Latest opinions that Bo Harald has shared on Finextra

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Bo Harald

Chairman/Founding member, board member

Trust Infra for Real Time Economy Prgrm & MyData,

Member since

04 Nov 2008

Location

Helsinki Region

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Bo's opinions

Taiwan setting targets - 4 bn e-invoices in 2013

Su Chun-jung, the director of the Financial Data Center (that is resided under the Ministry of Finance) stated that: around 100 million e-invoices will be issued in Taiwan by the end of 2011 that figure will expand to 2 billion by the end of 2012 4 billion e-invoices will be issued in 2013. in 2013 50% of all invoices in Taiwan are e-invoices. It...

27 December 2011 /payments Innovation in Financial Services

Euro crisis - eerie silence

You have surely taken note of the eerie media silence that followed the daily barrages of real or imagined bad news (like a euro break up would be possible). After the bold Italian package media seems to have lost interest – and as media does drive markets – also there the swings are now more moderate. So was the whole thing a really a media fabri...

27 December 2011

Russia moving towards e-invoicing

"On the 26th of December the Prime Minister of Russian Federation Vladimir Putin signed the resolution “About the forms and rules of filling and exchanging documents for VAT management”. This document established the rules of use of invoices, sales and bough daybooks and a log book both in paper and electronic forms. Electronic invoices in Rus...

27 December 2011 /payments Innovation in Financial Services

Just like payments - in sight

With the establishment of eeSPA http://www.eespa.eu/EESPA%20Press%20Release-2011-12-15.pdf we now have the organization in place to drive towards e-invoicing functioning “Just-like-payments. You sign up with one and you reach your customer or supplier globally. Every enterprise is here free to choose their own service provider – nobody is forced ...

22 December 2011 /payments Innovation in Financial Services

Saving tax payers' money

We have on many occasions stressed the need for the public sector to more aggressively - save their own operating costs, - help enterprises to save cost, - drive enterprises across digitalization thresholds - cut CO2 - make the single market real - collect VAT and other taxes due - further global standardization Migration to e-invoicing fur...

15 December 2011 /payments Innovation in Financial Services

A more competitive Europe - drilling down

1. More competitive enterprises. How? Drilling down selectively: 1.1. Better products, selling, procurement and service processes – mostly (but not only) a question of digitalization 1.1.1. Accepting e-invoices from suppliers save their and own costs and 300g CO2 every time – makes for a better customer 1.1.2. Sending e-invoices (i

12 December 2011 /payments Innovation in Financial Services

For a more competive Europe - big picture

From time to time it is necessary to look at the big picture. What do we need for a more competitive Europe? Innovative and determined actions in many areas – like: 1. More competitive enterprises – innovative and productive. 85% of growth comes from product and service innovation – so this must have the highest attention. 2. More competitive publi...

12 December 2011 /payments Innovation in Financial Services

SEPA heroes..

Finland is moving fast

09 December 2011 /payments Transaction Banking

Harmonizing VAT

This is the natural next step after the VAT directive simplyfying life for SMEs. now banks should move in to provide the reporting sidestream in their e-invoicing services and in parallel develope the splitpayment model - automating the payments. 60 million workdays can be saved in enterprises - and more tax collected cost-efficiently. http://ec...

06 December 2011 /payments Innovation in Financial Services

The original invoice ghost

The EC Expert Group on e-Invoicing - and especially its corporate members worked hard on eliminating mandatory digital signatures. DG Taxud took the clear stand that paper-, e-mail and electronic invoices should be equally treated from the VAT-point of view. Still there are discussions that disregard this major simplification achievement - even if ...

27 November 2011 /payments Innovation in Financial Services

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