Basware has announced the acquisition of Redmap, one of Australia’s leading providers of accounts payable (AP) automation software, in a move designed to extend its global Invoice Lifecycle Management capabilities and strengthen its position in the Asia-Pacific market.
The acquisition combines Basware’s AI-driven invoice lifecycle management platform with Redmap’s locally integrated AP solutions, offering middle market and enterprise customers end-to-end automation for finance and compliance workflows.
“Today’s finance environments are more complex than ever, and every organisation — not just the largest companies — needs solutions to streamline and simplify financial processes,” said Jason Kurtz, CEO of Basware. “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 organisations and accounts payable operations for these customers and drive long-term efficiency and growth.”
Expanding AP automation in APAC —
The acquisition positions Basware to capture a growing market opportunity in AP automation across the region. With governments introducing new e-invoicing standards and compliance mandates — including Australia’s Aged Care Act — demand for intelligent, compliant finance automation tools is rising rapidly.
According to Grand View Research, the Asia-Pacific market for AP automation is expected to reach USD 770 million in 2025, doubling to USD 1.4 billion by 2030. The combination of Basware’s AI-driven global platform and Redmap’s regional expertise creates a strong proposition for businesses seeking scalable solutions.
Redmap currently supports hundreds of organisations across industries including retail, mining, and aged care. Clients such as Evolution Mining, Lowes Menswear, and Officemax use Redmap’s software to process invoices faster and improve financial visibility. Its partnerships include Australian ERP vendor Pronto Software, whose platform is widely used across the mid-market segment.
Chad Gates, Managing Director of Pronto Software, said: “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. Together, they deliver the kind of seamless, intelligent workflow automation that aligns perfectly with the direction we see the market and our customers heading.”
A broader push toward intelligent finance —
Basware’s Invoice Lifecycle Management Platform™ currently handles more than 230 million invoice transactions per year for customers such as DHL, Heineken, and Sony. The addition of Redmap’s ERP integration capabilities is expected to extend these capabilities to a wider customer base.
“With the acquisition of Redmap, companies of all sizes can access world-class invoice automation solutions tailored to their specific needs and ERP systems,” said Kurtz. “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.”
Redmap CEO Ben Woolley added: “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.”
The acquisition marks Basware’s third strategic purchase in two years, following the acquisitions of Glantus in 2023 and AP Matching in 2024. Together, these moves underline the company’s commitment to developing next-generation automation for finance teams globally.
