We're thrilled to unveil AP Protect, the latest innovative addition to our best-in class AP offering. With AP Protect, we're revolutionizing AP Automation by adapting to your needs and leveraging accounts payable data to fortify your financial defenses. Say goodbye to duplicate payments and profit loss, and say hello to enhanced AP control with Basware AP Protect!
What is AP Protect?
AP Protect is an AI-powered solution that helps you shield your organization against financial losses. It does this by protecting you against fraud, catching duplicate payments, and helping you maintain accurate vendor master data.
It can be difficult for AP teams to identify payment irregularities for a number of reasons. When multiple ERP systems are in use, which most Basware customers have in place, erroneous payments are not just likely but almost guaranteed. This leads to significant profit loss, which can easily go undetected.
AP Protect helps you eliminate these errors before they occur, improving the financial integrity of AP processes. Its core modules— Overpayment Prevention, Fraud and Compliance, and Vendor Analysis—strengthen financial controls, prevent profit loss, and maximize working capital.
Below is a short video explaining this in action:
3 clear benefits for implementing AP Protect:
Improved Bottom-Line:
We stop profit leaks before they happen by catching erroneous payments, preventing errors, and fighting fraud. Our combined approach of audit recovery services and a powerful SaaS platform safeguards your hard-earned cash, frees up working capital, and puts more money directly to your bottom line.
Total Prevention:
Eliminate hidden overpayments forever. We provide continuous and historical transparency into your finances, exposing any missteps. Our in-depth analysis identifies the root cause of past errors and prevents them from happening again by providing actionable insights, ensuring total protection.
Fast Value Realization:
Reap rapid rewards with Basware. Our solution delivers a significant ROI by preventing overpayments from day one. Boost your AP team's productivity with time savings, and get up and running in weeks, not months.
Most importantly, this delivers tangible savings:
With AP Protect, we're not only recovering missed credits but preventing them from slipping away in the first place. This proactive approach empowers you to safeguard your working capital within weeks and confidently navigate economic uncertainties.
The reporting capabilities allow you to accurately identify the direct ROI that AP Protect delivers for your organization. There are no ifs, buts, or maybes with AP Protect; the value is tangible and can have a material impact on business health.
In a recent case study, Huntsman Corporation reported recovering over $9m in duplicate payments and invoicing errors.
Next steps
- Learn more by visiting our Basware AP Protect
- Join our Solution Value Presentation on AP Protect, 2 dates available: April 30th or May 22nd
- Contact your Customer Success Manager to discuss this further or via this link.
