iManage is just idea or imaginary product, but it would be good to test if this could make more sense, at least for SME or individuals when talking about e-invoice solutions.
As there are so many solutions to receive and pay e-invoices, I had opportunity to talk with other Finextra member some months ago about idea of how there should be one solution where my all e-invoices or actually all important messages would come.
Idea comes from iTunes, where with one username and password I manage my purchases. Of course when we are talking about banking, we have to be really secure and always a step ahead of crackers.
But idea would be this for e-invoices. I will create first my iManage account, where I add my e-invoice address. That could be my primary bank based address like in Nordic countries, that could be my e-mail account, or even mobile telephone number. Then
I will select if there are companies already in the service who can send me e-invoices. Finally I add my personal info, primary e-mail address, telephone numbers, username and password etc. Then I sign my service with my own local e-id solution which is valid
in my own home country. If there is a change of email address, I will log in to iManage site and make changes. If I don't remember my iManage site, I can log in to system using my own local e-identfication system again. No password sending or user ID sending
Then either I will go to online site of company where I would like to receive e-invoice and leave my iManage account address to let them know that I am capable to receive e-invoices or company goes to iManage site and let others to know that they are ready
to send e-invoices. They can search their customers uploading customer names same way we search LinkedIn, Facebook or other friends using our own contact lists and email- addresses.
Then me as a user get one day e-invoice. My iManage service will notify me by e-mail or with SMS. But I am the person who decides how I am notified. Every sent e-invoice from company sends notification to iManage site which aggregates information to receiver.
Basic service for private customers would be free, extra services like invoice vault would cost. For companies there would be monthly/transaction fee.
This kind of service could be managed by SWIFT, EU Commision, e-invoice operators or just totally new company.
Please let me know if this makes sense.