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Basware hires Head of Compliance to help with E-invoicing Regulation

Monday 19th February, 2024

Basware has appointed Markus Hornburg as its Senior Vice President, Global Compliance. It strengthens the company’s compliance offering to help customers through upcoming e-invoicing requirements.

Many countries such as France, Poland, Spain, and Germany, are introducing legislation to enforce e-invoicing, while many existing countries around the world including Latin America continue to revise their requirements. This complexity will require businesses trading in those countries to send and receive invoices electronically, to clamp down on issues such as VAT fraud.

However, regulations concerning invoice formats, systems, tax rules and timelines can be challenging and differ across countries. Basware supports global enterprises automate their accounts payable (AP) function by seamlessly matching, approving and processing invoices at scale.

Hornburg will lead Basware’s strategy to provide an answer to this ever-more complex compliance challenge, which integrates the different rules required in each country in terms of invoice formats, signatures and archiving into its AP automation and e-invoicing platform.

With over 25 years in product, trade and tax compliance, Hornburg has worked with governments and private sector companies globally, bringing a wealth of experience defining and delivering digitalization efforts. Before joining Basware, he served as VP of Global Product Compliance for Coupa Software and VP of Compliance at Tungsten Network.

Basware supports customers with e-invoice compliance in more than 100 countries with extensive experience with mandates, laws and requirements tailored to each market through its Global E-invoicing Compliance Map. Basware’s solution is already connected to several government platforms as well as interoperability networks such as Peppol - the common global framework for the cross-border exchange of electronic business documents.

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Avalara

Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, eCommerce and other financial management system providers, Avalara delivers cloudbased compliance solutions for various transactional taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Canada, the U.K., Belgium, Brazil, and India.