Home > Procurement Software > Basware > Basware vs Procurify

Basware vs Procurify

Last Updated: November 18th, 2024

Our analysts compared Basware vs Procurify based on data from our 400+ point analysis of Procurement Software, user reviews and our own crowdsourced data from our free software selection platform.

Overview Pricing Benefits & Features Analyst Ratings Comparison Charts User Ratings Analyst Summary Screenshots

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Product Basics

Basware offers networked source-to-pay tools, e-invoicing, analytics and value added services. It facilitates automated operations and management, spend and supply chain visibility, supplier management, early payment discounts and more. It helps reduce paperwork, save time and effort spent in manual work, boosts working capital and enhances business ROI. It serves B2B companies of all sizes and industries.

Procurify is a spend management solution that helps improve spend culture by tracking expenses and purchases. It streamlines workflows and approval processes, as well as enables faster communication. Features include budget tracking, expense management, vendor management, audit logs, analysis, reporting and more. Easy integration with accounting offerings makes it easier to accumulate data in one place, while mobile access offers user convenience.

$15,000/Invoice Transaction, Annually

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$1,000 Monthly

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Small

Medium

Large

Small

Medium

Large

Windows

Mac

Linux

Android

Chromebook

Windows

Mac

Linux

Android

Chromebook

Cloud

On-Premise

Mobile

Cloud

On-Premise

Mobile

Product Assistance

Documentation

In Person

Live Online

Videos

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Documentation

In Person

Live Online

Videos

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Phone

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Knowledge Base

24/7 Live Support

Phone

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24/7 Live Support

Product Insights

Eliminates Paperwork: Reduces paperwork by digitizing all operations starting from point of order placement to payment.
Increases Visibility: Offers complete visibility for spend, suppliers, buyers and the supply chain.
Saves Time and Effort: Streamline work using AI and machine learning, which help automate manual tasks such as invoicing, account payable management and other day-to-day tasks.
Boosts Working Capital and Cash Flow Visibility: Improves the flow of payments through early payment discounts offered to suppliers for releasing payments quickly. Adoption of e-invoices improves cash flow visibility.
Strengthens Supplier Relationships: Offers tools for supplier registration, pre-approved workflows and questionnaires to evaluate supplier performance management and help improve relationships with suppliers.

Mobile App: Request, approve and receive goods; record items; capture and save packing slips and receipts; and receive alerts when an item needs attention.
Control Expenses: Track purchases and budget, viewing a purchase pipeline to check what needs to be bought next month and plan accordingly.
Integration: Use API access to integrate with accounting systems like NetSuite and QuickBooks, purchasing systems like Amazon PunchOut, and other software like Slack.
Faster Communication: Communicate in-app instead of depending on emails or messages in another tool, which makes the decision-making process easier.
Stay Compliant: Track and manage budget, purchase orders, shipping documents and invoices on one platform and ensure they are ready during the auditing process.

Procure-to-Pay: Offers automation for several features including point of order, purchasing, receiving and payments, accounting and more.
- Analytics: Provides access to spend and helps identify opportunities, optimize cash flow and make strategic, data-driven decisions.
- AI and Machine Learning: Replaces manual tasks, captures invoices, performs data extractions, saves time and reduces the probability of errors.
- Support Services: A customer care team of dedicated support specialists assists with identifying and resolving issues, as well as modifying business processes. Other features include customer service management that enables continuous improvements in organizational processes and offers several supplier enablement tools.
- Source-to-Pay: Supports strategic contract lifecycle management and sourcing to strengthen vendor relationships along with negotiation stages. Also offers electronic purchase requisition procurements, validation of invoice receipts and discount management on early payment.
AP Automation:
- Discount Management: Several tools support supplier activation, automation, analytics and dynamic discounting to carry out discount management with ease.
Network:
- E-Invoicing for Buyers: Connects users with suppliers to let them share invoices electronically. Receive invoices in any format such as XML, EDI, PDF or paper, which the solution converts to deliver as an electronic invoice.
- E-Invoicing for Suppliers: Receive POs and share invoices with buyers electronically. Ensures compliance and global operations. Improves transaction status visibility and timely payment performance.
- Network Interoperability: Provides open network interoperability with 220+ e-invoicing network partners globally. Includes country-specific networks as well.
E-Procurement:
- Marketplace: Connect with suppliers through punchouts and catalogs to facilitate guided purchasing, e-procurement, price negotiations, supplier collaborations and more.
- Strategic Sourcing: Helps conduct and manage electronic auctions, collect, store and evaluate supplier information, manage projects and contracts, and onboard suppliers easily and quickly.
Supplier Management: Enables centralized visibility over supplier information, with automated updating in real time. Includes end-to-end visibility for each supplier’s performance and facilitates timely receipt of payments.
Working Capital: Leverage automated and integrated visibility into spending, a variety of discount programs for receipt of early payments, dynamic discounting and more.
Travel and Expense Management: Submit travel plans for approval before reservations and capture, claim and take actions on submitted expenses and reports at any time via the mobile app.

Approval Process: Customize and decide approval flows, control who gives approvals, and set approvals based on location, departments, users and dollar thresholds. Get notified and check real-time impact of budgets before approval.
Purchasing Workflows: Streamline item purchase, approval, receiving and requests and match invoices to POs for payment. Pay with 3-way matching, generate POs and search for records.
Budget Tracking: Track budgets in real time, keep a check on expenses and set up budget by projects, departments and more. Check the impact of new items on the budget before purchase and access graphs on actual and committed spending.
Expense Management: Monitor personal spending or spending on credit cards, loop paper receipts and upload statements on the mobile app.
Vendor Management: Manage vendors and track their performance against set parameters, create purchase orders, check for received items before making payments and create catalogs to order items from the right place.
Spend Analysis and Reporting: Log spending and purchases, leveraging reporting graphics to get insights on trends. Access spend analysis divided into set categories like departments, users and more.
Audit Logs: Capture, record and manage the history of all purchasing documents, including what edits were made and who made the request, approved purchase and received the items.
User Permission: Set and customize job roles based on requirements and at a glance view permissions that are enabled for specific job roles. Limit access to administrative pages to specific job roles.

Product Ranking

#6

among all
Procurement Software

#8

among all
Procurement Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Basware

Procurify

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88%

12%

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83%

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33%

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71%

29%

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83%

17%

90%

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83%

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71%

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67%

33%

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33%

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User Sentiment Summary

85%

of users recommend this product

Basware has a 'great' User Satisfaction Rating of 85% when considering 289 user reviews from 4 recognized software review sites.

90%

of users recommend this product

Procurify has a 'excellent' User Satisfaction Rating of 90% when considering 302 user reviews from 4 recognized software review sites.

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4.7 (17)

4.0 (110)

4.6 (37)

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4.5 (139)

3.9 (22)

4.5 (109)

4.5 (139)

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4.0 (18)

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Awards

Synopsis of User Ratings and Reviews

Implementation: All reviews on the topic suggest that it’s extremely simple and affordable to implement.

User Interface: The software has a clean, interactive and user-friendly interface, according to 100% of reviews on this aspect.

Easy to Learn: Every reviewer mentioning this aspect agrees that it’s quite easy to learn and adapt to, without any technical training.

Ease of Use: According to all users mentioning this aspect, the system is very easy to use and has a low learning curve.

Purchasing: It’s easy and quick to order supplies, making the purchasing process smooth in the experience of all the reviewers referring to this feature.

Ordering: This feature helps keep things in order and provides ready-made templates to order multiple items, according to all reviews referring to it.

Autofill: All users mentioning this aspect say the system helps auto-fill fields and recurring orders.

Budget Management: It's easier and quicker to analyze and approve budgets, according to 60% reviews mentioning this feature.

Navigation: Navigation between systems and features is seamless, according to all reviews referencing this aspect.

Program Lags: The software may lag or freeze sometimes while transferring multiple invoices at once, according to all reviews on this aspect.

Support Ticket: Ticket and issue management is slow sometimes, as all reviews on the quality of support suggest.

Interface: More than 70% of users mentioning the interface report that the system has bugs and is slow.

Integration: More solutions need to be added as integration options, as more than 65% reviews that mention this feature note.

Receiving Items: All the reviewers mentioning this aspect observe that every time a new item is received, the main list refreshes and the item is lost.

Inventory Management: Every user mentioning this aspect say this feature would be better if it helped track inventory.

Basware is a solution for companies looking for source-to-pay tools, e-invoicing, analytics and value-added services. It is easy to learn, which is a prominent advantage of the suite. Reviews suggest that it is easy and affordable to install as well. However, the program lags sometimes when transfering a lot of invoices at the same time. Support resolution is also slow according to user reviews. Altogether, it’s a fine choice for B2B companies looking for a purchase-to-pay and e-invoicing solution with a user-friendly interface and affordable price.

Procurify is an easy-to-use system that improves budget management, provides useful templates for orders and simplifies item purchasing. It also offers user-friendly navigation, autofill features and more. However, reviews cite a slow system, difficulty in integration and the lack of inventory management as some drawbacks. It also loses newly received items due to list refreshes. Overall, it’s a good fit for companies that require frequent purchasing and expense management.

Screenshots

Top Alternatives in Procurement Software

Basware P2P

BirchStreet

Coupa Procurement

GEP SMART

Ivalua

JAGGAER ONE

Oracle Procurement Cloud

Precoro

Procurify

Proqura

SAP Spend Management

Synertrade

Tradogram

Workday Spend Management

Zycus

Related Categories

Procure To Pay Software

Purchasing Software

SRM Software

Strategic Sourcing Software

Procure To Pay Software

Purchasing Software

Strategic Sourcing Software

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FAQ

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What are the top-rated propducts for Procurement Software? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

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