For competitor: Basware, context: Enterprise AP automation

Basware vs InvoiceRunner: The Future of AP Automation

Make the smart choice for your enterprise finance team. Discover how InvoiceRunner simplifies invoice processing with unmatched efficiency and accuracy.

10+
Hours saved per week
99.2%
Extraction accuracy
5 min
Setup time
80%
Cost reduction
1M+
Invoices processed
Seconds
Per invoice processing

The Unique Challenges of Enterprise AP Automation

In the world of enterprise finance, the invoice processing landscape can be a daunting challenge. Large organizations often handle thousands of invoices each month, which involves a complex web of data entry, manual approvals, and potential errors. Traditional practices leave room for inaccuracies, resulting in delayed payments and strained vendor relations. Businesses struggle with ensuring compliance while managing cash flow efficiently. As the volume of invoices increases, so does the risk of mismanagement, highlighting the need for a robust solution.

InvoiceRunner is designed to tackle these specific challenges head-on. Leveraging cutting-edge AI technology, InvoiceRunner automatically scans your email inbox for invoices, extracts essential data, and syncs it seamlessly with your accounting software like Xero and QuickBooks. This eliminates the need for tedious manual entry and reduces the risk of human error significantly. With InvoiceRunner, finance teams can refocus on strategic tasks rather than get bogged down in paperwork.

Users transforming their workflows with InvoiceRunner often report substantial improvements in productivity. Tasks that previously took hours can now be completed within minutes, allowing teams to process more invoices with fewer resources. By automating the invoice handling process, businesses can enhance accuracy, reduce processing time, and ultimately improve their bottom line.

The Invoice Processing Struggle

Common challenges faced every day

  • Repetitive manual data entry leads to human errors and delays.
  • Difficulty in tracking invoice statuses and approvals.
  • High costs associated with late payments and duplicate invoices.
  • Limited visibility into cash flow due to scattered invoice data.
  • Incompatibility with existing accounting systems leading to inefficiencies.
  • Overwhelming volume of invoices causes bottlenecks in processing.

How InvoiceRunner Transforms Your Workflow

Purpose-built invoice automation

  • Automated email monitoring that retrieves invoices without lifting a finger.
  • AI-driven data extraction from any invoice format, eliminating the need for templates.
  • Built-in math validation checks invoices for accuracy before submission.
  • Instantaneous syncing to various accounting platforms such as Xero and QuickBooks.
  • An intelligent duplicate detection feature that prevents errors from costly overpayments.
  • Comprehensive vendor matching that keeps records neat and organized.

Why Choose InvoiceRunner

Tangible benefits that impact your bottom line

Save 10+ Hours Weekly

Streamlined processes drastically reduce the time spent on invoice management, freeing teams to focus on value-added tasks.

99.2% Extraction Accuracy

Our AI ensures near-perfect data accuracy, allowing businesses to maintain confidence in their financial reporting.

Prevent Duplicate Payments

With powerful duplicate detection, you can protect your business from overpayments and ensure financial integrity.

Seamless Accounting Sync

Sync your invoices to major accounting software with one click, ensuring real-time updates.

5-Minute Setup

Get started quickly and easily with a user-friendly setup that integrates into your existing tools.

Scale Without Adding Staff

Handle increased volumes of invoices without the need for additional hires, supporting business growth effortlessly.

Powerful Features

Everything you need to automate invoice processing

Email Inbox Monitoring

Monitor Gmail or Outlook 24/7 for invoice emails.

Never miss an invoice, ensuring prompt payments.

AI Data Extraction

Extract vendor, dates, amounts from any format.

No templates required, making it adaptable to your needs.

Math Validation

Verify calculations before syncing.

Catch errors automatically, secure your bottom line.

Accounting Software Sync

Sync to Xero, QuickBooks, etc.

One-click sync saves valuable time and effort.

Duplicate Detection

Check for duplicate invoices.

Prevention at its best, saving on unnecessary costs.

Vendor Matching

Match to existing vendors.

Keep vendor data clean and organized for better management.

How Businesses Use InvoiceRunner

Real scenarios from users like you

Automating a Large Retailer's AP Process

A major retail chain integrated InvoiceRunner to handle over 500 invoices daily, drastically reducing turnaround times and improving vendor relations.

Example: Within a month, they reported processing times cut down by 75%.

Streamlining Finance for a Growing SaaS Company

A SaaS startup faced growth difficulties due to manual invoice processing. By adopting InvoiceRunner, they enabled faster approvals and timely vendor payments.

Example: Their finance team saved over 10 hours weekly.

Enhancing Accuracy in an Accounting Firm

An accounting firm utilized InvoiceRunner to manage multiple clients’ invoices. The AI extraction significantly reduced entry errors.

Example: They achieved 99.2% accuracy, allowing for more confident reports.

Improving Compliance in a Healthcare Organization

In a heavily regulated environment, compliance is crucial. With InvoiceRunner, a healthcare provider automated their invoice verification, ensuring adherence to policies.

Example: They maintained 100% compliance, avoiding potential penalties.

Get Started in 5 Minutes

InvoiceRunner is designed to work with your existing tools

1

Connect Your Email

Link your Gmail or Outlook account securely to start monitoring for invoices.

2

Connect Your Accounting Software

Connect to your desired accounting software in just one click.

3

Invoices Are Processed Automatically

InvoiceRunner extracts data and formats invoices correctly.

4

Review and Approve

All processed invoices are compiled into drafts for your quick review and approval.

Works With Your Existing Tools

Seamless integration with popular platforms

Gmail
Outlook
Xero
QuickBooks Online
Zoho Books
FreshBooks
Sage Business Cloud

What Our Users Say

InvoiceRunner has completely transformed our AP processes. We've reduced our processing time significantly and can now focus on strategic decisions instead of drowning in invoices.
JM
Jennifer M.
Finance Manager, Large Retail Chain
As a small business, having an effective and efficient system for invoice processing was essential for our growth. InvoiceRunner made all the difference, and we couldn’t be happier!
MB
Michael B.
Owner, Growing SaaS Company

Frequently Asked Questions

How long does it take to set up?

Most users are up and running in under 5 minutes.

What invoice formats are supported?

PDF, images (JPG, PNG), and scanned documents.

Is my data secure?

We use bank-grade encryption and never sell your data.

What if the AI makes a mistake?

All invoices are created as drafts for your review, ensuring accuracy.

Which accounting software do you support?

We support Xero, QuickBooks, Zoho Books, FreshBooks, and Sage.

Can I try before I buy?

Yes! 10 free extractions, no credit card required.

Ready to Automate Your Invoices?

Join businesses saving hours every week with InvoiceRunner.

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Stop Wasting Time on Invoice Data Entry

InvoiceRunner automates the tedious parts of accounts payable.

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