Basware
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| Fact | Basware | Sievo Spend Analytics |
|---|---|---|
| Founded | Basware says it was founded in 1985. | 2003 |
| Headquarters | Espoo, Finland | Helsinki, Finland |
| Integrations | Basware says its P2P solutions integrate with more than 250 ERP systems, including SAP, Oracle, and Microsoft, using open APIs and certified integrations. | Sievo connects with modern APIs and legacy systems such as on-premise SAP and Oracle EBS. |
| Purpose | Basware automates procure-to-pay processes spanning procurement, accounts payable, and invoice automation. | Sievo Spend Analytics transforms procurement spend data into savings opportunities and actionable insights. |
Basware is aimed at large, globally operating organizations with high invoice volumes, finance shared service centers, and businesses working across multiple ERP systems.
It is designed for large enterprises with $1 billion or more in revenue that need procurement spend classification, supplier or category analysis, and savings opportunities. Organizations should be prepared for an implementation that may take several weeks to a few months.