Basware unveiled new AI agents in its invoice lifecycle management (ILM) platform to transform invoice processing and make accounts payable even more autonomous.
“The immediate future of finance involves near-perfect, touchless invoice processing,” says Jason Kurtz, CEO, Basware. “The future involves Agentic Finance, where AI entities transact on behalf of the enterprise to drive faster, smarter decisions and real business outcomes. This is the future we are creating at Basware and preparing our customers for today. We are on a journey to get our customers to 100% automated, 100% compliant, and 100% protected invoice processing.”
Key takeaways:
· The two new agents will manage invoice disputes and payment queries, as well as help AP clerks solve processing questions in real time, driving forward autonomous accounts payable.
· Designed to supercharge the skills of AP teams, the agents don’t replace humans. Instead, they act as digital teammates, supporting execution of key tasks.
· AP Business Agent offers contextual, real-time guidance on actions and next best steps to take when handling invoices to streamline and remove friction from the process.
· AP Data Agent allows users to query invoice data using natural language questions such as “Show me all invoices awaiting approval in Germany,” or “Which suppliers gave us early payment discounts this month?,” and delivers instant answers to drive optimal actions.
