Jci cosmopolis
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  • 1. Experiences of a cross-country harmonization project. Case: e-Invoicing in EU JCI Cosmopolis Intercultural Leadership Seminar Helsinki 27.10.2012 Bo Harald
  • 2. Agenda1. European challenges2. European solutions3. e-invoicing – not a goal in itself – but a platform4. EC Expert Group on e-Invoicing 2008-105. Experiences © 2012 Tieto Corporation
  • 3. 1. European challenges• Expensive welfare state models• Too much debt• Low growth• Fragmented markets, practices and legislation• Change resistance instead of innovation drive• Grey economies• Demography © 2012 Tieto Corporation
  • 4. EU workforce nosediving! 2020: 35 million smaller 25 m largerBo Harald 2012 Tieto Corporation © 1.11.2012
  • 5. 2. European solutions• Spend less = borrow less & tax less• Drive innovations• Drive harmonization – create true single market• Collect taxes (VAT Gap 118,9bn)• Improve productivity © 2012 Tieto Corporation
  • 6. 3. e-Invoicing – not a goal in itselfBut a platform for:1. Productivity improvements (250bn/year) – structured (not PDFs) e-invoice data lay the foundation for automation of payments, accounting, cash flow estimates, VAT-reporting, invoice financing etcEspecially important for the SME segment (60-65% of turnoverand employment) – cut their administration cost in half © 2012 Tieto Corporation
  • 7. Unified reporting codes Real time VAT (on payment) Risk mitigation tools Automated auditing Automated invoice financing Automated real time cash flow estim Same tool for E-rfp, e-offer, e-order Automated accounting Payment automation Automated reconciliationProcure-to-Pay/Order-to- Cash domain Payment-to-Accounting domain E-invoicing dominating mode = platform for next steps Imple- Invoice senders to charge for paper ment Invoice receivers to set deadlines for unstructured invoicesFunda- Service provider network – agree with one – send to all ment Service offerings for SMEs – 0-investment, 0-ITskill © 2012 Tieto Corporation
  • 8. 3. e-Invoicing – not a goal in itselfBut a platform for:1. Productivity improvements (250bn/year) – structured e- invoice data lay the foundation for automation of payments, accounting, cash flow estimates, VAT-reporting, invoice financing etc2. Real time liquidity management3. Lower financing costs4. Major improvement in risk mitigation5. Release staff for productive work6. Cost-efficient weapon against grey economy7. Cut CO2 with 10m tons/year8. Major step towards a single market © 2012 Tieto Corporation
  • 9. 4. EC Expert Group on e-Invoicing 2008-10• Task: Make harmonized e-invoicing happen – fast• 31 members from most EU-countries and different sectors, 15 EU-officials• 24 full working days, innumerable telcos and hours of work• Result:- Report making migration necessity clear- new VAT-directive,- ISO20022 standard,- multistakeholder forums in all MSs- etc © 2012 Tieto Corporation
  • 10. 5. Diversity - Experience from chairman’s point of view (1/2)Intercultural issues:- Different terminology (same term for different things and different words for same things)- Different starting points (e-banking – ingrained in “culture” in some countries)- Different sectors (service providers, banks, large enterprises, SMEs, officials) © 2012 Tieto Corporation
  • 11. 5. Diversity - Experience from chairman’s point of view (2/2)Intercultural issues:- Different agendas – some hidden- Different attitudes (good for society at large – versus lobbying)- Different attitudes towards the state- Different attitudes towards EU and the single market- Still – we made it - a unified report: © 2012 Tieto Corporation
  • 12. Old habits die hard.. Time to stop bloodletting! Stop de-electronizing information! Unify Europe – with global standards SME Create a real EU Innovation Culture Liberate SMEs for Business © 2012 Tieto Corporation
  • 13. Why Is Innovation Needed? Innovation is the single most important factor for long-term business success Continuous innovation is the only way to create truly new value to customers Innovation means new or improved products, services & business processes making it possible to: Create customer Improve Decrease delight productivit costs y
  • 14. The future is not planned nor prognosed It is created ! Thank you bo.harald@tietoenator.com, http://boharald.blogspot.com© 2012 Tieto Corporation