23 September 2017
Bo Harald

Good for society at large

Bo Harald - ZEF, Transmeri, Real Time Economy Program

347Posts 1,306,782Views 256Comments
Finextra community

Electronic invoicing

A discussion and guidance on the path to full scale adoption of electronic invoicing by corporates, goverments, SME's and consumers, creating savings up to € 60 billion in 2020. With a focus on: trends, business models, processes, technology, and legal issues.

Banks are the enablers for mass market e-invocing

14 September 2017  |  5439 views  |  0

Finland as an example (2016 figs):

- all SMEs use e-/mobile banking and e-invoicing is a standard feature as out of some 250k enterprises 217k have signed up for sending and 234 for receiving structured e-invoices (PDF has never been classified as e-invoice)

- consumers have 6,23 million e-/mobile banking contracts (population 5,5 m so some are paying for the service in two banks). Active contract estimate (under- and overage eliminated) some 4,5 million. Of these 3,91 million receive e-invoices.

- banks are central for the SME-market while non-bank service providers have signed up the large senders and receivers. Total volumes estimated (m - out of some 500m b2all) and including Edifact:

                       sent                    received

2014                190                       130

2015                220                       160

2016                300                       190

Operators still print some for receivers. State sector is very close to 100 pct on the receiving side for the domestic part.

 

 

TagsPaymentsInnovation

Comments: (0)

Comment on this story (membership required)

Latest posts from Bo

Banks are the enablers for mass market e-invocing

14 September 2017  |  5439 views  |  0 comments | recomends Recommends 0 TagsPaymentsInnovationGroupElectronic invoicing

e-banking 3.0

10 July 2017  |  4548 views  |  0 comments | recomends Recommends 0 TagsMobile & onlineInnovationGroupDigital Banking Trends

Demise of cash

05 July 2017  |  8506 views  |  0 comments | recomends Recommends 0 TagsCardsInnovationGroupDigital Banking Trends

Bank e-id service rules the waves

04 July 2017  |  5625 views  |  0 comments | recomends Recommends 0 TagsRetail bankingInnovationGroupDigital Banking Trends

Real Time Economy for EU - How?

20 March 2017  |  4589 views  |  0 comments | recomends Recommends 0 TagsMobile & onlineInnovationGroupFintech innovation and startups

Bo's profile

job title Chairman/Founding member
location Helsinki Region
member since 2008
Summary profile See full profile »
Independent advisor and board professional

Bo's expertise

Member since 2008
338 posts256 comments

Who's commenting on Bo's posts