19 December 2014

Good for society at large

Bo Harald - ZEF and Real Time Economy Program

307Posts 1,006,587Views 166Comments

Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

Is SME-sector competitiveness important?

22 February 2013  |  4221 views  |  0

Is SME-sector competitiveness important? If governments consider SME-sector competitiveness important (65% of corporate turnover and all growth in employment come from them) they should do something about red tape and automation of administrative processes. The key to the latter is fast migration to structured e-invoicing - paving the way to automated accounting, real time payments, automated VAT-reporting, automated cash flow estimates, cost- efficient anti-grey economy measures etc.

As this should be a no-brainer, the next question is how to get there fast. Our experience:

1. Make sure that banks offer e-invoicing as part of e-banking and file transfer services. Only banks have the power to address the corporate mass market cost-efficiently all the way to secure payment automation and account statement based accounting.

2. Set deadlines for accepting paper and e-mailed PDF invoices

3. Implement cash based accounting as recommended in the VAT directive.

TagsMobile & onlinePayments

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Bo

Time for soul-searching - also in banks

07 December 2014  |  2138 views  |  0  |  Recommends 0 TagsMobile & onlineInnovationGroupInnovation in Financial Services

All countries should save tax payer's money with e-invoicing

05 December 2014  |  1567 views  |  0  |  Recommends 0 TagsMobile & onlineInnovationGroupInnovation in Financial Services

Time for better and new Ecosystems

20 November 2014  |  1948 views  |  0  |  Recommends 0 TagsMobile & onlineInnovationGroupInnovation in Financial Services

It's our money..

31 October 2014  |  1466 views  |  0  |  Recommends 0 TagsPaymentsInnovationGroupElectronic invoicing

How long can e-banking keep growing?

26 May 2014  |  2212 views  |  0  |  Recommends 0 TagsMobile & onlinePaymentsGroupInnovation in Financial Services

Bo's profile

job title Chairman/Founding member
location Esbo
member since 2008
Summary profile See full profile »

Bo's expertise

Who is commenting on Bo's posts

Ketharaman Swaminathan
christopher williams