Upcoming regulatory deadlines are influencing CFOs’ approach to compliance
PARIS, Feb. 19, 2025 /PRNewswire/ — Deloitte and Basware have broadened their partnership by establishing a practice-oriented Center of Excellence aimed at aiding enterprises in accelerating their digital finance transformations. This enhancement is a response to the rising demand resulting from extensive SAP S/4HANA migrations, stringent global e-invoicing compliance requirements, and the necessity for cost-efficient accounts payable (AP) automation.
By merging Deloitte’s extensive finance and compliance knowledge with Basware’s premier Invoice Lifecycle Management platform, this collaboration will provide scalable, automated solutions for organizations in EMEA that improve compliance, cut costs, and enhance operational efficiencies.
Governments throughout EMEA are enforcing stricter e-invoicing and tax compliance regulations, compelling companies to adapt swiftly or face penalties, operational disruptions, and increased expenses.
Beginning in 2025, Germany will mandate that companies must be capable of receiving e-invoices, with larger firms required to issue them by January 1, 2027. Meanwhile, France will initiate a phased implementation starting on September 1, 2026, mandating that all companies must receive e-invoices.
With this expanded partnership, Deloitte and Basware’s Center of Excellence (COE) will provide enterprises with a fully automated AP solution, ensuring compliance while unlocking significant financial gains and operational efficiencies—chosen by numerous companies transitioning to S/4HANA, Oracle Fusion, and other platforms.
Kevin Farrell, SVP, Business Development and Alliances at Basware stated:
“As regulatory pressures and the pace of digital transformation grow, businesses must act promptly to modernize their finance operations. By fusing Deloitte’s finance transformation insights and COE with Basware’s advanced Invoice Lifecycle Management platform, we deliver unparalleled operational efficiency, ensure stringent compliance, and drive tangible financial success for our clients—enabling them to stay ahead of the competition.”
Enhancing compliance, slashing costs, and future-proofing AP operations
The Center of Excellence is already providing project value to clients while further refining the joint go-to-market strategy to engage a broader audience of CFOs and finance executives, advancing compliance innovation and enhancing the delivery of Basware’s solutions through Deloitte consultants.
Henri Lhomme, Managing Partner, Head of Technology & Performance Management at Deloitte France, underscored the urgency of action:
“As regulatory pressures and digital transformation accelerate, businesses must act urgently to modernize their finance operations. By combining Deloitte’s extensive reach and expertise with Basware’s AP automation solutions, we empower the CFO’s office to streamline accounts payable, ensure full compliance, and unlock considerable cost savings.”
Delivering Tangible Business Impact
This enhanced alliance between Deloitte and Basware aims to:
- Assist enterprises in achieving up to 89% touchless invoice processing, drastically minimizing manual intervention and processing times.
- Ensure organizations stay at the forefront of evolving global and local e-invoicing compliance mandates without incurring costly last-minute adjustments.
- Enable companies to take advantage of early payment discounts, mitigate fraud risk, and optimize working capital, potentially saving millions annually.
- Provide access to a team of Deloitte-certified consultants trained on Basware’s platform to enhance successful financial transformation initiatives.
This collaboration’s efficacy is already visible. Carglass France, a leader in automotive glass repair and replacement, successfully adopted Basware’s digital invoicing solution with Deloitte’s support—achieving complete implementation in just seven months. By integrating automation during its Oracle ERP migration, Carglass improved invoice-to-PO matching rates to 83%, accelerated supplier payments by 55%, and ensured compliance with France’s impending e-invoicing mandates.
This success illustrates how enterprises can future-proof their financial operations and achieve measurable efficiencies through the Basware-Deloitte partnership.
Jason Kurtz, CEO at Basware, reflected on the partnership:
“Enterprise finance leaders can no longer afford to take a ‘wait and see’ stance regarding e-invoicing compliance and AP transformation. Regulatory deadlines are rapidly approaching, and the costs associated with inefficiency are escalating. As we witness a significant wave of ERP cloud transitions—especially to SAP S/4HANA—businesses require a seamless approach to integrate AP automation into their core financial operations. Acting now mitigates compliance risks, enhances cash flow, reduces fraud, and eliminates manual bottlenecks. Our enhanced collaboration with Deloitte delivers best-in-class automation and expert advice to enterprises in EMEA, ensuring they maintain a competitive advantage while achieving compliance certainty.”
Transforming Finance Operations for Competitive Edge and Scaled Compliance
With ERP migrations accelerating and regulatory requirements tightening, enterprises in EMEA must act swiftly to modernize their finance operations. The expanded Deloitte-Basware partnership facilitates a risk-averse ERP migration process, offering the quickest, most efficient route to AP automation, compliance, and cost optimization—empowering CFOs and CIOs to navigate an increasingly intricate financial landscape.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and its member firms are legally separate and independent entities. DTTL (also known as “Deloitte Global”) does not provide services to clients. For more information about our global network of member firms, visit www.deloitte.com/about. In France, Deloitte SAS is the member firm of Deloitte Touche Tohmatsu Limited, and professional services are offered by its subsidiaries and affiliates.
About Basware
Basware empowers the best finance teams in the world to gain complete control over every invoice, every time. Our Intelligent Invoice Lifecycle Management Platform ensures end-to-end efficiency, compliance, and control for all invoice transactions. Leveraging the world’s most advanced invoice-centric AI—trained on over 2 billion invoices—Basware’s Intelligent Automation delivers genuine ROI by transforming financial operations. We serve over 6,500 customers globally and are trusted by industry leaders like DHL, Heineken, and Sony. With over 40 years of specialized expertise and $10+ trillion in total spend managed, we are ushering in the next era of finance. With Basware, everything just works.
Photo – https://mma.prnewswire.com/media/2622253/Basware_Deloitte.jpg
Logo – https://mma.prnewswire.com/media/2398888/5172631/Basware_logo.jpg
SOURCE Basware
