CINXE.COM
Artificial Intelligence & Machine Learning
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posts">E-invoicing posts</a> </li></ul></div></div> <div class="ribbon-cta"> <img src="https://www.basware.com/hubfs/basware-com-master/Assets/basware-com/icons/basware-icon-contact-us.svg" width="40"> <p><a href="https://hubs.ly/Q01-WHbs0">Say hello to fully automated processes with Basware Touchless Invoicing. <strong>Learn more</strong></a></p> </div> </div></li><li> <a href="https://www.basware.com/en/about-basware" title="Company">Company</a><div class="c-mega-menu c-mega-menu__5c"> <div class="Container"><div class="c-mega-menu--col"> <h4> <a href="https://www.basware.com/en/about-basware" title="About Basware">About Basware</a> </h4> <ul> <li> <a href="https://www.basware.com/en/about-basware/leadership-team/" title="Leadership">Leadership</a> </li> <li> <a href="https://www.basware.com/en/about-basware/investors" title="Investors">Investors</a> </li> <li> <a href="https://www.basware.com/en/about-basware/legacy-of-innovation/" title="Legacy of Innovation">Legacy of 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</header> </div></div></div><!-- In .com site --> <main class="body-container-wrapper page-137853875265"> <div class="MainContent"> <span id="hs_cos_wrapper_my_flexible_column" class="hs_cos_wrapper hs_cos_wrapper_widget_container hs_cos_wrapper_type_widget_container" style="" data-hs-cos-general-type="widget_container" data-hs-cos-type="widget_container"><div id="hs_cos_wrapper_widget_131178009925" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><section data-block-title="Hero" class="Block Block--hero relative animate-in bg-theme theme-lightBlue inverted-style align-left has-image" style="--bg-image-url: url(https://www.basware.com/hs-fs/hubfs/Banners/Why%20basware%20banners/basware-why-ai-machine-learning.jpg?width=1600&name=basware-why-ai-machine-learning.jpg); --bg-image-size: cover; --bg-image-h-align: center; --bg-image-v-align: center; --tablet-bg-image-url: inherit; --mobile-bg-image-url: cover; overflow: hidden"> <div class="Block-mask relative z-1"> <div class="Container"> <div class="HeroContent py-s lg:pb-lg lg:pt-xl "> <div class="HeroContent-text"> <div class="Block-content"> <header class="Block-heading "><h1>AI and Machine Learning</h1></header><div class="Block-preamble t-preamble"><p>Manual processing is so yesterday. With AI and ML technologies, now it all just happens.</p></div><div class="Block-action flex flex-wrap flex-col md:flex-row mt-md"><a href="https://info.basware.com/en/speak-to-us" class="button pr purple"> Contact us </a></div></div> </div> <div class="HeroContent-media mb-xs mt-0 lg:mt-md lg:mb-0"> <div class="Block-image "><div></div> </div> </div> </div> </div> </div> </section><section data-block-title="Breadcrumbs" class="Block Block--breadcrumbs z-1 py-paragraph-mobile"> <div class="Breadcrumb Container" data-set-link-page-transition="loading"> <div class="max-w-grid mx-auto w-full"> <ul> <li class="breadcrumb-item"><a href="https://www.basware.com/en">Home</a></li> <li class="breadcrumb-item"> <a href="/en">en</a> </li> <li class="breadcrumb-item"> <a href="/en/why-basware">why basware</a> </li> <li class="breadcrumb-item"> <a href="/en/why-basware/advanced-cloud-technology">advanced cloud technology</a> </li> <li class="breadcrumb-item"> ai and machine learning </li> </ul> </div> </div> </section></div> <div id="hs_cos_wrapper_widget_1695122731154" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><div class="bwm-bullets FlowingText" style=" "> <div class="Container:narrow"> <div class="head"> <h2>Are you looking to improve the quality and accuracy of invoice data and eliminate manual processes?</h2> <p>Basware’s artificial intelligence (AI) and machine learning (ML) capabilities deliver many benefits across the <a href="/en/solutions/procure-to-pay/" rel="noopener">procure-to-pay</a> cycle. From invoice capture and data extraction to coding and matching, <a href="/en/ai-hub" rel="noopener">our innovative AI and ML technologies</a> add value by accelerating processing times, reducing the need for manual effort, and eliminating errors.</p> </div> <div class="list-item"> </div> </div> </div></div> <div id="hs_cos_wrapper_widget_1694429864324" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><div class="bwm-snav stickit bg-theme theme-darkBlue"> <div class="toggle-button"></div> <div class="Container"> <ul> <li> <a href="#overview" target="_self">Solution overview</a> </li> <li> <a href="#customers" target="_self">Customer success</a> </li> <li> <a href="#benefits" target="_self">Benefits</a> </li> <li> <a href="#why-basware" target="_self">Why Basware</a> </li> </ul> </div> </div></div> <div id="hs_cos_wrapper_widget_1696416020514" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><section data-block-title="One column" data-default-fields="subheading,heading,image,preamble,body_text" class="Block Block--oneColumn align-center theme-white textAlign-left" id="overview"> <div class="bg-theme"> <div class="Container:narrow py-block"> <div class="max-w-content mx-auto"><div class="Block-body FlowingText"><h2>Capabilities</h2> <h4 style="font-size: 1.4rem!important;"><i class="fa-solid fa-check"></i> <strong>SmartPDF</strong></h4> <p>Basware automates the conversion of machine-readable PDFs to e-invoices consistently with above 97% accuracy, requiring extremely minimal manual effort. Unlike optical character recognition (OCR) technology that relies on mapping each invoice field for every invoice, SmartPDF AI is trained using data automatically extracted from historical invoices via a state-of-the-art machine learning model. </p> <p>Since SmartPDF AI removes invoice data-mapping from the process, it requires zero setup, manual validation or configuration, and supports more languages. Whether a new supplier sends an invoice for the first time or an existing supplier changes invoice formats, the self-learning system automatically adjusts. It is designed to ask as few questions as possible and once answered, the artificial intelligence (AI) learns immediately, never asking the same question again. Plus, the AI takes into consideration, not just the text, but also features, such as fonts, lines, logos, etc., allowing it to recognize the patterns better and ultimately improve accuracy. </p> <p><a href="/en/solutions/ap-automation/smartpdf" rel="noopener">Learn more about SmartPDF -></a></p> <h4 style="font-size: 1.4rem!important;"><i class="fa-solid fa-check"></i> <strong>Advanced Matching</strong></h4> <p>Traditional matching leaves your AP team with a variety of issues, often leading to manual exception handling. Basware’s advanced matching algorithms provide all the key elements needed to reach high levels of automation and drive touchless processing. Basware solutions enable the use of any combination of invoices, POs, goods receipts, quality checks, contracts, etc. at the line or header level for straight-through processing of PO-based invoices. And when information is missing, Basware uses recognition methods that combine association settings and calculation rules to provide more accurate matching results, minimizing exceptions.</p> <h4 style="font-size: 1.4rem!important;"><i class="fa-solid fa-check"></i> <strong>SmartCoding</strong></h4> <p>SmartCoding alleviates the strain of exception handling for non-PO invoices and helps you move closer to <a href="https://info.basware.com/en/touchless-invoice-processing">touchless invoice processing</a>. With SmartCoding, invoices that are not backed by purchase orders, coding templates, or recurring payment plans can also be automatically coded with minimal human interaction. Using a state-of-the-art machine learning algorithm, SmartCoding technology automatically searches and analyzes historical data to recommend appropriate coding for non-PO invoices. By leveraging and learning from company financial data, the technology continuously improves the accuracy of its recommendations – increasing efficiency, productivity, and accuracy of invoice handling. This eliminates the manual, time-consuming activities of researching and coding specific invoice types – saving significant time in the AP Department. </p> <p><a href="/en/solutions/ap-automation/smartcoding" rel="noopener">Learn more about SmartCoding -></a></p> <h4 style="font-size: 1.4rem!important;"><i class="fa-solid fa-check"></i> <strong>Predictive Analytics</strong></h4> <p>Basware’s predictive analytics capabilities incorporate an intelligent algorithm to identify invoices at risk of being paid late, enabling organizations to prevent late payments, capture early payment discounts, and optimize cashflow. Our predictive analytics show users the powerful knowledge that is in their data by analyzing patterns found in transactional information and predicting potential future outcomes. This enables more proactive decision-making that drives competitive advantage. </p> <p><a href="/en/solutions/procure-to-pay/analytics/" rel="noopener">Learn more about Basware Analytics -></a></p></div></div> </div> </div> </section></div> <div id="hs_cos_wrapper_widget_1695124020833" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><div class="bwm-test-slider bg-theme theme-darkBlue" id="customers" style="Background:url(https://www.basware.com/hubfs/Basware%20Hubspot/Basware_Brand-Texture_Backgrounds_Midnight-Green.jpg) no-repeat center;margin-top:0; margin-bottom:0"> <div class="Container:narrow"> <div class="test-list"> <div class="s-test"> <div class="c-quote"> <div class="moon-quotes-rights"> <svg width="30" height="27" xmlns="http://www.w3.org/2000/svg" id="Layer_1" data-name="Layer 1" viewbox="0 0 133 86.53"> <defs> <style> .cls-1 { fill: #ffffff; stroke-width: 0px; } </style> </defs> <path class="cls-1" d="M2.8,44.33l17.48,37.68c1.36,3.04,5.12,4.52,8.07,4.52s7.13-1.81,8.52-4.79L66.8,9.13c.46-.89.66-1.79.66-2.72,0-4.24-3.71-6.41-8.44-6.41-3.04,0-6.98,1.32-8.29,3.94l-22.69,58-11.44-26.15c-1.2-2.62-4.9-3.94-7.93-3.94-4.7,0-8.67,2.16-8.67,6.41,0,.93,2.8,6.07,2.8,6.07h0Z" /> <path class="cls-1" d="M68.34,44.33l17.48,37.68c1.36,3.04,5.12,4.52,8.07,4.52s7.13-1.81,8.52-4.79l29.93-72.62c.46-.89.66-1.79.66-2.72,0-4.24-3.71-6.41-8.44-6.41-3.04,0-6.98,1.32-8.29,3.94l-22.69,58-11.44-26.15c-1.2-2.62-4.9-3.94-7.93-3.94-4.7,0-8.67,2.16-8.67,6.41,0,.93,2.8,6.07,2.8,6.07h0Z" /> </svg> </div> <div class="right"> <p>Basware PDF E-Invoice service helps us save time and money when processing invoices, I would choose Basware again</p> <p class="author"> <a href="https://www.basware.com/en/why-basware/customers/mcdonalds-germany/" target="_blank" rel="noopener"> McDonald’s Germany </a> </p> </div> </div> </div> <div class="s-test"> <div class="c-quote"> <div class="moon-quotes-rights"> <svg width="30" height="27" xmlns="http://www.w3.org/2000/svg" id="Layer_1" data-name="Layer 1" viewbox="0 0 133 86.53"> <defs> <style> .cls-1 { fill: #ffffff; stroke-width: 0px; } </style> </defs> <path class="cls-1" d="M2.8,44.33l17.48,37.68c1.36,3.04,5.12,4.52,8.07,4.52s7.13-1.81,8.52-4.79L66.8,9.13c.46-.89.66-1.79.66-2.72,0-4.24-3.71-6.41-8.44-6.41-3.04,0-6.98,1.32-8.29,3.94l-22.69,58-11.44-26.15c-1.2-2.62-4.9-3.94-7.93-3.94-4.7,0-8.67,2.16-8.67,6.41,0,.93,2.8,6.07,2.8,6.07h0Z" /> <path class="cls-1" d="M68.34,44.33l17.48,37.68c1.36,3.04,5.12,4.52,8.07,4.52s7.13-1.81,8.52-4.79l29.93-72.62c.46-.89.66-1.79.66-2.72,0-4.24-3.71-6.41-8.44-6.41-3.04,0-6.98,1.32-8.29,3.94l-22.69,58-11.44-26.15c-1.2-2.62-4.9-3.94-7.93-3.94-4.7,0-8.67,2.16-8.67,6.41,0,.93,2.8,6.07,2.8,6.07h0Z" /> </svg> </div> <div class="right"> <p>96% of invoices are sent as e-invoices </p> <p class="author"> <a href="https://www.basware.com/en/why-basware/customers/carlsberg-denmark/" target="_blank" rel="noopener"> Carlsberg </a> </p> </div> </div> </div> <div class="s-test"> <div class="c-quote"> <div class="moon-quotes-rights"> <svg width="30" height="27" xmlns="http://www.w3.org/2000/svg" id="Layer_1" data-name="Layer 1" viewbox="0 0 133 86.53"> <defs> <style> .cls-1 { fill: #ffffff; stroke-width: 0px; } </style> </defs> <path class="cls-1" d="M2.8,44.33l17.48,37.68c1.36,3.04,5.12,4.52,8.07,4.52s7.13-1.81,8.52-4.79L66.8,9.13c.46-.89.66-1.79.66-2.72,0-4.24-3.71-6.41-8.44-6.41-3.04,0-6.98,1.32-8.29,3.94l-22.69,58-11.44-26.15c-1.2-2.62-4.9-3.94-7.93-3.94-4.7,0-8.67,2.16-8.67,6.41,0,.93,2.8,6.07,2.8,6.07h0Z" /> <path class="cls-1" d="M68.34,44.33l17.48,37.68c1.36,3.04,5.12,4.52,8.07,4.52s7.13-1.81,8.52-4.79l29.93-72.62c.46-.89.66-1.79.66-2.72,0-4.24-3.71-6.41-8.44-6.41-3.04,0-6.98,1.32-8.29,3.94l-22.69,58-11.44-26.15c-1.2-2.62-4.9-3.94-7.93-3.94-4.7,0-8.67,2.16-8.67,6.41,0,.93,2.8,6.07,2.8,6.07h0Z" /> </svg> </div> <div class="right"> <p>Substantial savings at transaction level, faster invoice capture, better electronic data quality and greater transparency. </p> <p class="author"> <a href="https://www.basware.com/en/why-basware/customers/mercedes-benz/" target="_blank" rel="noopener"> Mercedes-Benz </a> </p> </div> </div> </div> <div class="s-test"> <div class="c-quote"> <div class="moon-quotes-rights"> <svg width="30" height="27" xmlns="http://www.w3.org/2000/svg" id="Layer_1" data-name="Layer 1" viewbox="0 0 133 86.53"> <defs> <style> .cls-1 { fill: #ffffff; stroke-width: 0px; } </style> </defs> <path class="cls-1" d="M2.8,44.33l17.48,37.68c1.36,3.04,5.12,4.52,8.07,4.52s7.13-1.81,8.52-4.79L66.8,9.13c.46-.89.66-1.79.66-2.72,0-4.24-3.71-6.41-8.44-6.41-3.04,0-6.98,1.32-8.29,3.94l-22.69,58-11.44-26.15c-1.2-2.62-4.9-3.94-7.93-3.94-4.7,0-8.67,2.16-8.67,6.41,0,.93,2.8,6.07,2.8,6.07h0Z" /> <path class="cls-1" d="M68.34,44.33l17.48,37.68c1.36,3.04,5.12,4.52,8.07,4.52s7.13-1.81,8.52-4.79l29.93-72.62c.46-.89.66-1.79.66-2.72,0-4.24-3.71-6.41-8.44-6.41-3.04,0-6.98,1.32-8.29,3.94l-22.69,58-11.44-26.15c-1.2-2.62-4.9-3.94-7.93-3.94-4.7,0-8.67,2.16-8.67,6.41,0,.93,2.8,6.07,2.8,6.07h0Z" /> </svg> </div> <div class="right"> <p>We needed a solution that was compliant in the many countries we operate in. In addition, we needed the solution to be highly flexible when it comes to connectivity with other e-Invoicing platforms, so we could use the same provider in every country and region to serve all of our customers. </p> <p class="author"> <a href="https://www.basware.com/en/why-basware/customers/philips/" target="_blank" rel="noopener"> Philips </a> </p> </div> </div> </div> </div> </div> </div></div> <div id="hs_cos_wrapper_widget_1695123830854" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><section data-block-title="One column" data-default-fields="subheading,heading,image,preamble,body_text" class="Block Block--oneColumn align-center theme-white textAlign-left" id="benefits"> <div class="bg-theme"> <div class="Container:narrow py-block"> <div class="max-w-content mx-auto"><div class="Block-body FlowingText"><h2>How Basware can help</h2> <p>The introduction of predictive intelligence is an evolution in the journey towards delivering AI-powered insights that give our customers a distinct advantage. With this level of insight, our customers reduce the cost of operations, spend smarter, and build strong business relationships with suppliers. We aim to help customers harness the power of innovations like predictive and prescriptive analytics, and artificial intelligence while providing them with a roadmap to success. With this approach, AI and ML stop being mere buzzwords – instead, they deliver a measurable impact on P2P operations.</p> <h4 style="font-size: 1.4rem!important;"><i class="fa-solid fa-check"></i> Accounts Payable Benefits</h4> <ul> <li>Support Accounts Payable (AP) processes with artificial intelligence to automate and reduce manual handling of invoices.</li> <li>State of the art AI automates the conversion of machine-readable PDFs to e-invoices with 97% accuracy.</li> <li>With very little human interaction required, your AP team saves a tremendous amount of time.</li> <li>Faster invoice processing times allow you to improve your cashflows and generate savings through early payment discounts and DPO optimization.</li> <li>Minimize exception handling. Once your AP staff teaches the AI how to handle an exception, it will never ask the same question again.</li> </ul> <h4 style="font-size: 1.4rem!important;"><i class="fa-solid fa-check"></i> Financial Insight Benefits</h4> <ul> <li>Convert PDF & paper invoices to e-invoices with Basware. The information always remains in an electronic format, which eliminates data extraction errors. </li> <li>Better accuracy leads to better invoice data quality and greater spend visibility. </li> <li>Our AI automatically identifies invoices that are likely to get paid late. This allows you to handle them early to realize even more early payment discounts.</li> </ul></div></div> </div> </div> </section></div> <div id="hs_cos_wrapper_widget_1695301674283" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><div class="bwm-cta-banner" style="background:url(https://www.basware.com/hubfs/Banners/Generic%20banners/basware-testimonial-purple.jpg) no-repeat center;margin-top:0; margin-bottom:0"> <div class="Container:narrow"> <h2>Want to know how you can make it happen?</h2> <p>Book a consultation call with our solutions experts to discuss the benefits of AI and Machine Learning.</p> <div class="cta"> <a href="https://info.basware.com/en/speak-to-us" class="button white"> Contact us </a> </div> </div> </div></div> <div id="hs_cos_wrapper_widget_1732116310699" class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style="" data-hs-cos-general-type="widget" data-hs-cos-type="module"><div class="bwm-three-color" id="why-basware"> <div class="Container:narrow"> <div class="head"> <h2>Why customers use Basware as their leading AP Automation Provider</h2> </div> <div class="item-list"> <div class="item"> <div class="item-content bg blue"> <div class="ficon"> <i class="fak fa-true-automation" style="color:#fff;font-size: 6em;" aria-hidden="true"></i> </div> <h3> True Automation </h3> <p> Cutting-edge technology powered by AI & ML that eliminates all manual processes </p> </div> </div> <div class="item"> <div class="item-content bg purple"> <div class="ficon"> <i class="fak fa-complete-coverage" style="color:#fff;font-size: 6em;" aria-hidden="true"></i> </div> <h3> Complete Coverage </h3> <p> Global compliance capabilities and the ability to integrate with 250 ERPs across more than 190 countries </p> </div> </div> <div class="item"> <div class="item-content bg green"> <div class="ficon"> <i class="fak fa-deeper-expertise" 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Something more realistic.', clearKeywordBtn : 'Clear input', }, // Note: Tab titles will be read via config.contentTypes IDs tabs : { all : 'All', site : 'Site content', products: 'Products', //documents: 'Documents', //faq: 'FAQ', }, products: { filter : { inputLabel : 'Search for product or article', inputPlaceholder : 'Product name, article number, or category', inputPlaceholderShort: 'Product / article', }, listing: { matchedByArticle : 'Matched by Article', matchedByCategory: 'Matched by Category', matchedXArticles : 'Found no articles | Found one article | Found {count} articles ', articles : 'article | articles', noResults : '<h2>How embarrassing… 🙈</h2><p>We could not find anything that matches your keyword “{0}” :(</p><p>You can search for product names, categories and article details.</p>', viewAllProducts : 'View all products', }, }, } } }) </script></div> <!-- HubSpot performance collection script --> <script defer src="/hs/hsstatic/content-cwv-embed/static-1.1293/embed.js"></script> <script async defer src="https://www.basware.com/hs-fs/hub/2999407/hub_generated/template_assets/93629886780/1730804247562/Basware_MASTER/basware-com/js/vendors-app.min.js"></script> <script async defer src="https://www.basware.com/hs-fs/hub/2999407/hub_generated/template_assets/93629933736/1693813772283/Basware_MASTER/basware-com/js/app.min.js"></script> <script> var hsVars = hsVars || {}; hsVars['language'] = 'en'; </script> <script src="/hs/hsstatic/cos-i18n/static-1.53/bundles/project.js"></script> <script src="https://www.basware.com/hs-fs/hub/2999407/hub_generated/module_assets/132840581653/1714628709711/module_132840581653_Sticky_Navigation.min.js"></script> <script src="https://www.basware.com/hs-fs/hub/2999407/hub_generated/template_assets/132830733993/1693557360758/Basware_MASTER/basware-com/js/slider.min.js"></script> <script src="https://www.basware.com/hs-fs/hub/2999407/hub_generated/module_assets/132821287352/1706695685171/module_132821287352_Testimonial_Slider.min.js"></script> <script src="https://www.basware.com/hs-fs/hub/2999407/hub_generated/template_assets/93634066712/1674825668489/Basware_MASTER/basware-com/js/vendors-page.min.js"></script> <!-- Start of HubSpot Analytics Code --> <script type="text/javascript"> var _hsq = _hsq || []; _hsq.push(["setContentType", "standard-page"]); _hsq.push(["setCanonicalUrl", "https:\/\/www.basware.com\/en\/why-basware\/advanced-cloud-technology\/ai-and-machine-learning\/"]); _hsq.push(["setPageId", "137853875265"]); _hsq.push(["setContentMetadata", { "contentPageId": 137853875265, "legacyPageId": "137853875265", "contentFolderId": null, "contentGroupId": null, "abTestId": null, "languageVariantId": 137853875265, "languageCode": "en", }]); </script> <script type="text/javascript" id="hs-script-loader" async defer src="/hs/scriptloader/2999407.js"></script> <!-- End of HubSpot Analytics Code --> <script type="text/javascript"> var hsVars = { render_id: "73e58c64-69df-448f-805c-966129cfaf12", ticks: 1732116387515, page_id: 137853875265, content_group_id: 0, portal_id: 2999407, app_hs_base_url: "https://app.hubspot.com", cp_hs_base_url: "https://cp.hubspot.com", language: "en", analytics_page_type: "standard-page", scp_content_type: "", analytics_page_id: "137853875265", category_id: 1, folder_id: 0, is_hubspot_user: false } </script> <script defer src="/hs/hsstatic/HubspotToolsMenu/static-1.354/js/index.js"></script> <div id="mm-blocker" class="mm-slideout"></div> </body></html>