Basware buys Redmap to boost AP automation in APAC

Basware has bought Australian accounts payable software provider Redmap in a deal that extends the Finnish group's presence in the Asia-Pacific mid-market for invoice automation.

The acquisition brings together Basware's invoice lifecycle management platform with Redmap's accounts payable automation products for medium-sized organisations in Australia. The companies said they plan to offer a combined suite of artificial intelligence-based tools for middle market and large enterprises that want more control over invoice handling.

Jason Kurtz, Chief Executive of Basware, said finance teams face increasingly difficult operating conditions and rising complexity. "Today's finance environments are more complex than ever, and every organization - not just the largest companies - needs solutions to streamline and simplify financial processes," said Kurtz. "Redmap understands this, and their team has built a great product tailored for middle market companies and ERP platforms. Together, we can bring innovation, capabilities and resources often reserved for large enterprises, to transform finance organizations and accounts payable operations for these customers and drive long-term efficiency and growth."

APAC growth focus

Basware is targeting a growing market for invoice and accounts payable technology in Australia and the wider Asia-Pacific region. Governments across the region are introducing e‑invoicing standards and tightening regulatory requirements. Companies are also processing higher invoice volumes and are looking for systems that support compliance and reduce manual work.

Research firm Grand View Research estimates that the AP automation market in Asia-Pacific will reach USD $770 million in 2025. The firm expects the market to grow to USD $1.4 billion by 2030. Basware said the Redmap deal positions it to capture a larger share of that growth.

Redmap provides automation for invoice processing and related workflows. Its customers include organisations in sectors such as retail, mining and aged care. The company said its software gives faster invoice processing, higher accuracy and increased financial visibility.

Redmap's client list includes Evolution Mining, Lowes Menswear and Officemax. The business also works with enterprise resource planning vendors, including Melbourne-based Pronto Software.

Mid-market push

Basware has traditionally focused on large global enterprises that process very high invoice volumes. The addition of Redmap gives it a stronger route into mid-sized businesses that run local or regional ERP systems and that have different integration and product requirements from multinational groups.

Basware describes its invoice lifecycle management platform as an AI-based system that supports end-to-end invoice processes. The system uses automation and a large dataset of accounts payable transactions. It also includes embedded compliance features and a network for exchanging invoices between organisations.

Global brands such as DHL, Heineken and Sony use Basware's platform. The company said the system processes more than 230 million invoices per year.

Kurtz said the Redmap acquisition broadens access to these tools. "With the acquisition of Redmap, companies of all sizes can access world-class invoice automation solutions tailored to their specific needs and ERP systems," Kurtz said. "Whether a business is running SAP or Pronto Xi, Basware is committed to being a customer first, partner-enabled provider that delivers purpose-built solutions to transform their AP operations and lead them to the future of intelligent finance."

Partner ecosystem

The deal also highlights the role of ERP partners in the accounts payable software market. Vendors and resellers often embed or tightly integrate AP automation tools with their own systems for finance and operations.

Pronto Software works with both Basware and Redmap. Its customers are mainly mid-sized enterprises in Australia.

Pronto Software Managing Director Chad Gates said the combination strengthens the joint offer. "The combination of Basware's global invoice-automation capabilities and partner commitment, along with Redmap's local and domain expertise creates a powerful value proposition for Australian businesses," he said. "Together, they deliver the kind of seamless, intelligent workflow automation that aligns perfectly with the direction we see the market and our customers heading."

Redmap's role

Redmap has positioned itself as a specialist in mid-market AP processes and ERP integrations. Its software focuses on document automation, data capture and workflow management.

Ben Woolley, Chief Executive of Redmap, said the company's growth has relied on these partnerships. "I'm proud of what we've built at Redmap," he said. "Our partnerships have been the foundation of our success, and this acquisition will allow us to scale and bring our proven ERP integration model to more companies worldwide."

Basware said the acquisition will allow additional investment in Redmap's product development. The firm plans to apply its work in AI and invoice analytics across the combined product set.

"Basware's long-standing legacy in invoice lifecycle management and commitment to ongoing innovation connects us to the reach, resources, and proven practices to accelerate what we do best, while opening new paths for our people to grow, lead, and build the future of automation," Woolley added.

The Redmap deal follows Basware's acquisitions of Glantus in 2023 and AP Matching in 2024. The company continues to expand its invoice automation portfolio through targeted transactions in specialised AP software.