Basware

I’m bad at crafts, but I do know how to ruin a knitted sweater: pull one loose thread. Auditors know this trick too. Many people around me love knitting, but ever since school I disliked crafts: My hands just couldn't produce the image I had in my head. Taking things apart on the other hand, I excel at: Pull the loose thread from the right end and hours of someone’s work is gone in minutes. Your auditor is doing exactly that - pulling the thread from the end and that pull will expose your compliance failures. So what are the compliance parts you are knitting together? A few examples I've seen failing: Authenticity of origin Are you able to prove to your auditor that the invoice you are doing VAT reclaims from did indeed come from the supplier it says on the invoice? Did you for example match it to your supplier master data or a signature proving its origin? Data integrity Can you prove to your auditor that the data you are working with and reporting is exactly the same as what the supplier sent you? A digital signature can help, but also a full, and properly archived, audit log with both manual and automatic actions (including format conversions!). Archiving Are you archiving the legal invoice? Your ERP-data is not the legal invoice. The PDF-visualisation of an XML you received is in most cases not the legal invoice. The invoice as it was _issued_ is the legal invoice you must archive. Summary: A mature system doesn't mean it is compliant The whole AP process has been built based on slow paper invoices. That was then later translated to PDF, a.k.a. digital paper (thanks Markus Hornburg for that wording!). But the process has never evolved. It should have evolved by digital transformation taking into account all today's fast-paced realities. So, just because it has worked for 40 years doesn't mean it won't be pulled apart in an audit. And to connect back to my inability at crafts: My kids tricked me into doing crafts recently. I agreed to record a video with them, not knowing they had secretly planned a crafts workshop! As an adult, I can't say I'm much better at it compared to as a kid. There is much more about the red thread in compliance, read it here! https://hubs.ly/Q04CfPTF0 #nowitalljusthappens

Die meisten Unternehmen arbeiten nicht mit einem einzigen ERP-System. Wenn Systeme, Gesellschaften und Regionen zunehmen, wird es immer schwieriger, den Überblick zu behalten. Basware Invoice Lifecycle Management führt alles auf einer Plattform zusammen und gibt der Finanzabteilung eine zentrale Sicht auf das gesamte Unternehmen.

Fragmentierte Systeme und isolierte Datensilos führen zu mangelnder Transparenz bei Steuer- und Rechnungs-Compliance. Die Folge? Strafen. Betrug. Reputationsschäden. Erfahren Sie in unserem neuen Report mit FT Longitude, wie Sie Ihre Prozesse in den Griff bekommen, Echtzeit-Transparenz gewinnen und Compliance zum Wettbewerbsvorteil machen.

Still on your reading list? The 2026 Fraud Report covers how AI, regulation, and weak vendor data are reshaping fraud, and what finance leaders are doing about it. Read it now.

Un auditeur vous demandera "Expliquez moi pourquoi vous avez payé cette facture ?" Il exigera une preuve d'audit à chaque étape. Sur BFM Business, je parle de facturation électronique et d’IA. Post-réforme de la facturation électronique, Basware mise sur l’IA pour transformer la finance Au menu : • Le coût de la non-conformité, y compris sur le déploiement international • Comment automatiser les factures conformes en rajoutant tous les contrôles business • Ce que l’IA fait déjà contre les doublons et la fraude • Quelle part de vos factures est payée aujourd’hui sans que personne n’y touche ? https://lnkd.in/ePdEmuXf #FacturationElectronique #Finance #Basware"

It's been a busy few weeks - from Vegas to Dublin and now off to Helsinki this morning. 🛫 Reflecting on SAP Connect, the theme all week was clear - autonomous spend takes a whole ecosystem. SAP partners want an easier path to the public cloud for their customers, and we complement that. Payment fraud was the other big topic. An invoice can be approved and accurate, and the bank account behind it can still be fraudulent. We closed our Trustpair acquisition on day one, and the timing couldn’t have been better. Full recap from the team - https://hubs.ly/Q04BfN-Y0