22 August 2017
Bo Harald

Good for society at large

Bo Harald - ZEF, Transmeri, Real Time Economy Program

346Posts 1,290,879Views 253Comments
Innovation in Financial Services

Innovation in Financial Services

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

Why you should OFFER proper e-invoicing

29 January 2014  |  3464 views  |  0

With proper I mean structured e-invoicing - not e-mailing PDFs (as bad as paper mail - or even worse due to spam filters..).

So why?

Your customer

1. gains convenience - especially with simple mobile payment approval

2. saves cost in the region of 15-30€ per invoice as payment approval and payments can be automated

3. saves much more when accounting, cash flow estimates, VAT-reporting etc is automated by automatically extracting needed data from received (and sent)  e-invoices

4. can start moving to real time financial administration - huge additional benefits

5. contributes to lower CO2

You:

1. gain convenience - especially fast by reusing bank file transfer and e-banking

2. save costs - in the region of 2-9€ per invoice

3. save much more when accounting, cash flow estimates and especially VAT-reporting can be automated by extracting needed data from sent and received e-invoicing

4. can start moving to real time financial administration - huge additional benefits

5. contribute to lower CO2

6. your employees can move from routines to more interesting, more productive and better paid jobs

Society at Large:

1. Large cost savings in public sector from adopting e-invoicing and automated reporting processes and accounting > lower tax pressure (cost for you and your customer).

2. Efficient and cost efficient grey economy counter measures. Just and wider tax collection > lower tax pressure and better rule of law

3. Better productivity as scarcer workforce can move in higher value tasks.

4. Lower CO2 (10m tonnes on EU-level)

Productivity leap! Anything else coming even close?

 

TagsMobile & onlinePayments

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Bo's profile

job title Chairman/Founding member
location Helsinki Region
member since 2008
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