Rethinking ERP Strategy with Basware
Rip open the box of modern-day ERP challenges, and you'll find a demanding jumble of tax mandates and tech upgrades. Today, companies on SAP Cloud ERP have to juggle not just modernization, but also expanding global tax regulations. Enter Basware, which is shaking things up by sinking its compliance claws into the SAP Store.
Compliance and Modernization: Not Mutually Exclusive
Basware’s latest move caused a stir, offering e-invoicing and tax solutions straight from the SAP Store—no elaborate custom integrations needed. Jon Stevens from Basware gives us the lowdown, hinting that leaving compliance out in the cold while upgrading ERP systems isn't cunning. It's a classic case of having your cake and eating it too—the compliance cake, that is. If you ask Stevens, fusing modernization with compliance boosts pace, slashes risks, and sets the stage for AI-driven financial management.
"Modernization and compliance are often treated as competing initiatives, and that's a mistake," says Jon Stevens, SVP, Business Development and Alliances at Basware.
- 3X demand increase from SAP customers seeking ERP solutions.
- Seamless SAP-certified connector without custom integrations.
- 190+ countries covered, 60+ mandates handled smoothly.
The Compliance Challenge: Risks and Resolutions
Stepping into the muck of global compliance is no walk in the park. Around 56% of outfits find themselves knee-deep in trouble when they go international. Fines related to botched tax filings slap 36% of them right in the face. Basware counters this mess by baking compliance straight into accounts payable with Basware Guardian for AP. It's the digital bouncer at the ERP club door, heavily scrutinizing invoices for authenticity before anyone gets let into the approval dance party.
Proactive Compliance for ERP Success
When compliance takes a backseat, chaos tends to take the wheel. Basware's pitch here is to integrate compliance proactively. SAP's transformation into an Autonomous Enterprise isn’t just buzz—Basware's compliance muscle for AP gives it heft. The proof? Just glance over at France, where customers are already leading the charge on the e-invoicing mandate, two months ahead of the deadline.
- ENGIE managing over a million invoices annually via Basware alongside SAP Cloud ERP.
- Mauser Packaging Solutions bypassed in-house solutions for Basware's precision.
One Unified Approach to Invoice Management
Thanks to Basware, modernization and compliance finally play nice together. SAP customers can grab this integration and breathe easy knowing compliance is sewn into the very fabric of their financial operations. For more than 650 companies, it's become a key partner in untying the knotty world of accounts payable and ERP upgrades without sacrificing compliance.
"That's what happens when compliance is built in, not bolted on," emphasizes Jon Stevens, mentioning the lead they’ve gotten in France before the reg cutoff.
If you’re navigating the murky waters of global tax mandates or looking to modernize without risking compliance nightmares, Basware is tossing SAP customers a lifeline.
