Upcoming regulatory deadlines are shaping the compliance approach of CFOs
PARIS, Feb. 19, 2025 /PRNewswire/ — Deloitte and Basware have strengthened their collaboration by establishing a practice-driven Center of Excellence aimed at aiding businesses in accelerating their digital finance transformation initiatives. This initiative is a direct response to the growing demand stemming from extensive SAP S/4HANA migrations, increased global e-invoicing compliance requirements, and the necessity for cost efficiency through accounts payable (AP) automation.
Deloitte and Basware establish a Center of Excellence
By merging Deloitte’s extensive finance and compliance knowledge with Basware’s leading Invoice Lifecycle Management platform, this partnership aims to provide scalable, automated solutions that enhance compliance, lower costs, and improve operational efficiencies for organizations across EMEA.
Governments throughout EMEA are imposing stricter regulations regarding e-invoicing and tax compliance, compelling businesses to adapt swiftly to avoid penalties, disruptions in operations, and escalated expenses.
Starting in 2025, Germany implemented a mandate requiring companies to be equipped to receive e-invoices, with larger firms required to issue e-invoices by January 1, 2027. Similarly, France will begin a phased implementation starting on September 1, 2026, mandating all companies to accept e-invoices.
With this enhanced partnership, Deloitte and Basware’s Centre of Excellence (COE) will offer companies a fully automated AP solution. This approach will ensure adherence to compliance requirements while unlocking significant financial advantages and operational efficiencies, already chosen by hundreds of businesses migrating to S/4HANA, Oracle Fusion, and similar platforms.
Kevin Farrell, SVP, Business Development and Alliances at Basware stated:
“As regulatory demands and the pace of digital transformation increase, it’s crucial for businesses to act swiftly to modernize their finance operations. By uniting Deloitte’s finance transformation proficiency and the COE with Basware’s cutting-edge Invoice Lifecycle Management platform, we provide unparalleled operational efficiency, secure compliance, and drive tangible financial outcomes for our clients—ensuring they keep pace with industry advancements.”
Enhancing compliance, minimizing costs, and preparing AP operations for the future
The Centre of Excellence is already creating project value for customers, further refining the joint go-to-market strategy to engage a broader audience of CFOs and finance executives, fostering compliance innovation, and enhancing the delivery of Basware’s solutions via Deloitte consultants.
Henri Lhomme, Managing Partner, Head of Technology & Performance Management at Deloitte France, stressed the need for swift action:
“In the face of escalating regulatory demands and rapid digital transformation, businesses must swiftly modernize their finance operations. By combining Deloitte’s reach and expertise with Basware’s AP automation solutions, we enable CFOs to streamline accounts payable, maintain compliance, and realize significant cost reductions.”
Achieving Tangible Business Results
Through this broadened alliance, Deloitte and Basware will:
Assist businesses in achieving up to 89% touchless invoice processing, markedly decreasing manual tasks and processing durations.
Ensure that organizations remain compliant with evolving global and local e-invoicing regulations without costly last-minute changes.
Empower companies to take advantage of early payment discounts, mitigate fraud risks, and optimize working capital, potentially saving millions each year.
Provide a network of Deloitte-certified consultants trained on Basware’s platform to facilitate successful financial transformation projects.
The effectiveness of this partnership is already evident. Carglass France, a leader in automotive glass repair and replacement, successfully deployed Basware’s digital invoicing solution with support from Deloitte, achieving full implementation in just seven months. By incorporating automation in its Oracle ERP migration, Carglass boosted invoice-to-PO matching rates to 83%, reduced supplier payment times by 55%, and ensured compliance with upcoming e-invoicing laws in France.
This success illustrates how companies can safeguard their financial operations and enhance efficiencies through the Basware-Deloitte partnership.
Jason Kurtz, CEO at Basware, remarked on the partnership:
“Finance leaders in enterprises can no longer adopt a ‘wait and see’ stance towards e-invoicing compliance and AP transformation.Regulatory deadlines loom, and the cost of inefficiency is mounting. With the massive trend of ERP cloud migrations—particularly to SAP S/4HANA—businesses require a smooth method to integrate AP automation directly into their core financial systems. Acting now mitigates compliance risks and enhances cash flow, decreases fraud, and eliminates manual delays. Our enhanced partnership with Deloitte brings top-tier automation and expert guidance to enterprises in EMEA, guaranteeing they achieve a competitive advantage while ensuring compliance assurance.”
Revolutionizing finance operations to foster competitive advantage and compliance on a large scale
With ERP transitions accelerating and regulatory requirements tightening, businesses in EMEA are urged to modernize their finance operations without delay. The expanded Deloitte-Basware alliance supports clients in reducing risks during the ERP migration process and provides the quickest, most effective route to AP automation, compliance, and cost savings—enabling CFOs and CIOs to remain competitive in an increasingly complex financial environment.
About Deloitte
Deloitte signifies one or more of Deloitte Touche Tohmatsu Limited, a private company limited by guarantee in the UK (“DTTL”), along with its network of member firms and related entities. DTTL and its member firms operate as separate and independent legal entities. DTTL (commonly known as “Deloitte Global”) does not provide client services. For more information about our global network of member firms, please visit www.deloitte.com/about. In France, Deloitte SAS represents the member firm of Deloitte Touche Tohmatsu Limited, and professional services are delivered through its subsidiaries and affiliates.
About Basware
Basware helps the world’s foremost finance teams maintain complete control over every invoice, consistently. Our Intelligent Invoice Lifecycle Management Platform guarantees end-to-end efficiency, compliance, and oversight for all invoice transactions. Utilizing the most advanced invoice-centric AI, which has been trained on over 2 billion invoices, Basware’s Intelligent Automation generates substantial ROI by transforming finance operations. We serve over 6,500 clients worldwide and are endorsed by industry stalwarts like DHL, Heineken, and Sony. With 40 years of specialized experience and handling over $10 trillion in total spend, we are at the forefront of shaping finance’s future. With Basware, everything simply works.
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