Basware appoints Markus Hornburg as its SVP, Global Compliance

PRNewswireFebruary 9, 20244 min

Basware, a global leader in AP automation and invoice processing, 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.

Markus Hornburg, Head of Compliance at Basware, said:

“I’m excited to join Basware to continue furthering compliance in financial processes. Over the years many so-called ‘disruptors’ have tried to enter the market, but Basware has a very long track record of delivering meaningful value to customers. With so many complex and evolving e-invoicing regulations expected over the coming years, Basware is strengthening its position as a trusted and reliable partner for all businesses, supporting finance teams and the office of the CFO. With Basware, digitization processes will be projects customers want to do rather than something they have to do.”

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