Basware vs Settle

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.

Settle is web-based accounts payable automation for high-growth consumer and CPG brands. It captures invoice data, matches bills to purchase orders, routes approvals, and schedules payments without manual data entry. Approval rules can be based on vendor, amount, or accounting category, with single-step or multi-tier workflows. Payment methods include ACH, paper checks, domestic wires, and international payments in 40+ currencies. Approved bills and payments can sync with QuickBooks Online, NetSuite, Xero, and Finaloop. The free Launch plan includes unlimited seats and transactions; international wires cost $15.00. Accelerate costs $199 a month, billed monthly, and includes free international wires, a dedicated success manager, and white-glove onboarding support. Settle Working Capital offers non-dilutive funding with flexible 30–120 day repayment terms. Launch also includes procurement, landed costs, AI invoice data extraction, bills of materials, vendor management, and automated W-9/W-8 collection. Settle states that it is SOC 2 Type II Certified.