Electronic invoicing

A discussion and guidance on the path to full scale adoption of electronic invoicing by corporates, goverments, SME's and consumers, creating savings up to € 60 billion in 2020. With a focus on: trends, business models, processes, technology, and legal issues.

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Banks are the enablers for mass market e-invocing

Finland as an example (2016 figs): - all SMEs use e-/mobile banking and e-invoicing is a standard feature as out of some 250k enterprises 217k have signed up for sending and 234 for receiving structured e-invoices (PDF has never been classified as e-invoice) - consumers have 6,23 million e-/mobile banking contracts (population 5,5 m so some are pay...

14 September 2017 /payments

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Are you the last Mohican?

Are you the last Mohican? The last one still sending our accepting paper or PDF invoices? In your private and/or corporate role? The last one using cash in a shop? The last one writing or accepting cheques? If so - stop to think how unproportionally expensive it is for your supplier, customer, shop etc. To have to count and take cash to the bank, ...

02 November 2016

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Protecting costs - NOT consumers

Posted this in 2008 - edited now Had a discussion last week with a representative of a consumer organization at a conference in Brussels. It did strike me - again - how little interest these organizations have to further cost cutting in enterprises - in this case by moving to e-invoicing. The cost of paper invoicing to the consumer segment in EU ca...

01 November 2016 /payments

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Up and down - from the e-invoice

Just back from the Exchange conference I keep pondering how we can get a shared view of how to automate administrative processes. Today - especially in the US - it still is large enterprise driven procurement that drives e-invoicing. How can this evolve into a good solution for SMEs = send to all from your own e-bank or other solution instead of ...

14 June 2016 /payments

Retired Member 

US Implements EInvoicing and Reporting: Similarities to Latin America?

Latin America has long been at the forefront of business-to-government compliance requirements, and nations across the globe have taken note of how countries in this region have successfully cracked down on tax fraud. Now, the U.S. has introduced two new requirements – public sector e-invoicing and country-by-country reporting – with themes parall...

08 March 2016 /regulation

Retired Member 

Mexico SAT announces Electronic Audits to start 2016

In a recent interview the CNN Expansion, Aristoteles Nunez, the head of the SAT, stated that they will start to deploy electronic audits starting in the second half of 2016. This is a move that I have been discussing for the last 5 years and even more so in the last 12 months. Following a path similar to Brazil, Mexico is now in a position where...

07 March 2016 /regulation

Retired Member 

Latin American VAT and EInvoicing Mandates

The rate of change of business-to-government compliance mandates in Latin America continues compounding, with no less than 10 (ten!) new regulations expected in 2016. Managing these changes can be challenging at all levels of a corporation – from IT integration to new processes and controls in finance and supply chain management to operational del...

11 February 2016 /regulation

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Privacy in Memorial

We all remember how delighted we were when the newborn Google was praised as a "database of intentions" which it of course was and is - on a scale that we could not imagine then. With Facebook now having 510 million visits a day! by 1,5 bn signed up, Whats Up at 0,9bn, Instagram at 0,4bn, Twitter at 0,3bn and any number of Tripadvisors a...

23 January 2016

Retired Member 

The rise of business-to-government regulation

Increasing globalization has significantly changed the corporate tax function, with constantly shifting regulations and stakeholder demands. In a recent report, “Reshaping the Tax Function of the Future,” PricewaterhouseCoopers (PwC) details several critical factors that will drastically impact the way companies do business worldwide – trends we’v...

16 September 2015 /regulation

Retired Member 

Business to Government Compliance: Latin America Turns to Automation for Tax Collection

There is major shift in the way governments in Latin America regulate businesses – particularly multinationals – that is distinct from anything else seen in global compliance. Unlike the United States and most European countries, which rely heavily on income taxes, Latin American governments and many other emerging markets generate the majority of...

14 July 2015 /regulation