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Bo Harald - ZEF Solutions - Esbo | 26/07/2011 | 3898 views

Where is your country?

Deadlines for paper or otherwise unstructured invoices (e-mail) to the public sector have been issued in many countries - and more are on their way. The reasons for this are obvious: 1. save tax payers money 2. move increasingly scarce human resources from administration to services and other productive tasks 3. kick-start e-invoicing in the eco... Tags: Online banking, PaymentsGroup: Innovation in Financial Services

Bo Harald - ZEF Solutions - Esbo | 19/07/2011 | 3387 views | 5 comments

No scanning please

When Denmark legislated against paper invoicing in the public sector (including municipalities) back in 2005 service providers (including banks) where not ready with easy solutions for the SMEs. The solution was that enterprises where told to go to the local post office to have invoices scanned. The state paid the cost. Many enterprises (worldwide... Tags: Online banking, PaymentsGroup: Innovation in Financial Services

Bo Harald - ZEF Solutions - Esbo | 19/07/2011 | 3538 views

The biggest of them all

We read that PayPal is moving into e-invoicing. Natural step for anyone who wants to stay in the payments business = keep the funding and profitability transaction accounts offer. Some banks have not yet seen the need to make the choice - keep the profitable and stable funding intact or not. In the same news we also read: "Separately, the US Trea... Tags: Online banking, PaymentsGroup: Innovation in Financial Services

Bo Harald - ZEF Solutions - Esbo | 04/07/2011 | 2786 views | 2 comments

Why is innovation so difficult in banks

I attended a very good innovation meeting last week and there one senior banker said that innovations in banks are so difficult because there is an obsession with business cases. No innovation investment is allowed to fail (is this attitude imported from credit risk evaluation?) and the endless business case argumentation actually puts innovative p... Tags: Online banking, PaymentsGroup: Innovation in Financial Services

Bo Harald - ZEF Solutions - Esbo | 03/07/2011 | 2728 views

CUT 50

CUT 50 is the name of the next phase in the Real Time Economy program run in Finland since 2006. It stands for cutting SME administrative costs in half by 2014-15. The main building blocks are the following: 1. Implement the European Commission target to cut read tape so that 25% of the cost of this public sector related administrative burden can ... Tags: Online banking, PaymentsGroup: Innovation in Financial Services