which extracts the necessary data, so you doesn't have to. Lastly, since many of MineralTree's customers are looking for suppliers, they bring them to you through a large, comprehensive supplier network.
Pricing:
Contact Sales
Some features Wise Business users love:
Receive Payments like a local: Businesses can pay a one-time fee for accounts details in global currencies, such as USD, EUR, GBP, CAD, so they can receive money without any additional fees
Send payments at low cost: Wise Business is doing its best to lower the costs of doing business. With the mid-market exchange rate, you can send money overseas with Wise and avoid hidden fees.
Account Software Integration: QuickBooks, Xero, Sage, and Wave
Payroll and batch payment tools: Pay up to 1,000 invoice in one instance
The International Account: Hold and make payments in 40+ currencies
Transparency: Wise Business is trying to get rid of all your business account fees
Melio
Melio gives your company easier methods to pay contractors, suppliers, and vendors. And, you can do it on your own terms. You can send your vendors a transfer or even a check without needing to go through the sign-up process. In terms of payments, you can get international payments, combine payments, and even set up partial payments. Your team will also see enhanced approval workflows, easy bill, capture, and the ability to get rewards on credit card expenditures.
Pricing:
No subscription price, but there is a fee by payment type: ACH Bank Transfers (Free), Pay by Card (2.9%), Instant Transfer (1.5% up to $50), etc.
Bill.com
BILL is a full-featured accounts payable and accounts receivable solution. The all-in-one platform simplifies financial workflows, allowing businesses to stay in control of their finances. BILL is not overly technical, providing multiple products in an easy-to-use manner. You'll find that they have credit and expense management, automated approval processes, and advanced document management.
Pricing:
$79 /month per month for AP and AR ($45 for each separately)
Paddle
Paddle wants to help you maximize your profits. This includes helping you maintain relationships with payment providers, taking on liability for both charging and remitting sales tax, as well as fraud. You can also rely on Paddle for handling your billing-related issues and queries. Paddle's billing feature has a lot to offer. Here's a high-level overview: They take care of your payments, subscription management, tax, and more, which will help you spend more time on growing your business. It's important to note here that Paddle focuses on SaaS businesses specifically.
Pricing:
Two plans: Pay-as-you-go (5% + 50¢ per Checkout) transaction or Contact Sales
Spendesk
Spendesk provides payment solutions for streamlining spending and expense management processes for businesses. Among its products, you will find prepaid business cards, invoice payment, and expense reimbursements solutions, which assist in simplifying how companies manage their daily expenses. Coupling these solutions with real-time spending insights, Spendesk enables businesses to maintain better control over their expenses, thereby reducing the risk of fraud and overspending. The company places a strong emphasis on innovation, creating a user-friendly interface that integrates seamlessly with existing accounting software, facilitating more effective budget management and approval workflows. With Spendesk, companies can allocate funds to employees and set spending limits, allowing for better budget adherence and transparency. It has garnered attention and trust from various businesses across industries, gaining momentum in the competitive fintech market space due to its robust, efficient, and innovative solutions to manage company expenditures.
Pricing:
Contact Sales
Coupa
Coupa is a spend management platform that helps organizations make expenditures more efficiently and profitably. This includes managing expenses, streamlining payments, and invoicing. It's not just about money in and money out though—you'll also be able to go deeper into sourcing, supply chain design, inventory management, and contract management. With Coupa, you'll be able to go deeper into all things spend and remove the silos that can make your company inefficient and unmanagable.
Pricing:
Contact Sales
Laserfiche
Laserfiche specializes in a few core products. These include intelligent data capture, process automation, document and records management, integrations, information governance, and solution templates. While Laserfiche offers numerous products, let's take a look specifically at their accounts payable feature. Laserfiche takes care of purchase order generation, invoice payment processing, expense reimbursements, budget transfers, and general ledger management.
Pricing:
Three plans that are pay-per-use and bill your company annually: Starter ($50/user/month), Professional ($69/user/month), Business ($79/user/month)
Docuware
DocuWare is a global provider of cloud-based document management and workflow automation solutions. Established with the aim of helping organizations transition to paperless operations, DocuWare centralizes and digitizes documents, ensuring secure storage, easy retrieval, and streamlined collaboration. Its platform integrates seamlessly with existing software applications, allowing businesses to automate manual processes, improve efficiency, and bolster compliance. Whether catering to the needs of finance, human resources, or customer service departments, DocuWare provides tools for electronic signatures, mobile access, and intelligent indexing. A big part of digital transformation is giving your invoicing and billing an update. DocuWare does this by helping you create digital invoices that can be indexed and retrieved quickly. With their workflows, you can expedite your payment process and give time back to your team.
Pricing:
Contact Sales
Procurify
Procurify is a cloud-based procurement management platform which streamlines purchasing processes and spend management. With features that facilitate purchase order creation, approval workflows, and real-time budget tracking, the platform aids businesses in achieving greater transparency and accountability in their procurement operations. Let's take some time to discuss Procurify's Accounts Payable feature. Procurify’s accounts payable systems organize your purchasing and invoicing documents in one location, helping you pay invoices more quickly.
Pricing:
Contact Sales
Try Wise Business for Overseas and Domestic Payments
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies.
You can also get 9 major currency account details for a one-off fee to receive overseas payments like a local. You can open and manage your account online, or via the app, whenever you need. No need to wait in line or book appointments.
Sources:
- https://www.coupa.com/contact-us
- https://www.laserfiche.com/get-a-demo/
- https://start.docuware.com/en-free-demo?
- https://www.procurify.com/pricing/
- https://www.basware.com/en-en/pricing/
- https://get.esker.com/contact-us/
- https://nanonets.com/pricing
- https://www.fleetcor.com/
- https://www.concur.com/en-us/get-quote-form
- https://www.appzen.com/request-a-demo
- https://www.airbase.com/pricing
- https://www.mineraltree.com/demo/
- https://app.meliopayments.com/register
- https://www.bill.com/product/pricing#business
- https://www.spendesk.com/pricing/
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.