Over half of companies are unable to expand overseas due to missed invoicing or tax compliance deadlines More than one-third have incurred fines by submitting incorrect tax audits $783 billion worth of non-compliant invoices last year In contrast, 83% with proper systems rarely receive fines “If you can’t be compliant, you can’t grow,” says Basware, highlighting the issues of incorrect tax and invoicing in its latest report Over half (56%) of companies are unable to...
Late payments are driving factor in costing businesses $45m a year and ‘fueling a financial health crisis’ while harming supplier relationships and undermining ethical business practices.
Eight in 10 finance chiefs are prioritizing preparing their departments to operate under increased regulatory scrutiny, according to a new global study. The research, commissioned by Basware, a global leader in AP automation and invoice processing and conducted by global research and advisory firm Forrester Research, revealed that 84%of finance leaders said that adapting to stricter compliance standards was a critical or high priority for the year ahead. As organizations worldwide face pressures to elevate...