Fintech PR
Basware Commits To Support Electronic Invoicing In France
The leader in invoice automation aims to support digitization of French businesses by announcing its application to become a Partner Dematerialization Platform (PDP)
PARIS, Aug. 1, 2023 /PRNewswire/ — Basware, the leader in making AP automation and invoice processing happen, announced its Partner Dematerialization Platform (PDP) application on July 28th 2023, to support French businesses sending and receiving invoices digitally.
All businesses subject to VAT in France will soon be required to receive and send invoices electronically. Recently, the French government decided to postpone the implementation of the system, previously scheduled for July 1st 2024, in order to allow sufficient time for the reform to be a success. Basware is committed to becoming a PDP provider to support French businesses through this significant transition. Additionally, it offers Dematerialization Operator (OD) services, allowing customers to choose the solution that best suits their needs.
A trusted partner at the forefront of electronic invoicing
With 40 years’ experience working with major brands such as Vinci, HP, DHL and Mercedes-Benz, Basware is a pioneer in digitalization and electronic invoicing, present in 175 countries worldwide. In France, Basware is actively involved in the roll-out of electronic invoicing and the implementation of the new reform. As member of the PDP working group launched by the French Public Finance Department (DGFIP), Basware is also part of the National Forum for Electronic Invoicing (FNFE-MPE), which is working to implement this reform.
For a company, the decision to connect to the new ecosystem via an OD or PDP approach depends on several parameters: digital maturity, volumes processed, EDI history, international presence, and others. By offering both a PDP and an OD solution, Basware is now able to help all companies find the best dematerialization solution suited to their needs and business processes.
Alexis Hartmann, VP of France and UK at Basware, commented on the application:
“Basware has been established in France for over 20 years, and 350 French companies have already placed their trust in us and are working with us to comply with the French mandate. By becoming a PDP and OD, we want to offer an integrated solution that concentrates all types of workflows and formats (UBL, CII, Factur-X). For companies, this integrated approach will guarantee a 360° view, in real time, of their entire invoicing process.”
Jason Kurtz, CEO at Basware, added:
“Even before this reform was introduced, Basware has been supporting its customers in countries where dematerialized invoicing has been implemented (such as Italy) and integrating electronic formats for many years. Our long-standing expertise in the market and our strong involvement in the various working groups dedicated to these issues with the DGFIP and the FNFE positions us as a major player in this reform. Becoming a PDP is not something that can be improvised: our investments over the past 40 years and our proven expertise in all financial workflows demonstrates our position as a leader in true invoice automation. We are committed to helping businesses become digital by processing invoices fully online, which saves them money, keeps them compliant and reduces risk.”
An integrated approach to ensure a real-time view of the invoicing process
Certified by the International Information Security Standard ISO/IEC 27001, Basware’s solution is already connected to several government platforms, including Chorus Pro, as well as interoperability networks such as Peppol. As a result, it meets all the requirements for processing invoices, such as archiving with probative value, and reliable audit trails. With an open network of over 250 ERP systems and more than 70 supported invoice formats, Basware also offers tailor-made integration with corporate management systems, as well as complete coverage, anywhere in the world.
Another strong point that sets this platform apart from other solutions within the market is Basware’s technology that enables touchless invoice processing. Powered by AI and machine learning, Basware’s advanced invoice automation minimizes exception handling, eliminating the need for finance teams to manually manage invoices. Finally, Basware’s in-depth expertise ensures that the risks associated with compliance and highly complex, fragmented, and ever-changing local and international regulations are reduced.
Beyond the electronic invoicing reforms
In addition to electronic invoicing, the e-reporting function offered by Basware goes far beyond the requirements of the French mandate. A real asset for business, it will enable companies to make the most of financial automation: digitalizing all processes, increasing levels of automation, and transmitting accurate information in real time to decision-makers.
Alexis Hartmann concluded:
“While the move to electronic invoicing may intimidate some companies who see it as a constraint, this reform should be seen as an opportunity to accelerate their business. Basware is committed to supporting companies on a day-to-day basis in mastering this transition, helping them to understand the regulations, its impact, and its opportunities.“
Basware in figures
- 40 years‘ experience – present in 175 countries
- 170 million invoices processed per year
- VAT compliance in more than 60 countries
- Over 70 electronic invoice formats supported
- Number 1 worldwide for “AP invoice automation” according to Gartner
- Number 1 in global geographical coverage according to Forrester
- Leader in Accounts Payable Automation according to IDC
For more information on the French mandate, its timing and how businesses can prepare, visit here.
About Basware
Basware is how finance leaders in global enterprises can finally automate their complex, labor-intensive invoice processes and stay compliant with regulatory change. Our AP automation and invoicing platform helps you achieve a new level of efficiency – in a matter of months – while reducing errors and risks. We bring a unique combination of true automation, complete coverage, and deeper expertise to make it all just happen for our customers. That’s why the world’s most efficient AP departments at 700+ global customers rely on Basware to handle over 170 million invoices per year. Basware. Now it all just happens.™
Media contact
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Fintech PR
HTX 2025 Outlook: Five Sectors to Look Forward to, and How Trump’s Policy Will Affect Crypto Industry
SINGAPORE, Jan. 10, 2025 /PRNewswire/ — The year 2024 marks a significant chapter in the history of the crypto industry, where we witnessed continuous breakthroughs in blockchain technology, surges in Bitcoin price, and a gradually more open regulatory environment, with cryptocurrencies gaining increasing recognition from the mainstream. As 2025 unfolds, HTX, the world’s leading digital asset exchange, has released its latest report, HTX 2024 Global Web3 Blockchain Ecosystem Review and 2025 Outlook, which provides forward-looking insights into the development prospects of the crypto industry.
Key Sectors for 2025
In the report, HTX highlighted five key sectors that showed encouraging progress last year, and will continue to closely monitor these areas in 2025.
Bitcoin Ecosystem
In 2024, Bitcoin’s market dominance kept increasing, solidifying its position as the core asset, with spot ETFs acting as liquidity channels, and U.S. listed companies such as MicroStrategy (MSTR) serving as the vehicles to absorb unlimited dollar liquidity.
As a result, it is increasingly essential to further develop Bitcoin’s ecosystem and enhance capital utilization efficiency. With strong support from macro markets and infrastructure support, a further surge in Bitcoin demand over the next two years is well-anticipated.
Infrastructure
Infrastructure remained a cornerstone in 2024’s crypto investments and funding. The synergy between capital and technology has driven the rapid development of Layer 1, Layer 2, and middleware projects, among others.
Layer 1 solutions, in particular, now represent the focal point of technical development and exploration within the crypto space, and it is expected to remain a priority for development resources and capital investment in the future.
Meme Coins
The Meme coin sector emerged as a hotspot in 2024, fostering community consensus while integrating with fields like DeFi and GameFi to create new use cases. As the crypto market environment grows increasingly favorable, more retail investors are expected to enter the market, positioning Meme projects as vital channels for capital inflows.
AI
In 2024, the intersection of Crypto and AI sector has been driving the exploration of several segmented fields, the hottest one of which is AI agents. In the future, AI agents will gradually become personal butlers and assistants for users, serving them with comprehensive capabilities. Over time, they may develop unique cultures and religions.
This deep integration of AI and encryption technology is a groundbreaking evolution that is unattainable within Web2 and cannot be achieved by Web3 relying solely on encryption technology.
TON Ecosystem
Attributable to Telegram’s hundreds of millions of users and robust technical support, the TON ecosystem achieved significant milestones in various fields, pioneering the monetization of Web2 social applications through crypto. Moving into 2025, it needs to explore and find new business models to improve user retention and identify its next growth curve.
Donald Trump Effect: Bitcoin Strategic Reserve Worth Anticipating
The report also discusses the potential impact of crypto-friendly policies that could arise after Donald Trump takes office. Two important bills, the FIT21 Act and the Bitcoin Strategic Reserve Act, are likely to pass more quickly thanks to him.
The FIT21 Act aims to create a clear legal framework for token issuance and trading by classifying tokens as digital assets or digital commodities, transferring the regulatory responsibilities of many blockchain projects from the SEC to the CFTC, and introducing a safe harbor mechanism. This would help standardize and promote the healthy growth of the entire industry.
The Bitcoin Strategic Reserve Act, aligning with Trump’s campaign promises, if passed, would mark Bitcoin’s transition from a niche asset to a nationally recognized reserve asset, greatly enhancing its legitimacy and recognition. It may also prompt other countries to adopt similar measures to further advance Bitcoin’s global recognition and application.
The Act was submitted to Congress for deliberation on August 4, 2024, and referred to the Senate Banking Committee for review. Trump is well-positioned to push this bill through. Meanwhile, several U.S. states have already proposed their own Bitcoin Strategic Reserve bills. By 2025, Bitcoin as a strategic reserve may become a reality.
Additionally, under Trump’s presidency, the SAB121 Act is likely to be repealed, allowing traditional financial institutions to hold cryptocurrencies on their balance sheets, further accelerating the institutionalization of crypto assets and contributing to the overall maturity of the crypto market. The SEC’s application criteria of the Howey Test may also be relaxed, increasing the likelihood of more spot crypto ETFs being approved and more public listings of crypto companies.
Meanwhile, the report also provides a comprehensive summary of 2024, looking back on the key events that had a major impact on the crypto industry while summing up what HTX had achieved over the last year.
To learn more, please visit: https://square.htx.com/htx-2024-global-web3-blockchain-ecosystem-review-and-2025-outlook/
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services.
Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide.
Contact Details
Ruder Finn Asia
[email protected]
Company Website
https://www.htx.com
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BEIJING, Jan. 10, 2025 /PRNewswire/ — Professor JIN Zhao, Assistant Professor of Finance at Cheung Kong Graduate School of Business (CKGSB), was honored with the Brattle Group Prize – Distinguished Papers at the 2025 American Finance Association (AFA) Annual Meeting held in San Francisco on January 5, 2025. This prestigious award recognizes outstanding papers on corporate finance published in the Journal of Finance, one of the discipline’s most esteemed academic journals. Professor Jin is the first scholar affiliated with a Chinese institution to receive this award since its inception in 1999. This achievement underscores the exceptional research capabilities and global impact of CKGSB’s faculty.
Professor Jin’s award-winning paper, “Artificial Intelligence, Education, and Entrepreneurship,” co-authored with Professor Michael Gofman from The Hebrew University of Jerusalem, offers a novel perspective and rigorous methodology to examine the intricate connections between artificial intelligence (AI), education, entrepreneurship, and financing. The study highlights the negative impact of AI talent migration from academia to industry on education systems as well as the establishment and funding capabilities of entrepreneurial ventures. By addressing these challenges, the research provides valuable theoretical insights and policy recommendations to support the sustainable development of the global AI industry.
Professor Jin Zhao is an Assistant Professor of Finance at CKGSB. He joined CKGSB in 2020 after earning his PhD in Finance from the University of Rochester. His research, which focuses on entrepreneurship, artificial intelligence, and corporate finance, has been presented at prestigious institutions, such as Stanford University, and published in leading academic journals. His work has also garnered attention from prominent media outlets, including The New York Times and The Wall Street Journal.
About CKGSB
Established in Beijing in November 2002, CKGSB is China’s first privately-funded and research-driven business school. The school aims to cultivate transformative business leaders with a global vision, sense of social responsibility, innovative mindset, and ability to lead with empathy and compassion (https://english.ckgsb.edu.cn).
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PORT VILA, Vanuatu, Jan. 10, 2025 /PRNewswire/ — Vantage Markets, a leading multi-asset trading platform, is set to make a significant impact at the upcoming iFX EXPO Dubai 2025, scheduled for January 14-16 at the Dubai World Trade Centre. As an Elite Sponsor, Vantage is poised to showcase its latest innovations and commitment to empowering traders worldwide.
In a recent exclusive interview, Souhail Fadlallah, Business Development Manager at Vantage, shared insights into the company’s objectives for the expo and the value it aims to deliver to attendees.
Fadlallah emphasized Vantage’s dedication to providing traders with tools and resources designed to enhance their trading experience. Attendees visiting Vantage’s booth can expect to discover the latest advancements in trading platforms, including features aimed at streamlining user experiences and optimizing performance.
Beyond technology, Vantage is committed to offering advanced educational resources. Fadlallah highlighted the company’s suite of learning tools that provide traders with valuable insights and training materials to sharpen their skills and achieve success in the financial markets. Additionally, Vantage’s robust affiliate and partner programs are designed to drive mutual growth and success, reflecting the company’s dedication to creating value for its partners.
For Vantage, participation in iFX EXPO Dubai 2025 is about more than showcasing its offerings; it’s about building trust and fostering meaningful connections. Fadlallah stated, “We want attendees to leave iFX EXPO Dubai with the clear message that Vantage is more than just a trading platform. We’re a partner deeply committed to innovation, transparency, and the success of all our clients.”
Vantage invites all attendees to visit their booth at the iFX EXPO Dubai 2025 to explore their offerings and engage with their team of experts. The event promises to be a hub of innovation, insights, and empowerment in trading.
For more information about Vantage and their participation in iFX EXPO Dubai 2025, visit Vantage Markets.
About Vantage
Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.
With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.
trade smarter @vantage
RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.
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