Deloitte and Basware Partner to Enhance Digital Finance
Looming regulatory deadlines are prompting CFOs to adopt a compliance-focused mindset.
Deloitte and Basware have formed an innovative partnership aimed at establishing a Center of Excellence to assist organizations in expediting their digital finance transformation. This initiative is a response to the growing demand for enterprise solutions amid extensive SAP S/4HANA migrations and rigorous global e-invoicing compliance requirements.
Expanding Capabilities for Compliance and Cost Efficiency
The collaboration between Deloitte's extensive finance and compliance knowledge and Basware's advanced Invoice Lifecycle Management platform aims to provide scalable, automated solutions for enterprises across EMEA. These solutions are designed to enhance compliance, lower costs, and improve operational efficiencies.
With governments across EMEA imposing stricter e-invoicing and tax compliance regulations, businesses are compelled to adapt or face potential penalties, operational hiccups, and inflated expenses. In 2025, a mandate was introduced for companies in Germany to receive e-invoices. Larger enterprises must implement e-invoicing by 2027, while France plans a phased rollout requiring all businesses to accept e-invoices by 2026.
The Role of the Center of Excellence
Through this expanded collaboration, the Center of Excellence (COE) established by Deloitte and Basware aims to deliver a seamless, fully automated accounts payable (AP) solution. This solution not only guarantees compliance but also unlocks significant financial advantages and efficiency for organizations transitioning to SAP S/4HANA, Oracle Fusion, and similar platforms.
Testimonials Highlighting the Impact of the Partnership
Kevin Farrell, SVP of Business Development and Alliances at Basware, remarked, "With regulatory pressures and the pace of digital transformation intensifying, businesses need to act now to modernize their finance operations. Our integration of Deloitte's financial expertise with Basware's Invoice Lifecycle Management platform creates unmatched operational efficiency and robust compliance, driving financial success for our clients."
Innovative Strategies for Financial Compliance
The Center of Excellence has already provided project value to its clients by refining the joint go-to-market strategy. The goal is to extend the reach to CFOs and finance leaders, fostering compliance innovation as Deloitte consultants deliver Basware's solutions.
Henri Lhomme, Managing Partner and Head of Technology & Performance Management at Deloitte France, emphasizes the crucial need for action: "As regulatory pressures and digital transformation accelerate, it is imperative that businesses modernize their finance operations. Our collaboration empowers the CFO office to streamline AP processes, guarantee compliance, and achieve substantial cost savings."
Driving Business Impact through the Expanded Alliance
The collaboration between Deloitte and Basware promises several critical benefits for enterprises:
- Achieving up to 89% touchless invoice processing, significantly minimizing manual involvement and processing durations.
- Keeping ahead of evolving global and local e-invoicing compliance mandates, averting costly last-minute changes.
- Facilitating the capture of early payment discounts and reducing fraud risks, which can save companies millions every year.
- Providing access to a pool of Deloitte-certified consultants proficient in Basware's platform, fostering successful transformation projects.
The success of this collaboration is illustrated by Carglass France, a leader in automotive glass repair and replacement, which implemented Basware's digital invoicing solution alongside Deloitte's expertise, achieving complete deployment in just seven months. Through integrating automation with its Oracle ERP migration, Carglass enhanced invoice-to-PO matching to 83%, expedited supplier payments by 55%, and ensured compliance with France's forthcoming e-invoicing requirements.
Conclusion: Preparing for the Future of Finance Operations
As ERP migrations surge and regulatory frameworks tighten, enterprises in EMEA must take proactive steps to modernize their financial operations. The Deloitte-Basware alliance offers a pathway to minimize risks associated with ERP migration while delivering swift, efficient approaches to AP automation, compliance, and cost optimization. This collaboration aims to empower CFOs and CIOs to navigate an increasingly complex financial landscape with confidence.
About Deloitte
Deloitte refers to a global network of member firms connected under Deloitte Touche Tohmatsu Limited (DTTL). These member firms operate as independent entities. For additional details, please visit www.deloitte.com/about.
About Basware
Basware provides the world's best finance teams with complete control over every invoice. Our Intelligent Invoice Lifecycle Management Platform ensures end-to-end efficiency, compliance, and oversight for all invoicing activities. With AI trained on over two billion invoices, we transform finance operations, serving over 6,500 customers across the globe. Companies such as DHL, Heineken, and Sony trust us with their finance processes. With 40 years of specialized expertise, we are shaping the next generation of finance operations.
Frequently Asked Questions
What was the purpose of the Deloitte and Basware partnership?
The partnership aims to establish a Center of Excellence to facilitate digital finance transformation and compliance alignment for enterprises.
How does the Center of Excellence assist businesses?
The COE provides automated accounts payable solutions, enhancing compliance and operational efficiency while reducing costs.
What recent e-invoicing regulations are impacting companies?
Stricter e-invoicing regulations have been introduced in Germany and France, urging companies to adapt to avoid penalties and operational delays.
What are the expected benefits from this expanded partnership?
Enterprises can achieve significant touchless invoice processing, ease compliance burdens, and optimize financial operations to capture early payment discounts.
How does Basware contribute to the compliance efforts?
Basware offers an advanced Invoice Lifecycle Management platform, which automates invoicing processes to ensure compliance with evolving regulations.
