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- September Compliance Update: Why It's Time to Rethink Your Approach to e-Invoicing
September Compliance Update: Why It's Time to Rethink Your Approach to e-Invoicing
As regulatory complexity increases, finance leaders are rethinking how they manage invoice compliance across borders, formats, and functions. Here's a short update from the insights we released in our Compliance Blog. Learn how when compliance is done right it can unlock automation, improve cash flow, and protect your business from costly mistakes.
Compliance Is Now a Strategic Advantage
Forget treating e-invoicing as just another regulation. According to IDC, 70% of businesses are seeing cash flow improvements, and 80% are gaining process automation benefits through smart compliance strategies. Key takeaways:
- Start early, but stay flexible
- Clean your data and pick the right partner
- Align compliance with broader digital transformation
💡 Tip: Consider e-Invoicing Compliance as a Service to eliminate the burden on your internal teams.
Read Full Blog: Why e-Invoicing is No Longer Just About Compliance
Every Invoice Must Be Compliant – Not Just the Mandated Ones
Whether you're in a mandate-heavy region or not, every invoice—paper, PDF, or digital—must meet legal standards. Why this matters:
- Non-compliance can delay payments or trigger audits
- Your CFO could be personally liable for errors
- Manual compliance just isn’t scalable anymore
💡 Tip: Automation helps validate data, adapt to changes, and ensure consistency across formats.
Read Full Blog: Invoice Compliance: It’s Not Just About Mandates
Can Policy Be... Creative? Yes, When It Comes to Tax Compliance
Governments around the world are testing bold ideas beyond traditional mandates. From receipt lotteries in Taiwan to split VAT payments in Poland, compliance innovation is happening:
- São Paulo rewards shoppers with tax rebates and monthly lotteries
- The UK uses behavioral nudging instead of audits
- Countries like Sweden and Greece require secure, certified POS devices
💡 Insight: E-invoicing remains the most effective B2B compliance strategy, but these creative models could influence future policy shifts.
Read Full Blog: Is E-Invoicing the Only Way to Close the VAT Gap?
How to stay up-to-date on Compliance with Basware
Compliance is no longer a back-office chore, it’s a board-level concern and a lever for operational excellence. Whether you're building a global invoicing strategy or trying to keep pace with evolving mandates, staying informed is your first step toward smarter, safer finance operations.
👉 Explore more insights on the Basware Compliance Blog
👉 Download the Invoice Compliance Buyer’s Guide for practical tips and partner checklists.
We also have two upcoming webinars we would recommend attending:
- Sept 23rd - Quarterly Webcast - Compliance Without the Boring Bits
- Oct. 9th - Your Questions Answered: Compliance Q&A for Poland
Subscribe to the Basware Customer Blog!
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