This engaging EBG | webinar explored the transformative potential of e-invoicing, moving beyond regulatory compliance to unlock strategic business opportunities. Hosted by Anna Bjärkerud, with insights from Marek Nowak, Process Expert, PTP/Financial Control at Nokian Tyres and Gustav Gnosspelius at Basware, the session shed light on how companies can transition from manual processes to streamlined, digital workflows.
Key Discussion Points
- Mandates as Catalysts: Regulatory requirements such as France’s and Poland’s upcoming mandates for e-invoicing in 2024 are driving global digitization.
- Benefits of Digitization: E-invoicing offers faster invoice transmission, improved data quality and reduced costs. Smart PDF solutions act as a bridge for businesses not yet fully digital.
- Challenges in Transition: Transitioning requires change management, supplier cooperation and alignment of internal processes, with pitfalls including misaligned ERP systems and regional differences in compliance.
- Practical Approaches: Pragmatism and prioritization are essential, focusing on high-volume suppliers and leveraging smart technologies to process both PDF and e-invoices efficiently.
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Key Takeaways
- E-invoicing is More Than Compliance: It’s an opportunity to optimize workflows, ensure data accuracy and enhance supplier relationships. Governments’ mandates often accelerate digitization efforts, offering faster adoption of global standards.
- The Right Tools and Partnerships Matter: Partnering with global providers like Basware ensures legal compliance and efficient processing across diverse regions. Smart PDF solutions are an effective intermediary for regions not ready for full e-invoicing.
- Effort Yields Results: Companies that invest in change management and supplier onboarding see substantial improvements in automation levels, touchless processing rates and data quality.
- Strategic Integration: E-invoicing supports end-to-end processes in procurement and finance, enabling businesses to respond to future challenges like supplier risk visibility and sustainability compliance.
- Plan for the Future: Upcoming regulations like ViDA in the EU (2028) and evolving mandates in regions like Spain and Germany highlight the need for long-term strategies in digitization.
Inspirational Message
E-invoicing is not merely a compliance tool; it is a stepping stone to becoming a more agile, data-driven and efficient organization. By embracing the opportunities within regulatory mandates, businesses can unlock significant value, paving the way for strategic growth and resilience in a digital-first economy.
About Nokian Tyres
Nokian Tyres develops and manufactures premium tires for people who value safety, sustainability and predictability. Their purpose is to empower the world to drive smarter. Inspired by their Scandinavian heritage, they craft innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Their Vianor chain provides tire and car services.
In 2022, Nokian Tyres segments net sales totaled EUR 1,350 million. At the end of 2022 they employed some 4,500 professionals. Nokian Tyres is listed on Nasdaq Helsinki.
About Basware
Basware is how finance leaders in global enterprises can finally automate their complex, labor-intensive invoice processes and stay compliant with regulatory change. Our AP automation and invoicing platform helps you achieve a new level of efficiency – in a matter of months – while reducing errors and risks. We bring a unique combination of true automation, complete coverage, and deeper expertise to make it all just happen for our customers. That’s why the world’s most efficient AP departments at 700+ global customers rely on Basware to handle over 170 million invoices per year.
Basware. Now it all just happens.™
Find out more at basware.com.