Basware chooses Foundry for AI by Rackspace to Simplify Coding of Proprietary Data Integration Processing Language

Company Overview - Basware, founded in 1985, specializes in accounts payable (AP) automation solutions and processes over 220 million electronic invoices annually for major brands like DHL, Clarins, and Mercedes-Benz [1] - The company focuses on enhancing efficiency and accuracy in AP workflows, helping businesses optimize processes and improve financial visibility [1] AI Integration and Innovation - Basware has partnered with Rackspace Technology to leverage AI for enhancing its Extract, Transform, Load (ETL) coding process, significantly improving the speed of innovation for its customers [6][9] - The collaboration involved training AI language models using Amazon Bedrock and AWS, which improved the AI's accuracy in generating ETL code from 60% to 90% [2][6] - The AI model was fine-tuned to understand Basware's proprietary language, AnyERP, allowing consultants to generate code snippets through natural language queries [8] Customer Onboarding Optimization - As part of its growth strategy, Basware prioritized optimizing the customer onboarding process and utilized AI to enhance this aspect [7] - The Foundry for AI by Rackspace (FAIR) provided the necessary expertise for the secure and responsible adoption of generative AI in this context [7][9] Industry Impact - The collaboration between Basware and Rackspace Technology demonstrates the potential of generative AI to address complex, industry-specific challenges and accelerate business innovation [9]