The TALTIO program creates a standard model for structured data, defining in which format invoice, receipt and account statement information, for example, can be entered into financial management systems without manual data entry. In the TALTIO program, integrations, data storages and reporting apps are implemented in different work packages according to the TALTIO model. The TALTIO program - promotes the digitalisation of small companies, associations and companies operating in the housing sector. - creates opportunities for managing the finance of private persons. - develops the services of accounting firms to address future needs.

1. ASSOCIATION OF FINNISH ACCOUNTING
FIRMS PROMOTES THE USE OF
STRUCTURED DATA
Vuokko Mäkinen
Association of Finnish Accounting Firms,
Chairwoman of the Board

2. Future of the accounting field
Digitalisation and automation will reduce routine work
• The change is welcome, manual work in entering data is unnecessary and
error-prone
• BUT what kind of digitalisation and automation do we want?
We will need accounting experts also in the future
• We need real-time, comprehensive information in order to produce useful
information to our customers
The accounting sector can influence the future of the field
by promoting the development of digital tools and services

3. Key challenges of financial management in SMEs
- among the accounting sector’s customers
• Information needed to manage companies’ day-to-day operations is not available
(financial management information is narrow and based on statutory accounting)
• Accounting information is generated with a delay; usually 1.5 months old (e.g.
VAT reporting)
• Generating financial management information is time-consuming and still
requires a lot of manual work
• Most of the software used in the field are outdated and clumsy
• Obtaining the figures and forecasts needed for SME financing involves time-
consuming manual work, which costs a lot to financiers and investors
3
The services produced must meet
the needs of our customers.

4. Customers’ needs can be addressed with the help of
structured data
• With structured data, we can decrease the amount of data entry work and the
subsequent human errors
• Structured data are transferred from one system to another in a format that can
immediately be utilised without manual work
• Structured data can be analysed by making use of the entire data content
Structured data allows the development of entirely
new services and quick reaction to
situation-specific customer needs.

5. TALTIO PROGRAM
Markku Örn
Program Director

6. 6
Minister Berner gave a speech at the
Account and Tax event arranged by the Association of Finnish
Accounting Firms on 18 January 2016
The TALTIO program is part of a spearhead project managed
by Anne Berner, Minister of Transport and Communications,
which aims at building a growth environment for digital
business.
”The goal of the package of measures, which focuses on the
utilisation of large information materials and MyData, is to
create internationally the best preconditions in Finland for
business based on data use and for the growth of the field.”
Source: News from the Ministry of Transport and
Communications 18 January 2016
http://www.lvm.fi/-/digitalisaatiohankkeessa-kehitetaan-
alykkaampaa-liiketoimintaa

7. Foundations, goals and schedule of the TALTIO program
Foundations
• The cost-efficiency of the financial management of one million companies and corporations translates into major savings for
both companies and the national economy
• Allows a digital productivity leap in the SME sector (automation, risk management, etc.)
• A view to real-time information allows better decision-making
• Manual data entry is eliminated, financial experts help companies
• Easier to receive financing, thanks to more up-to-date financial information, and credit losses decrease
Goals
• To create a consistent form for structured financial data so that it may be used in different systems
• To build an ecosystem model and to demonstrate the digitalised financial management of SMEs and corporations as a data
storage solution complying with TALTIO
• To implement integrations between financial management systems and programs complying with the TALTIO data record
description
• To create opportunities for accounting firms for new business in the utilisation of structured data
• To support housing sector digitalisation in the housing trade and its financing
• To also use the resulting TALTIO solution for the management of the finance of private persons
Schedule: The schedule of the TALTIO program is March 2016 - October 2017

8. TALTIO program
• The TALTIO program creates a standard model for structured data, defining in which
format invoice, receipt and account statement information, for example, can be entered
into financial management systems without manual data entry
• In the TALTIO program, integrations, data storages and reporting apps are implemented
in different work packages according to the TALTIO model
• The TALTIO program promotes the digitalisation of small companies, associations and
companies operating in the housing sector
• The TALTIO program creates opportunities for managing the finance of private persons
• The TALTIO program develops the services of accounting firms to address future needs

9. Structured data development targets 1/2
Account statements
• The bank’s own fees as receipt-based information (service fees, loan withdrawals/instalments)
eInvoice
• Minimum data content broadly into use
• Easy adoption of eInvoices and better reliability of services
• eInvoice addresses, location, simplifying addresses (Tieke’s eInvoice address service will end in 2017)
• The UBL format used by European public procurements is taken into consideration in the TALTIO
project (Peppol)
eReceipt
• Completing and piloting the modelling of structured receipts in card and cash payments

10. Structured data development targets 2/2
TALTIO integration interface
• Data transfer between systems and programs according to the TALTIO standard
• Electronic archiving of accounting material in a consistent manner based on the TALTIO standard
Ecosystem based on the TALTIO data storage
• A small business financial management package for micro-companies, associations, housing corporations and
agricultural entrepreneurs
• The TALTIO database and the query and reporting apps utilising it
Electronic financial statement
• Promoting the adoption of specified electronic financial statements
• Reporting code and electronic financial statements for housing corporations and housing companies,
associations and foundations

12. Pirkka Frosti
Fredrik Jansson
Jani Karhunen
Pirjo Ilola
Elina Koskentalo
Vuokko Mäkinen
TALTIO Steering
group
TALTIO Standard
TALTIO Integration
TALTIO Data storage
Persons responsible for TALTIO program’s work
packages
TALTIO eReceipt
Sirpa Airola
TALTIO
Account-
ing firm
services

13. Program outputs
1. TALTIO standard
• Allocating structured data to TALTIO data record description
– eInvoice (incl. UBL)
– Account statement
– eReceipt
• Allows the processing of different files in a consistent manner in the data storage, data
transfer and data archiving without changing the structure of the original file.
• Reporting code and electronic financial statements for housing corporations and
companies operating in the housing industry, associations and foundations.
10

14. Program outputs
2. TALTIO eReceipt
• Adoption of the modelled eReceipt taxonomy in trade’s cash register
systems in order to produce structured receipt data
• Forwarding structured receipt data to the payer’s desired e-address
for direct utilisation in the company’s financial management or as
private person’s myData

15. Program outputs
3. TALTIO Integration
• Between existing and new financial management systems and software
• Transfer of data from the fixed assets register, stock control and payroll
accounting to accounting or other software using a consistent data transfer
standard
• Electronic structured archiving
• Required data from vouchers and invoices to the electronic archive as
structured transactions complying with TALTIO, also allowing voucher
visualisation without separate image appendices

16. Program outputs
4. TALTIO data storage pilot
• TALTIO data storage defined (data model specification)
• TALTIO saving and delivery layer
• TALTIO transactions, eInvoices, payments and account statements
• Interface specification, user right management specifications
• Specification of the application developers’ platform, developer advice and guidance
TALTIO apps
– Apps for accounting firms and entrepreneurs for utilising data (e.g. accounting, VAT
reporting, analysis, statistics)

17. Program outputs
5. Service development for accounting firms
• Promoting the use of structured data and improving the efficiency of work
• More efficient tools in collaboration with software companies
• New innovative service products based on customers’ needs
• Accounting firms adopt a more prominent role from recording realized
information into a comprehensive service provider that refines financial data
for use in the customer’s business and to support decision-making

18. Program outputs
6. Seminars and workshops
• Promoting the use of structured data in Finland
• Promoting the adoption of the operating models and outputs generated in
the project
• Informing financial management stakeholders
• International cooperation – export opportunities in the future
– Estonia
– Nordic NAF partners (Sweden and Norway)
– EU

19. Commerce
TALTIO project and stakeholders
Message formats
Financing
Housing
corporations
Book entry
system
eInvoice functionality
TALTIO Steering group
TALTIO Standard
TALTIO Integration
TALTIO Data storage
TALTIO
Accounting
firm services
TALTIO eReceipt
Companies

20. TALTIO program working model
• The TALTIO program is an ecosystem in which the participating parties implement the project’s goals in
work packages
• The TALTIO program is coordinated by the Association of Finnish Accounting Firms
• Overall program plan and goals of the work packages
• Coordinating practical work in the program
• Supporting the work of the work groups
• Possible to join in on the program
• As a self-development program or together with some other party
• By contributing to the achievement of the program’s goals
• A cooperation agreement about participating in the program and covering part of its coordination costs
• Possibility to receive financing from Tekes
• A parallel program (TALTIO), in which each applicant files an application and reports to Tekes

21. Participants of the TALTIO program:
• Dextili Oy
• Digital Living International Oy
• Dun & Bradstreet
• Envoice Oy
• eTasku Solutions Oy
• Euroclear Finland Oy
• Flashnode Oy
• Fujitsu Finland Oy
• Gylling Accounting Oy
• Kunnan Taitoa Oy
• Nordea Bank Finland Abp
• OP-Pohjola
• Suomen Asiakastieto Oy
• Suomen Tilaajavastuu Oy
• Talokeskus Yhtiöt Oy
• Taloushallintoliitto ry
• Tieke ry
• Tieto Finland Oy
• Tietotili Consulting Oy
• Tilikeskus-Yhtiöt Oy
• Tilitoimisto EMU Oy

22. Participants of the TALTIO program:
• Association of Finnish Accounting
Firms
• Bisnode Finland Oy
• Dextili Oy
• Digital Living International Oy
• Envoice Oy
• eTasku Solutions Oy
• Flashnode Oy
• Finnish Central Securities Depository
Ltd
• Finnish Contractor’s Liability Ltd.
• Fujitsu Finland Oy
• Kunnan Taitoa Oy
• Nordea Bank Finland Abp
• OP-Palveluyhtiö Oy
• Suomen Asiakastieto Oy
• Suomen Tilintarkastajat ry
• Talokeskus Yhtiöt Oy
• Tieke ry
• Tieto Finland Oy
• Tietotili Consulting Oy
• Tilikeskus-Yhtiöt Oy
• Tilitoimisto EMU Oy

23. 18
Future events
2 February 2017 at 9 a.m. – 12 noon
TALTIO open pre-noon seminar
Ministry of Transport and Communications, Sonck’s hall
Eteläesplanadi 16
To register before the event, please contact
juho.pitkaniemi@taloushallintoliitto.fi

24. Markku Örn
TALTIO Program Director
+358 50 55 67 032
markku.orn@taloushallintoliitto.fi

25. THANK YOU!