Basware vs Nanonets Invoice OCR
Basware
basware.com
Nanonets Invoice OCR
nanonets.comSide by side
| Figure | Basware | Nanonets Invoice OCR |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 1 | 3 |
| Spec score · Invoice OCR Software | 8.4 (#6) | 8.4 (#7) |
| Founded | Basware says it was founded in 1985. | LinkedIn lists the company as founded in 2017. |
| Headquarters | Espoo, Finland | San Francisco, 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. | Nanonets lists 25-plus native connections including Gmail, Outlook, Drive, Dropbox, Box, SAP, QuickBooks, Xero, Sage, Salesforce, HubSpot, Zendesk, Slack, Jira, and Asana. |
| Licence | The public developer material describes a credentialed hosted service and does not identify an open-source licence or SDK distribution. | The hosted service is proprietary and provided under a limited, non-transferable license; the terms prohibit copying, reverse engineering, redistribution, and derivative works. |
| Purpose | Basware automates procure-to-pay processes spanning procurement, accounts payable, and invoice automation. | Invoice OCR uses AI to capture invoice data and reduce manual data entry. |
| Rating on Capterra | 3.9 out of 5 from 21 reviews | 4.8 out of 5 from 81 reviews. |
| Rating on GetApp | 3.9 out of 5 from 21 reviews | 4.8 out of 5 from 81 reviews. |
| Rating on Software Advice | 3.9 out of 5 from 21 reviews | 4.8 out of 5 from 81 reviews. |
| Support | Customer support is available by chat, web, or phone, and Basware provides a 24/7 AI-powered self-service chatbot. | Starter includes community support, while Enterprise lists dedicated support and SLAs. |
| What it does | Basware provides an invoice-lifecycle and procure-to-pay platform covering procurement, accounts payable, e-invoicing and payment processes. | Invoice OCR converts image or PDF invoices into structured, machine-readable data for accounts-payable automation. |
Plans
Nanonets Invoice OCR
- StarterFree
- EnterprisePriced on request
- GrowthPriced 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.
Nanonets Invoice OCR
Nanonets Invoice OCR captures invoice data with AI to reduce manual entry. Its interface displays the extracted information for verification, and its pretrained extractor handles key-value fields and tabular details such as line-item descriptions, rates, and quantities. Users can train a custom model on their data to add fields for free, or request a model with additional fields. The first 100 invoices are free; line-item extraction is available on a paid plan. Documents can arrive by email, file drop, cloud folder, or API, and the service offers API integrations and custom workflows. Listed integrations include Gmail, Outlook, Google Drive, Dropbox, QuickBooks, Xero, Sage, SAP, Oracle, NetSuite, Salesforce, and Slack. It runs on the web, through an API, and as a self-hosted deployment. Nanonets says its products are GDPR compliant and can be hosted on premise. Starter begins with $50 in credits, then costs $100/month for 100 credits; Enterprise lists private deployment, regional data residency, audit logs, SIEM integration, and dedicated support with SLAs.