27 July 2016
Bo Harald

Good for society at large

Bo Harald - ZEF and Real Time Economy Program

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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.

Massive forces needed

10 March 2014  |  1659 views  |  0

When we have been working with changing direction in large companies or large scale projects like x-EU e-invoice harmonization, automated VAT reporting and the real time economy generally speaking we have noticed that the mass we need to move is great. 

The reaction is naturally to apply more force and also call in bold decision makers (hard to find among politicians) to help with legislation, deadlines and mandatoryship. If SEPA with very small if any benefits for other enterprises than the very largest could be made mandatory - why not then a 300bn business case e-invoicing - especially as investments there are marginal at the most?

Of course we cannot afford not to do more than just nudging. Mandatoryship should for sure be easier to apply now when our economy screams for better productivity. But in the meantime and in parallel it is important to take note of how much it helps by creating networks - both for co-innovating, co-creating, co-producing, co-marketing and co-lobbing.

And everything should be done with small fast steps. Small steps > small mistakes (nobody notices..) > fast learning. Big steps > slow progress > big mistakes > little learning + somebody HAS to be fired... and very few want to be in that position today.

TagsMobile & onlinePayments

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