19DECEMBER 2019total to ensure that the sum available for payment is equal or within allocated levels. In addition, Basware's solution has a built-in smart algorithm to recognize the best combination of invoice data to execute matching and approve appropriate payment based on structured information. One major area for discussion at enterprises is compliance with regulations and the tax and invoices rules that companies must adhere to effectively. Basware empowers clients to maintain acceptance with global law-making boards robotically. Users can derive applicable tax rates from tax tables with direct access through their ERP systems. The company also partners with tax solution providers such as Vertex, Taxware, Avalara, and Sabrix, to name a few, enabling clients utilizing those solutions to implement Basware's technology and gain clear insights on tax rates. Companies can identify when there is an anomaly in a tax invoice and assign general ledger coding for the differential to accrue funds and pay the correct taxing authority.Measurable SuccessBasware, over the years, has been successfully upscaling clients invoicing processes to be paper-less and prone to human error. One such customer, an Information and Communication Technology (ICT) supplier, was looking for a method to deploy e-invoicing with the idea to eventually create a paperless invoice structure at their business facilities altogether.A leading ICT provider based in the Netherlands had high invoice generations with numbers crossing over 100 million per year, and was second only to the Tax Administration in terms of annual, monthly paper consumption. The sheer volumes at which invoices were being sent and received made the decision to implement e-invoicing easier for the management at the telecommunications company. Demand from a single client to receive invoices in EDI format led to the initial implementation of a digitalized billing structure at the Telco. The move was vital as it meant the loss of a valued customer in case of non-agreement to disperse the invoice in the method of choice. During the time, the economy was flourishing, and every company wanted a piece of the financial freedom offered by clients. The ICT provider collaborated with an external party to provide this service. A few years, down the line, however, recession in the Dutch economy led to the process being outsourced to an organization in Germany. As the financial status slowly began to gain momentum after the collapse, clients once again began to flourish, and the telecommunication company saw an increasing demand to deliver e-invoices. While the e-Invoicing service provider that the firm was working with at that point of time was able to handle these requests, the Telco wanted to upscale it even further.Owing to its status as a primary ICT provider, it was important that the enterprise lead the way and let the innovation spread across all areas of the organization. Not wanting to compromise on its credibility, and an impending need to switch to a new e-invoicing provider led the management at the telecommunications firm to the doors of Basware.Partnering with Basware, the client saw an increase of 60 percentage in their cost savings through the implementation of Basware's e-invoicing solution. After the successful completion of the first project, both companies would enter into discussions to make further improvements. Nearly a decade later, the ICT provider still partners with Basware to send out its invoices electronically irrespective of the format of reception--paper or digital. While the delivery of e-invoices was reactive until the recent past, the telecommunications operator presently is rolling out e-invoicing to its large enterprise and corporate customers proactively. Partnering with Basware, the client wishes to deliver e-invoices to this group of 500-3000 companies who jointly represent 10000-100000 invoices annually and truly set the standard for paperless and touchless billing strategies. Klaus Andersen
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