EXPERT OPINION/ AP
Inside the AP Revolution
Jason Kurtz, CEO, Basware, on Invoice Lifecycle Management, AI, and the four forces reshaping finance.
Using AP as a Strategic Lever to Transform Finance
By Susan Galberaith
I nvoice Lifecycle Management is emerging as a strategic lever for trans- forming finance, giving CFOs and AP leaders a way to tackle four powerful external forces reshaping their world while delivering measurable ROI in weeks or months, not years. In this SAP- insider interview, Basware CEO, Jason Kurtz explains why treating AP as a con- trol point—and using Invoice Lifecycle Management (ILM) as a strategic lever alongside SAP ERP and S/4HANA helps finance leaders respond to regulatory pressure, fraud risk, network complexity, and technology change while maintain- ing a clean SAP core.
AP Is Under Pressure From Four Forces
“AP and ILM offer a low risk, high ROI, great bang for your buck project that delivers in a really fast time period.” Jason Kurtz transformation that is going on, finance organizations have to do something. And AP has to be a part of it.” What has changed is the expectation that AP can stay a manual, back‑office cost center; instead, it is becoming a strategic control point around the in-
Finance and AP leaders are facing a per- fect storm of external forces that are no longer optional to address: accelerating e‑invoicing and CTC mandates, rising invoice fraud and cross‑border tax com- plexity, pressure from open, connected networks, and rapid change in AI‑driven, composable technology stacks. “I don’t think companies have a choice,” Kurtz notes. “With these market forces, with all the compliance mandates that are coming about, all the fraud attempts that are out there, and because of all the cloud ERP
82
Made with FlippingBook - Share PDF online