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    Home » Latest » Basware Joins French PDP as E-Invoicing Transition Looms
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    Basware Joins French PDP as E-Invoicing Transition Looms

    Elliot PreeceBy Elliot Preece12/09/2024Updated:12/09/20243 Mins Read
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    Basware Officially Registered as PDP Service Provider as French Businesses Prepare for Mandatory E-Invoicing
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    Basware strengthens global compliance as French tax authorities select key partners for e-invoicing transition.

    Basware, a global leader in accounts payable (AP) automation and invoice processing, has officially been recognised as a Partner Dematerialization Platform (PDP) by the French Tax Authority General Directorate of Public Finance (DGFiP).

    France’s E-Invoicing Mandate

    Starting September 1, 2026, all VAT-registered businesses in France will be legally required to send and receive invoices electronically. The objective of this mandate is to enhance financial transparency, reduce tax fraud, and improve overall efficiency in financial transactions. The French government estimates that this move could recoup approximately €3 billion annually from incorrect tax claims.

    Basware’s Role in Supporting Businesses

    To facilitate this transition, Basware is helping enterprises automate their accounts payable processes. This includes matching, approving, and processing invoices at scale, allowing businesses to remain compliant with the new e-invoicing regulations while simultaneously optimising their financial workflows.

    As part of its continued dedication, Basware actively participates in the PDP working group formed by the French Tax Authority. This initiative aims to support businesses as they adapt to the significant changes in financial systems required for e-invoicing compliance. The platform provides practical solutions to ease the transition for companies.

    SVP of Global Compliance Comments 

    “E-invoicing is no longer optional—it’s a legal obligation and a key factor in cost management,” says Markus Hornburg, SVP of Global Compliance at Basware. Although numerous businesses are concerned about the challenges of compliance and potential operational disruptions, a global service provider like Basware can guarantee adherence to the ever-changing regulations.

    France is a critical piece of our global compliance puzzle. It’s more than just a mandate, it involves financial reporting, creating transparent audit trails, and driving digitisation projects. Our mission is to make this transition seamless and cost-effective for our clients.”

    France Joins Global E-Invoicing Trend

    France is among a growing number of countries implementing mandatory e-invoicing regulations. Each country’s rules vary in terms of requirements, timelines, and technical standards, which poses a significant challenge for businesses. Companies must stay informed about regulatory changes and adjust their internal processes accordingly.

    The European Commission estimates that this move could reduce VAT fraud by €11 billion annually across the EU and cut administrative and compliance costs by over €4 billion in the next decade.

    Basware’s Global Commitment to Compliance

    Basware has ramped up its support for businesses worldwide with digitised invoicing solutions. Currently covering over 50 e-invoicing mandates, Basware’s expertise spans multiple regions. With the official registration in France and a recent launch in Malaysia under the Malaysia Digital Economy Corporation (MDEC), Basware continues to offer globally compliant e-invoicing services.

    With over 40 years of expertise in handling mandates, laws, and global invoicing requirements, Basware provides businesses with the tools they need to comply with local regulations and streamline financial processes through its Global E-Invoicing Compliance Map.

    Basware at the Forefront of E-Invoicing Transition

    As France prepares for its mandatory e-invoicing requirements, Basware’s role as a registered PDP ensures that businesses can navigate this complex transition efficiently and effectively. The company’s deep expertise in global compliance provides an essential foundation for businesses looking to embrace the digital transformation of financial operations.

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    accounts payable Basware digital transformation e-invoicing financial automation French Tax Authority global compliance invoice processing PDP service provider VAT
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