Basware vs Procol Vendor Management System
Basware
basware.comProcol Vendor Management System
procol.aiSide by side
| Figure | Basware | Procol Vendor Management System |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | — |
| Plans published | 1 | 1 |
| Spec score · Supplier Management Software | 8.5 (#5) | 7.2 (#13) |
| Company history | Basware says it was founded in 1985. | Procol says it set out to transform business procurement in 2018 and has a team of over 80 members. |
| ERP integrations | Basware states that it has integrated with more than 250 ERP systems, including SAP, Oracle and Microsoft environments. | Procol synchronizes BOQs and purchase orders with SAP, Oracle, and Microsoft Dynamics. |
| Founded | Basware says it was founded in 1985. | 2018 |
| Headquarters | Espoo, Finland | New Delhi, India |
| Purpose | Basware automates procure-to-pay processes spanning procurement, accounts payable, and invoice automation. | Procol manages the supplier lifecycle from onboarding through live performance tracking and risk management. |
| Target customers | Basware identifies globally operating organizations processing more than 50,000 invoice transactions a year, finance shared service centers, and multi-ERP environments as a fit for its solutions. | The vendor management system page says it is trusted by 250+ leading enterprises. |
Plans
Procol Vendor Management System
- Custom pricingPriced 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.
Procol Vendor Management System
Procol Vendor Management System has no write-up on Specifiction yet; its figures are above.