Compliance Targets
VISMA | Yuki is the go-to accounting partner for over 2500 enterprises across Europe. By implementing mintBlue’s innovative, distributed ledger-based approach to data storage and validation, over 500,000 invoices per month are able to be verified and tracked throughout their lifecycle, all in real time.
The Challenge: Avoiding Invoice Fraud, at Scale
When it comes to enterprise accounting, every digit counts. The larger the enterprise, the larger the target on their back is for fraud attempts. VISMA | Yuki’s customers face the following challenges:
Identifying which incoming invoices are legitimate
Knowing in what stage invoices are at any given time
Maintaining accurate bookkeeping records for years to come
Compliance with VAT, the EU’s eInvoicing Directive, and other taxation regulations
The vision was clear
Turn time consuming traditional accounting practices into one that is both largely automated and less fallible.
The mintBlue Solution: Real-time Invoice Validation & Tamperproof Bookkeeping
Powered by mintBlue, VISMA | Yuki is able to offer their customers:
Complete data sovereignty via encrypted data storage and fine-grain access controls.
Automatic invoice validation for over 500,000 invoices per month.
Permanent, unchangeable digital records of invoices and tracking of their lifecycle.
Interoperable plug-in functionality for flexible use of data across various tools (full compatibility with Peppol and UBL).
Streamlined compliance with current and future legislations, such as VAT in the Digital Age (VIDA).
A Gold Standard in Accounting
“VISMA Yuki has been looking for independent solutions for validation and verification of large amounts of financial documents for a long time. With mintBlue’s infrastructure, this becomes a technological and cost-effective reality.”
Sebastian Toet
Solution Architect, VISMA | Yuki
Secure, Automated Accounting & Taxation for All Enterprises
We envision a future where accounting is not only fully trustworthy, but also largely automated:
Businesses receive verifiable digital identity credentials from their local chamber of commerce.
An invoice is created, signed, immutably stored on the distributed ledger, and sent to a customer.
The customer verifies the invoice with the credentials and processes it.
VAT settlement and taxation is performed automatically by the local tax authorities.
All of this is performed instantaneously thanks to the digital euro.
This may all seem like wishful thinking but this reality might be closer than you think.
Our VISMA | Yuki implementation, coupled with our partnerships with the Dutch Chamber of Commerce and Tax Administration, show our commitment to revolutionising the world of accounting.
Transform Your Promises into Provable Facts
Discover how our trust-amplifying technology can power your accounting practices, and turn challenges into competitive advantages.
