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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) that have banned paper invoices tell their suppliers to send paper invoices (or e-mails with PDFs) to scanning services often offered by e-invoicing service providers. This is meant to be an interim solution - when SMEs realize that "Press SEND" makes more sense for all than "Press PRINT" - then this wasteful habit will disappear.
But to get there real fast we need a wide network of generic e-invoicing portals (NOT buyer specific!) - and here naturally banks are needed.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Rolands Selakovs Founder at avoided.io
14 February
Laurent Descout CEO at NEO Capital Markets
13 February
Joris Lochy Product Manager at Intix | Co-founder at Capilever
10 February
Alex Kreger Founder & CEO at UXDA
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