Community
It took some time - 26 full days of meetings and countless telephone conferences to get this report in place.
But it was time well spent as the iteration rounds unified the opinions, fully supported the EU VAT directive for equal treatment of paper and e-invoices and above all underlined the fact that EU cannot afford to delay the migration - so much productivity is at stake - and so steep will the decline in workforce be in the coming years. The report will be out for public consultation and I do not expect any real objections (very few insist on mandatory e-signatures these days).
When looking further all this becomes even more clear that the benefits are massive. The paradigmatic platform formed by keeping invoice information in structured form allows easy automation of virtually all administrative processes!
But first the platform by:
1. widely offering servicebased low-cost tools for every SME
2. setting deadlines for incoming paper and unstructured PDFs to be set right away
3. charge transparently for outgoing costly paper invoices
4. public sector to move among the first - no right to waste tax payers money in manual processes
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Amr Adawi Co-Founder and Co-CEO at MetaWealth
25 November
Kathiravan Rajendran Associate Director of Marketing Operations at Macro Global
Vitaliy Shtyrkin Chief Product Officer at B2BINPAY
22 November
Kunal Jhunjhunwala Founder at airpay payment services
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.