[Home](https://www.selecthub.com/) \> [Accounting & Financial Management](https://www.selecthub.com/category/accounting/) \> [Accounts Payable Software](https://www.selecthub.com/c/accounts-payable-software/) \> [Basware](https://www.selecthub.com/p/accounts-payable-software/basware/) \> Basware vs Veryfi 

# Basware vs Veryfi 

Last Updated: June 15th, 2026 

Our analysts compared [Basware](https://www.selecthub.com/p/accounts-payable-software/basware/) vs [Veryfi](https://www.selecthub.com/p/accounting-software/veryfi/) based on data from our 400+ point analysis of [Accounts Payable Software](https://www.selecthub.com/c/accounts-payable-software/), user reviews and our own crowdsourced data from our [free software selection platform](https://www.selecthub.com/about/start-free-selection-project-site/?category=Accounts Payable Software&cta=accounts-payable-software). 

[Overview](#product-overview) [Pricing](#product-pricing) [Our Review](#product-analyst-summary) [User Ratings](#user-sentiment-section) [Features](#product-benefits-features) [Screenshots](#product-screenshots) 

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[![Basware Software Tool](https://cdn.selecthub.com/products/934b535800b1cba8f96a5d72f72f1611-533f0866de309c77e5164769de7b04a0/resources/original/logo.svg?1739308131)](https://www.selecthub.com/p/accounts-payable-software/basware/)

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[![Veryfi Software Tool](https://cdn.selecthub.com/products/c5eee1896752e5ac19a3a0bb34fbab4b-d96234a350b61aca78e559bf559a6306/resources/normal/logo.png?1733777032)](https://www.selecthub.com/p/accounting-software/veryfi/)

[ ![Product Awards](https://www.selecthub.com/display/images/awards_badge.svg) ](#awards-section) 

[Get Free Demo](https://pmo.selecthub.com/get-product-demo/?category=Accounts+Payable+Software&product%5Fname=Basware&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F934b535800b1cba8f96a5d72f72f1611-533f0866de309c77e5164769de7b04a0%2Fresources%2Foriginal%2Flogo.svg%3F1739308131) [Demo](https://pmo.selecthub.com/get-product-demo/?category=Accounts+Payable+Software&product%5Fname=Basware&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F934b535800b1cba8f96a5d72f72f1611-533f0866de309c77e5164769de7b04a0%2Fresources%2Foriginal%2Flogo.svg%3F1739308131) [Request Pricing](https://pmo.selecthub.com/get-product-pricing/?category=Accounts+Payable+Software&product%5Fname=Basware&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F934b535800b1cba8f96a5d72f72f1611-533f0866de309c77e5164769de7b04a0%2Fresources%2Foriginal%2Flogo.svg%3F1739308131&price=5) [Pricing](https://pmo.selecthub.com/get-product-pricing/?category=Accounts+Payable+Software&product%5Fname=Basware&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F934b535800b1cba8f96a5d72f72f1611-533f0866de309c77e5164769de7b04a0%2Fresources%2Foriginal%2Flogo.svg%3F1739308131&price=5) 

[Get Free Demo](https://pmo.selecthub.com/get-product-demo/?category=Accounts+Payable+Software&product%5Fname=Veryfi&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Fc5eee1896752e5ac19a3a0bb34fbab4b-d96234a350b61aca78e559bf559a6306%2Fresources%2Fnormal%2Flogo.png%3F1733777032) [Demo](https://pmo.selecthub.com/get-product-demo/?category=Accounts+Payable+Software&product%5Fname=Veryfi&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Fc5eee1896752e5ac19a3a0bb34fbab4b-d96234a350b61aca78e559bf559a6306%2Fresources%2Fnormal%2Flogo.png%3F1733777032) [Request Pricing](https://pmo.selecthub.com/get-product-pricing/?category=Accounts+Payable+Software&product%5Fname=Veryfi&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Fc5eee1896752e5ac19a3a0bb34fbab4b-d96234a350b61aca78e559bf559a6306%2Fresources%2Fnormal%2Flogo.png%3F1733777032&price=3) [Pricing](https://pmo.selecthub.com/get-product-pricing/?category=Accounts+Payable+Software&product%5Fname=Veryfi&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Fc5eee1896752e5ac19a3a0bb34fbab4b-d96234a350b61aca78e559bf559a6306%2Fresources%2Fnormal%2Flogo.png%3F1733777032&price=3) 

### Products Insights 

Product Ranking 

## #11

among all   
Accounts Payable Software

## #60

among all   
Accounts Payable Software

[Find out who the leaders are](https://pmo.selecthub.com/request-custom-scorecard?post%5Ftype=auto%5Fvs%5Farticle&category%5Fslug=accounts-payable-software&product%5Fslug=basware&category=Accounts+Payable+Software) 

Price Starts From 

$15,000/Invoice Transaction, Annually 

[Free Trial is available →](https://pmo.selecthub.com/free-trial/?product%5Fname=Basware&category=Accounts Payable Software&product%5Flogo=https://d3uimxdj41cg3o.cloudfront.net/products/934b535800b1cba8f96a5d72f72f1611-533f0866de309c77e5164769de7b04a0/resources/original/logo.svg?1739308131) 

$500 Monthly 

[14 Day Free Trial is available →](https://pmo.selecthub.com/free-trial/?product%5Fname=Veryfi&category=Accounts Payable Software&product%5Flogo=https://d3uimxdj41cg3o.cloudfront.net/products/c5eee1896752e5ac19a3a0bb34fbab4b-d96234a350b61aca78e559bf559a6306/resources/normal/logo.png?1733777032) 

Pros 

What we like about Basware and Veryfi: 

**Increased Efficiency:** The software automates tasks like purchase order creation, approvals and invoicing, reducing manual effort and freeing up time for more strategic activities. 

**Improved Cost Savings:** These solutions help reduce costs by minimizing errors and maverick spending, improving pricing through competitive bidding and supplier negotiations, and leveraging volume discounts. 

**Enhanced Visibility and Control:** The real-time data and centralized repository are invaluable for tracking spending, identifying trends, improving forecasting, and ensuring compliance with company policies and regulations. 

**Automated Data Extraction:** User reviews consistently praise Veryfi for its ability to automate the often tedious process of manual data entry from receipts and invoices. This feature streamlines accounting workflows and saves valuable time for businesses.

**Accurate OCR Technology:** Users highlight the impressive accuracy of Veryfi's Optical Character Recognition (OCR) engine. The software effectively extracts data from receipts, minimizing the need for manual review and correction.

**User-Friendly Interface:** Reviewers consistently describe Veryfi as intuitive and easy to use, even for those unfamiliar with expense management software. The platform's design simplifies expense tracking and reporting, making it accessible to a wide range of users.

**Centralized Document Storage:** Veryfi provides a secure, centralized repository for storing financial documents, eliminating the need for paper-based systems and reducing the risk of lost or misplaced receipts.

Cons 

What we dislike about Basware and Veryfi: 

**High Implementation Costs:** The software requires a significant upfront investment, covering licensing, implementation (including hardware, software and training), and the complexities of integrating with existing systems. 

**Change Management Challenges:** Employees may resist change, highlighting the need for extensive training and robust change management strategies to ensure successful adoption. 

**Technical Issues:** Concerns may arise about system downtime, software bugs and glitches that could disrupt business operations and introduce errors into the procurement process. 

**Receipt Limits:** User reviews mention a 300 receipt limit for new users, which could be problematic for businesses with high transaction volumes.

**Splitting Expenses:** Some users have reported difficulties splitting expenses within a single receipt, particularly for purchases from online retailers like Amazon where multiple items are grouped.

**Pricing:** A few users found the monthly subscription fee a bit expensive for their small business budget, even though they acknowledged the time-saving benefits.

### Our Review 

 In my evaluation of Basware, I found it to be a powerful tool for automating and streamlining accounts payable processes. However, it’s not an all-in-one procurement solution like market leaders SAP and Oracle, which offer more advanced features such as automated contract management, AI-powered sourcing intelligence, prescriptive analytics and more.The platform’s user-friendly interface makes it easy for administrators and users to navigate and perform tasks. Many reviews appreciate its efficiency in invoice processing, with features like automatic three-way matching and invoice history tracking significantly speeding up workflows. This aligns with the experience of Flight Centre Travel Group, which reported a 70% increase in touchless processing and reduced processing time to one day after implementing Basware.Basware integrates seamlessly with third-party ERP systems. Its automation features, such as reusable templates and automatic invoice matching, reduce manual effort and improve accuracy.However, Basware is not without its drawbacks. Some reviews highlighted performance issues, such as the system slowing down or freezing unexpectedly. While the platform offers decent customization, many users noted that the reporting features are limited in terms of detail and flexibility. This could be a limitation for organizations with complex reporting requirements.Another area where Basware could improve is its purchase order processing functionality. While it provides basic purchase order management, it may not be the most intuitive or efficient solution for companies dealing with high volumes of purchase orders.Despite these limitations, I found Basware to be a reliable and stable AP automation platform. It also offers robust technical and customer support, which can be helpful in addressing user questions or challenges.One aspect that stood out was that the platform is designed with professional accountants in mind, which may make it slightly challenging for non-administrative users to perform certain tasks. However, the intuitive interface and ease of use largely mitigate this issue.Overall, Basware is a valuable tool for organizations looking to automate and streamline their AP processes. Its strengths lie in its user-friendly interface, efficient invoice processing capabilities and strong integration with existing systems. However, it's important to be aware of its limitations in terms of performance and a lack of procurement features and reporting customization. 

Show more 

 Is Veryfi truly very fine for managing business expenses? User reviews from the past year suggest it might just live up to its name. Across platforms like G2, SoftwareAdvice, GetApp, and Capterra, Veryfi consistently receives high praise for its ease of use, robust functionality, and responsive customer support. Users highlight Veryfi's automated data extraction from receipts and invoices as a major strength, saving them significant time and effort compared to manual entry. For instance, one user raved about how Veryfi "pulls most if not all of the information off the receipt automatically." This automation, coupled with centralized document storage and expense tracking, makes it particularly valuable for accountants and property investors. However, some users expressed that while the software integrates well with platforms like QuickBooks and Netsuite, connecting it with Sage Cloud Accounting has proven difficult. Overall, Veryfi emerges as a reliable solution for businesses, especially those seeking to streamline expense management. Its strength lies in its automation capabilities, making it a perfect fit for busy professionals who need a quick and efficient way to manage their expenses. 

Show more 

### User Sentiment Summary 

Basware has a user sentiment rating of 88 based on 359 reviews. Veryfi has a user sentiment rating of 95 based on 243 reviews. 

![Great User Sentiment](https://www.selecthub.com/display/images/scores/great.svg) 359 reviews 

![Excellent User Sentiment](https://www.selecthub.com/display/images/scores/excellent.svg) 243 reviews 

Synopsis 

Evaluating all review platforms, our market analysts have compiled the following user sentiment data. 

88% 

of users recommend this product

Basware has a 'great' User Satisfaction Rating of 88% when considering 359 user reviews from 4 recognized software review sites. 

95% 

of users recommend this product

Veryfi has a 'excellent' User Satisfaction Rating of 95% when considering 243 user reviews from 2 recognized software review sites. 

User Review Scores 

**G2.com, Inc** 

**4.0** (110) 

**4.6** (56) 

**Software Advice, Inc** 

n/a 

**4.8** (187) 

**Capterra Inc** 

**3.9** (22) 

n/a 

**Gartner, Inc** 

**4.7** (209) 

n/a 

**TrustRadius** 

**4.0** (18) 

n/a 

### Awards 

SelectHub awards earned by these products based on a comprehensive analysis by our research analysts. 

No awards.

Veryfi stands above the rest by achieving an ‘Excellent’ rating as a User Favorite. 

![User Favorite Award]()

### Product Assistance 

Training Resources 

Documentation

In Person

Live Online

Videos

Webinars

Documentation

In Person

Live Online

Videos

Webinars

Support 

Email

Phone

Chat

FAQ

Forum

Knowledge Base

24/7 Live Support

Email

Phone

Chat

FAQ

Forum

Knowledge Base

24/7 Live Support

### Product Basics 

Company Size 

i 

Small

Medium

Large

Small

Medium

Large

Platforms Supported 

Windows

Mac

Linux

Android

Chromebook

Windows

Mac

Linux

Android

Chromebook

Deployment Supported 

Cloud

On-Premise

Mobile

Cloud

On-Premise

Mobile

Comparison of Top Alternatives 

[Basware Alternatives ](https://www.selecthub.com/accounts-payable-software/basware/alternatives/) 

[Veryfi Alternatives ](https://www.selecthub.com/accounting-software/veryfi/alternatives/) 

### Screenshots 

![Screenshots]()![Screenshots]()![Screenshots]() 

![Screenshots]() 

### Key Features 

* **AP Automation:** With a perfect 100 analyst rating, this module helps manage all your invoices, POs, contracts, quality checks and good receipts from a centralized location.
* **Touchless Invoice Processing:** You can automatically handle various invoice types, including those with and without purchase orders, in various formats. The SmartPDF service converts machine-readable PDFs into electronic invoices, enabling automatic data capture. The system uses flexible matching for automated processing to compare invoice data with purchase orders, receipts and other documents.
* **SmartCoding:** The system uses machine learning to suggest the top five most likely coding options. It offers guided interaction, helping you make informed decisions while maintaining control over final coding.
* **Basware Insights:** It provides real-time visibility into accounts payable and KPIs. You can track AP processes, identify inefficiencies and monitor progress toward business goals. The native AI offers actionable insights and ad-hoc reporting capabilities to simplify data analysis.
* **SmartPDF:** This AI-powered tool constantly learns to extract data from PDF invoices, including headers and line-level items. It tracks your manual edits and adjustments to automate the process over time.

read more... 

* **Automated Data Extraction:** Veryfi uses advanced OCR technology to automatically extract data from receipts, invoices, and other financial documents, reducing manual entry errors.
* **Real-Time Processing:** The software processes financial documents in real-time, providing immediate access to data and insights.
* **Comprehensive API Integration:** Veryfi offers robust API capabilities, allowing seamless integration with other business applications like QuickBooks and Xero.
* **Secure Data Handling:** Veryfi ensures data security with end-to-end encryption and compliance with standards such as GDPR and CCPA.
* **Multi-Currency Support:** The platform supports multiple currencies, making it suitable for businesses operating in international markets.

read more... 

### Top Alternatives in Accounts Payable Software 

[  AvidXchange ](https://www.selecthub.com/p/accounts-payable-software/avidxchange/) [  Corpay ](https://www.selecthub.com/p/accounts-payable-software/corpay/) [  DataServ ](https://www.selecthub.com/p/accounts-payable-software/dataserv/) [  Fidesic ](https://www.selecthub.com/p/accounts-payable-software/fidesic/) [  Finexio ](https://www.selecthub.com/p/accounts-payable-software/finexio/) [  Itemize ](https://www.selecthub.com/p/accounts-payable-software/itemize/) [  Melio ](https://www.selecthub.com/p/accounts-payable-software/melio/) [  mineraltree ](https://www.selecthub.com/p/accounts-payable-software/mineraltree/) [  Ottimate ](https://www.selecthub.com/p/accounts-payable-software/ottimate/) [  PayEm ](https://www.selecthub.com/p/accounts-payable-software/payem/) [  Paymode-X ](https://www.selecthub.com/p/accounts-payable-software/paymode-x/) [  Plooto ](https://www.selecthub.com/p/accounts-payable-software/plooto/) [  Routable ](https://www.selecthub.com/p/accounts-payable-software/routable/) [  SIMPL ](https://www.selecthub.com/p/accounts-payable-software/simpl/) [  Taulia ](https://www.selecthub.com/p/accounts-payable-software/taulia/) [  Tradeshift ](https://www.selecthub.com/p/accounts-payable-software/tradeshift/) [  Transcepta ](https://www.selecthub.com/p/accounts-payable-software/transcepta/) [  Trolley ](https://www.selecthub.com/p/accounts-payable-software/trolley/) [  Worldline ](https://www.selecthub.com/p/accounts-payable-software/worldline/) [  Yooz ](https://www.selecthub.com/p/accounts-payable-software/yooz/) 

### Related Categories 

Basware and Veryfi can also be found with other leading products in these categories: 

[Procure To Pay Software ](https://www.selecthub.com/c/procure-to-pay-software/) 

[Procurement Software ](https://www.selecthub.com/c/procurement-software/) 

[Purchasing Software ](https://www.selecthub.com/c/purchasing-software/) 

Show more 

[Accounting Software ](https://www.selecthub.com/c/accounting-software/) 

[Accounts Receivable Software ](https://www.selecthub.com/c/accounts-receivable-software/) 

[Bookkeeping Software ](https://www.selecthub.com/c/bookkeeping-software/) 

[Financial Management Systems ](https://www.selecthub.com/c/financial-management-systems/) 

[Financial Reporting Software ](https://www.selecthub.com/c/financial-reporting-software/) 

Show more 

### Head-to-Head Comparison 

![Basware Software Tool]() 

![Accounting Seed Software Tool]() 

[Basware VS Accounting Seed](https://www.selecthub.com/accounts-payable-software/basware-vs-accounting-seed/) 

![Basware Software Tool]() 

![AvidXchange Software Tool]() 

[Basware VS AvidXchange](https://www.selecthub.com/accounts-payable-software/avidxchange-vs-basware/) 

![Basware Software Tool]() 

![BQE Core Software Tool]() 

[Basware VS BQE Core](https://www.selecthub.com/accounts-payable-software/basware-vs-bqe-core/) 

![Basware Software Tool]() 

![FreeAgent Software Tool]() 

[Basware VS FreeAgent](https://www.selecthub.com/accounting-software/freeagent-vs-basware/) 

![Basware Software Tool]() 

![Manager Software Tool]() 

[Basware VS Manager](https://www.selecthub.com/accounts-payable-software/basware-vs-manager-io/) 

![Basware Software Tool]() 

![Melio Software Tool]() 

[Basware VS Melio](https://www.selecthub.com/accounts-payable-software/melio-vs-basware/) 

![Basware Software Tool]() 

![Sage 50 Accounting Software Tool]() 

[Basware VS Sage 50 Accounting](https://www.selecthub.com/accounts-payable-software/basware-vs-sage-50cloud-accounting/) 

![Basware Software Tool]() 

![Sage Intacct Software Tool]() 

[Basware VS Sage Intacct](https://www.selecthub.com/accounting-software/sage-intacct-vs-basware/) 

![Basware Software Tool]() 

![Taulia Software Tool]() 

[Basware VS Taulia](https://www.selecthub.com/accounts-payable-software/taulia-vs-basware/) 

![Basware Software Tool]() 

![Wave Accounting Software Tool]() 

[Basware VS Wave Accounting](https://www.selecthub.com/accounting-software/wave-accounting-vs-basware/) 

![Basware Software Tool]() 

![Xero Software Tool]() 

[Basware VS Xero](https://www.selecthub.com/accounting-software/xero-vs-basware/) 

![Basware Software Tool]() 

![Zoho Books Software Tool]() 

[Basware VS Zoho Books](https://www.selecthub.com/accounting-software/zoho-books-vs-basware/) 

**About SelectHub (and our data)** 

We’re the employee-owned Austin-based startup democratizing software data so you can make your decisions in an influence-free zone. Our market data is crowdsourced from our user-base of 100,000+ companies.

WE DISTILL IT INTO REAL REQUIREMENTS, COMPARISON REPORTS, PRICE GUIDES and more...

![SelectHub Products Reporting and Analytics]() 

![SelectHub Products Cost and Pricing Guide]() 

**Tier 1:**  
Fully/moderately supported out-of-the-box allowing for quick and easy deployment.  
Fully or moderately supported out-of-the-box with industry-leading capabilities and is immediately available after installation without needing any add-ons, integrations, or custom development. 

**Tier 2:**  
Supported with workarounds or add-ons that may require additional costs.  
Not directly available in the software, but can be accomplished using other built-in features, workarounds, or add-ons/products from the vendor with or without any additional cost. 

**Tier 3:**  
Requires partner integrations or custom development that is often at an additional cost.  
Requires additional integrations, plugins, marketplace applications from a third-party vendor, or custom development using the APIs, libraries, extensions, and development framework supported by the software, with or without any additional cost. 

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