Basware vs Ivalua Contract Management
Basware
basware.comIvalua Contract Management
ivalua.comSide by side
| Figure | Basware | Ivalua Contract Management |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 1 | 1 |
| Spec score · Procure-to-Pay Software | 8.6 (#1) | 8.0 (#7) |
| Spec score · Procurement Software | 8.6 (#3) | 8.1 (#7) |
| Spec score · Spend Management Software | 8.5 (#5) | 7.9 (#10) |
| Analytics | Basware reports 89% touchless processing, 98% first-pass matching on PO invoices and 85% invoices paid on time on its P2P page. | CLM analytics track cycle times, contract value and spend coverage, savings, consumption, risk, compliance, performance, expiration, and renewal. |
| Founded | Basware says it was founded in 1985. | 2000 |
| Headquarters | Espoo, Finland | Redwood City, California, United States |
| Integrations | Basware says its P2P solutions integrate with more than 250 ERP systems, including SAP, Oracle, and Microsoft, using open APIs and certified integrations. | Ivalua says its platform integrates with major ERP systems and natively connects CLM with its sourcing and procure-to-pay solutions. |
| Purpose | Basware automates procure-to-pay processes spanning procurement, accounts payable, and invoice automation. | Ivalua CLM centralizes and automates contracts from creation and negotiation through execution and renewal. |
| Support | Customer support is available by chat, web, or phone, and Basware provides a 24/7 AI-powered self-service chatbot. | Ivalua offers 24×7 multilingual helpdesk support by phone, email, and online, alongside a customer ticketing portal. |
Plans
Ivalua Contract Management
- Ivalua Contract Lifecycle ManagementPriced on request
In their own words
Basware
Basware is a procure-to-pay platform that automates work across procurement, accounts payable, and invoice processing. Its e-invoicing tools capture invoices submitted through different supplier channels; AI can code and route them, match them against records, and handle exceptions. Procurement capabilities include hosted catalogs, supplier management, guided request intake, stock integration, and approval workflows that issue purchase orders when requisitions are approved. Basware says its solutions connect to more than 250 ERP systems, including SAP, Oracle, and Microsoft, through open APIs and certified integrations. They can also use purchase-order data from existing procurement or ERP systems, complementing rather than replacing those systems. The platform is available on Android, iOS, and the web, with API access. Basware identifies global organizations processing more than 50,000 invoices annually, finance shared service centers, and multi-ERP environments as potential fits. Support is available by chat, web, and phone, plus a 24/7 AI-powered self-service chatbot. Pricing is tailored and available on request; no free plan is listed.
Ivalua Contract Management
Ivalua Contract Management is a contract lifecycle management system for procurement and legal teams, covering work from drafting and negotiation through execution and renewal. AI authoring supports clause drafting and classification, risk assessment, approvals, e-signatures, and collaboration using approved templates and clause libraries. The repository offers full-text, metadata, and AI-enhanced search, summaries, and a Contract 360 view of terms, versions, obligations, stakeholders, risk, pricing, and performance. AI can convert PDF and Word contracts into structured searchable data, including through mass imports of legacy documents. Dashboards track contract health, compliance, risk, performance, cycle time, value, and consumption; alerts flag contract and supplier risks. Shared workspaces provide collaboration, comments, version tracking, and review and approval workflows. Integrations include Ivalua sourcing and procure-to-pay, major ERP systems, DocuSign, and Adobe Sign. Ivalua describes its platform as multi-instance SaaS and says customer data is hosted in a client-selected geography. Its listed platforms are Android, iOS, web, and API. Pricing is available on request.