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HomeAIBasware acquires invoice management and statement reconciliation platform AP Matching

Basware acquires invoice management and statement reconciliation platform AP Matching

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    • Finnish fintech Basware is acquiring AP Matching, a UK-based provider of invoice management and statement reconciliation solutions.
    • The financial terms of the acquisition remain undisclosed.
    • Basware aims to integrate AP Matching’s technology with its AI-powered enterprise accounts payable (AP) automation and invoice processing platform.
    • AP Matching operates a platform for reconciling buyer and supplier statements, particularly for large enterprises in the UK and US.
    • The acquisition includes AP Matching’s managed services division, which specializes in automated invoice processing and managed data capture services for SAP customers.
    • Basware expects the integration to enhance its solution for invoice capture, validation, and integration with existing ERP systems.
    • Jason Kurtz, CEO of Basware, highlights that the acquisition will enable CFOs to enhance their AP automation processes and increase the accuracy of financial recording.
    • This move follows Basware’s previous acquisition of Irish fintech Glantus to bolster its AI-driven overpayment and fraud detection capabilities.

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