What APMatching does

APMatching Ltd was a privately held UK-based cloud software company, founded in 2013 and headquartered in Corby, that built specialized accounts payable automation technology focused on three-way invoice matching (invoice against purchase order and goods receipt) and bank statement reconciliation. The core product automated matching workflows that previously required manual AP analyst effort, targeting the manual reconciliation, duplicate invoice, and statement-tie-out pain points of enterprise finance and shared services organizations. Co-founders Daniel Kimpton (Director of Sales & Marketing) and Ian McBeath (Managing Director) led a small team of 11–50 employees, and the company operated horizontally across industries rather than specializing in a vertical.

In May 2024, APMatching was acquired by Basware Corporation, a Finland-based AP automation vendor, for an undisclosed sum. Following the acquisition, APMatching's technology was restructured into two modules within Basware's product suite: Invoice Matching (an AP Automation module for automated PO and non-PO matching) and Statement Matching (an AP Assurance feature for reconciling bank statements against AP records). Pricing, marketing, and distribution were consolidated into Basware's enterprise field sales organization, global partner network (value-added resellers, technology partners, consultancy partners), e-Invoicing network, and content marketing channels. As a standalone entity, APMatching did not publicly disclose revenue, funding, or detailed pricing; its revenue mechanics were subscription SaaS contracts sold directly to mid-market and enterprise AP teams, now integrated into Basware's broader invoice-to-payment offering.

Name

APMatching

Legal name

APMatching Ltd

Website

https://apmatching.com

Company type

Private

Founded year

2013

Operating status

Acquired

Headcount range

11–50 employees

Short description

APMatching is a UK-based cloud software firm that automates invoice matching and bank statement reconciliation for enterprise accounts payable teams; acquired by Basware in May 2024, its technology now operates as Invoice Matching and Statement Matching modules within Basware's AP automation suite.

Ownership category

akta.pro rank

Product category

Accounts Payable Automation Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

akta.pro secondary industry

Payment Posting, Reconciliation & Cash Application for Bills (FSAMAJAL)

Keywords

• Accounts payable automation
• Invoice matching software
• Statement reconciliation
• Cloud invoice processing
• Duplicate invoice prevention

Headquarters

HQ city

Corby

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Distribution channels1 record

Marketing channels1 record

Core offering

APMatching is a cloud-based software solution that automates invoice matching, financial statement reconciliation, and duplicate invoice prevention for accounts payable operations. The platform matches invoices against purchase orders, goods receipts, and supplier data, and reconciles bank statements with AP records. Following its May 2024 acquisition by Basware, it operates as part of Basware's end-to-end invoice-to-payment portfolio.

Product overview

APMatching is a UK-based cloud software company offering invoice management and financial statement reconciliation solutions. Following its acquisition by Basware in May 2024, APMatching operates as part of Basware's accounts payable automation portfolio. The product integrates with Basware's broader AP Automation platform, which includes Invoice Matching for automated PO and non-PO invoice processing, and Statement Matching for bank statement reconciliation. Together, these products enable an end-to-end invoice-to-payment workflow with touchless processing capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• APMatching Cloud-based software solution specializing in invoice management and financial statement reconciliation, enabling automated matching of invoices to purchase orders and receipts for accounts payable automation. Targeted at enterprise finance and accounts payable departments.
• Invoice Matching

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Basware CorporationcoreStrategic or Co-development Partner · 1 May 2024Basware Corporation, a Finland-based technology firm, acquired AP Matching Ltd, a UK-based cloud software company specializing in invoice management and financial statement reconciliation. The acquisition aimed to deliver a seamless end-to-end invoice-to-payment solution, integrating APMatching's capabilities into Basware's existing AP automation portfolio.

Scale indicators3 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• Yooz: Cloud-native purchase-to-pay and AP automation solution offering automated invoice capture, matching, and approval workflows — comparable in deployment model and target use cases to APMatching.
• Medius: AP automation vendor providing invoice processing, PO matching, and spend management solutions for mid-sized organizations — directly comparable in invoice-to-pay scope to APMatching.
• Stampli: AP automation vendor whose core offering centers on AI-driven invoice capture and collaborative invoice approval/PO matching — directly overlaps with APMatching's invoice matching value proposition.
• Tipalti: Cloud-based accounts payable automation platform covering invoice processing, supplier onboarding, tax compliance, and mass payments — directly comparable to APMatching's invoice matching and reconciliation capabilities.
• AvidXchange: US-based AP automation SaaS provider specializing in invoice processing, bill pay, and payment automation for mid-market and enterprise finance teams — a direct functional peer to APMatching's invoice-to-payment workflow.

Broad incumbents

• Kofax (Tungsten Automation): Document automation and AP workflow provider with capture, matching, and approval capabilities that overlap with APMatching's invoice matching and reconciliation functionality.
• SAP Ariba: Enterprise procure-to-pay incumbent offering invoice management, matching, and financial supply chain solutions that compete at the platform level with Basware/APMatching's invoice-to-payment offering.
• Basware: Finland-based parent company of APMatching and a global leader in invoice automation. Basware operates the broader AP Automation, e-Invoicing Network, and AP Assurance platforms that APMatching's invoice and statement matching capabilities now plug into.
• Coupa: Broad procure-to-pay and spend management platform whose AP automation suite includes invoice matching and reconciliation capabilities that overlap with APMatching's domain.

Emerging players

• Tradeshift: Cloud-based supply chain and AP platform offering e-invoicing, invoice processing, and financial automation services — overlapping with APMatching's invoice automation and statement reconciliation space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about APMatching